Personal loans made simple.

Get the money you need - when you need it. 

First Basin will be the partner in your financial life, whether it is the planned or unexpected, we will find what fits you best. Do you need to save some cash with a debt consolidation? Maybe you want to go on vacation, or you need home or car repairs?

First Basin can help you accomplish your goals and get the money you need in your account today!

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Credit Booster Loan

Tone up your credit score. Designed specifically for members with weak or no credit, the First Basin Credit Booster Loan can build a strong credit history and improve your credit score.

How does a Credit Booster loan work? 

  • First Basin Credit Union will loan up to $1,000.
  • The $1000 will be held in a frozen, interest-bearing savings account, while payments are made over a 12 month period.  Monthly loan payments can easily be made online or using our First Basin mobile app.
  • Once the loan has been paid in full you will have the option to use the money or keep it frozen and take out a second loan. If you choose to take out a second loan your initial $1,000 will remain frozen, while enjoying the full use of the second loan.

IMPORTANT: It is important to note, in order to build a strong credit history, payments must be made on-time over an extended period. A consistent on-time payment history will help build a positive financial record, resulting in a boost to your credit score.

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Secured vs. Unsecured Personal Loans

Secured loans can have a lower interest rate than an unsecured loan, making secured loans a good choice for borrowers on a tight budget. However, collateral, such as a savings account or CD, is needed to back the loan. Secured loans included mortgages, auto, or RV Loans.

Unsecured loans do not require an asset, but interest rates may be higher. This includes personal signature loans, credit cards, or student loans.

What type of loan do I need?

I want...

  • Lower interest rates
  • Higher borrowing limits
  • Longer repayment terms

I need a secured personal loan.

 

I want...

  • Revolving credit - money I can use, repay and then use again.
  • A loan I can use for many purposes - like home repairs or debt consolidation.

An unsecured loan may work best for me.

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Not the right loan for you?

View our other options