Personal Loans

Personal loans can be used to finance purchases of a wide range of personal goods, including insurance, RRSP contributions, automobiles, furniture and appliances, recreational equipment etc.

Since interest rates on personal loans are normally much lower than credit card interest rates, personal loans are beneficial in consolidating debts to lower monthly payments and interest costs. The interest rate charged on personal loans depends on a number of factors, including the purpose of the loan, the security taken, the term's length, and the degree of risk and the amount of business that a member does with the credit union.

Belgian-Alliance Credit Union offers flexible term lengths with competitive fixed or variable interest rates. Loans can be paid off in weekly, bi-weekly, semi-monthly, or monthly installments, and are open to pre-payment or payoff at any time without penalty.