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We love to lend to our members!

If you have great credit, we can lend you the money you need with little more than a signature. University Federal Credit Union offers personal loans in Utah to help you cover surprise expenses, vacations, and more!


person applying for signature loan

  • Amounts up to $15,000
  • Terms up to 5 years*
  • No collateral required
  • Fixed rates

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Personal loans (formerly Signature Loans) are a type of unsecured loan offered by banks and other financial institutions using only a borrower’s signature as collateral. Personal loans can be used for any purpose the borrower chooses. 

University Federal Credit Union can offer our members up to $15,000 for up to 5 years with a personal loan. No other collateral is required, and you can use the money for whatever you want. Our personal loans work like other loans, with members making fixed monthly payments until the loan is paid off. 


One of the best features of a personal loan is that they can be used for any purpose while offering lower interest rates than most credit cards or revolving credit options.  As such, personal loans have a number of other uses besides just providing quick cash.  In fact, we recommend looking into personal loans as a way to boost your credit score!  This is particularly useful for those with mid-level credit scores, or people with no previous credit history.  Taking out a small loan and paying it off in a timely manner with no missed payments is sure to boost your credit score in a relatively quick and painless manner.

You can also use personal loans for emergency expenses, such as medical procedures or surprise legal fees.  If you have an income but few savings, a personal loan could be a great way to take care of those expenses without damaging your credit or tightening your budget too much.

A personal loan also doesn’t require any collateral, which means you don’t have to sacrifice anything upfront to secure it.  This makes personal loans useful for creative financing.  For example, if you have outstanding debts that do have collateral, you might consider using a personal loan to pay off the collateralized debt, leaving you with only uncollateralized debt.  You can also use this same concept to consolidate your debt.  Use a personal loan to pay off all your other debt, so that you’re only writing one check per month.

Personal loans are extremely useful in just about any situation.  Even better, University Federal Credit Union offers competitive rates for personal loans to ensure you can get a safe loan with fair rates.  Apply for a personal loan today to see how much you can get!


Don’t wait any longer! Make that major purchase, consolidate debt, and so much more with a University Federal Credit Union signature loan.

 current rates 


*Loans subject to credit approval. See current rates and terms. No down payment or collateral is required. The monthly obligation will be determined by the total loan amount and the term and interest rate of the loan. For example, the minimum payment for a loan with a 9.25% APR and 60-month term is approximately $20.89 per $1,000 borrowed.