Loan FAQ with Union First Funding

Frequently Asked Questions

A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to seven years.

Personal loans work by borrowing this money and then paying it back with interest over the life of the loan term.

Personal loans are generally a better option than credit cards because they come with lower interest rates. Additionally, lenders can provide fast funding to get you a large sum of money as quickly as possible that you can repay in monthly installments.

There are many ways that you can use a personal loan to your advantage. Some of the top reasons to apply for a personal loan are: to consolidate debt, finance a home remodeling, make a large purchase, pay for unplanned expenses, or pay for moving expenses.

Any large purchase that you’d have to make for your personal life could be a good reason to get a personal loan.

No, not everyone will qualify for a personal loan. Your approval will be dependent on things like your credit score, your income, and any debt that you have outstanding. If you’re not sure whether or not you’ll qualify, consider speaking to a representative today.

APR stands for Annual Percentage Rate. It refers to the annual rate of interest charged by lenders to borrowers. For example, if you borrow $1,000 at a rate of 5% APR you will pay $50 in interest over the year. APR is used as a way of converting monthly rates to yearly rates.

Yes, you can technically repay your loan in full at any point if you have the money to do so. Doing this will result in paying less money in interest but will also cost you the lump sum of money.

We care for you, that's what we do.

See what other people are saying.

Beginning of the year I was contemplating bankrutpcy when I received an offer in the mail from union first funding. I was skeptical at first and thought it was too good to be true, until I got on the phone with them and they walked me through every step and process. Now I was able to save my business and family with their help!

Michael Knight

Union First Funding went above and beyond with helping me out of my financial situation. I was stressed and hardly sleeping at all, then I got on the phone with their experts and now I'm totally at peace.

Frank Vern

My advisor listened to me and my wife through the whole process, they do not pressure you or try to hard sell you anything. we were able to find a deal that saved us a lot of money and also gave our family a new start

David Kray

Thank you thank you thank you! Everyone at Union First Funding really cares about me as a customer and it makes all the difference in the world. I would have no hesitation recommending them to all my friends and family!

Ashley Greene

I am so happy with the help I got from Union First Funding!

Alice Johnson

Get your loan in just a few minutes — check our zero commitment offer!

Imagine life after paying off your credit cards.