. Go to main content RATES LOCATIONS/HOURS HELP Banking Credit Cards Borrow Business Advice Why Tropical Manage My Loan FLORIDA PERSONAL LOANS & PLOCS It’s easy for life to happen, but it’s even easier to get a personal loan when it does. Let TFCU guide you through the quick process to your credit union personal loan or personal line of credit (PLOC). APPLY NOW FOR YOUR PERSONAL LOAN Have a question? We'll call you. Or you can call us at (888) 261-8328. GETTING STARTED WITH YOUR CREDIT UNION PERSONAL LOAN OR LINE OF CREDIT Whether you’re looking for personal loans in Miami or a personal line of credit with a low rate from a credit union TFCU can help. Our personal loans and PLOCs are designed with members in mind especially when life challenges us most. Check out the benefits for our personal loans and PLOCs. Personal Loan Competitive fixed rate, fixed term and fixed monthly payment No origination fee or prepayment penalty Simple online application and funding process Loans from $500-$40,000 with secured and unsecured options Personal Line of Credit Competitive rates and terms compared to most lenders No origination fee or prepayment penalty Relationship discounts for qualified members Simple online application and funding process Loans from $250-$40,000 with secured and unsecured options QCash - No Credit Check Loan** This loan is available to current members that have a relationship with the Credit Union for more than 12 months. Here are the perks: Loans from $500-$1000 Apply and get a decision in less than 60 seconds, the application available through online banking Funds deposited to TFCU savings account in minutes CHECK OUT CREDIT UNION PERSONAL LOAN & LINE OF CREDIT RATES IN FLORIDA Finding the best rates for personal loans and lines of credit can be difficult. Check out our different rates to help you determine which option is best for you. Rates effective September 27, 2021 Unsecured Personal Loan 8.75% APR* We recommend this option when you need to borrow money for a one-time expense. You enjoy a one-time lump sum with a fixed rate and consistent monthly payments. Other conditions may apply. Personal Line of Credit+ 10.25% APR* We recommend this option if you are looking to have money for unexpected expenses or for overdraft protection. It works like a credit card so you can borrow money when you need it most. Variable rate based on prime rate. Other conditions may apply. Secured Line of Credit 2.60% APR* We recommend this option if you are looking for a way to help you build your credit while continuing to earn interest on the money in your savings account held as collateral. Variable rate based on current savings rate. Other conditions may apply. QCash Loan 16.99% APR* We recommend this option if you need additional funds to help cover an unexpected expense. This option is for current members that have been with the CU for 12 or more months. The application must be submitted through online banking. Other conditions may apply. Not sure which option is right for you? We'll call to help you. VIEW MORE PERSONAL LOAN RATE OPTIONS USE THE PERSONAL LOAN OR LINE OF CREDIT CALCULATOR FOR AN ESTIMATE OF YOUR MONTHLY PAYMENTS Use the rates you see from above to calculate what your monthly credit union personal loan of PLOC payment could be. Remember, the rate you qualify for may differ depending on a variety of factors including the term you select and your credit score. RUN THE NUMBERS What is a Personal Loan? A personal loan is money borrowed in a one-time amount that you pay back in fixed monthly payments over a certain period of time. Typically, personal loans are unsecured which means they are not backed by things such as a car, house, etc. However, credit and proof of income are required for eligibility in most cases. What is a Personal Line of Credit and Secured Line of Credit? A line of credit, whether it be personal or secured is a revolving account in which a borrower can draw from when they need it. Similar to a credit card there’s a limit on the amount someone can borrow and the amount borrowed must be paid back. Personal lines of credit are typically unsecured and require good credit scores and proof of income. Similarly, secured lines of credit work the same, however savings accounts are used as collateral. How Can A Credit Union Personal Line of Credit Help Me? Understanding the difference between a credit union personal loan and a personal line of credit is important. Depending on your situation one may be more beneficial to you than the other. BEST WAYS TO USE A PERSONAL LOAN OR LINE OF CREDIT IN MIAMI There are many different reasons and ways someone could use a personal loan or line of credit in Florida. We’ve gathered some of the top reasons and paired them to which option could work best. See below: Still not sure what is the best choice for you? No worries, TFCU can help with our Personal Loan & PLOC Guide. Download the guide for more tips and tricks to consider when looking for a loan. Download My Personal Loan Vs PLOC Guide HOW DOES THE PERSONAL LOAN PROCESS WORK? Getting a personal loan in Florida shouldn’t feel overwhelming. We make it simple to get the money you need to do the things you want. Here’s what you can expect: 1 COMPARE Is a personal loan or line of credit the better choice for you? We can guide you through the pros and cons of each to help you decide which option is best for you. 2 APPLY Once you decide which option is right for you, the next step is to apply. And to help you along your journey, we have made the application process so easy. 3 RELAX Our trusted Personal Loan Advisors will continue to guide you through the process so you don't have to worry about a thing. They'll be with you every step of the way. 4 CLOSE Getting a personal loan has never felt so easy. Just imagine how good you will feel when you get the money you need to do the things you want at a low-interest rate. GETTING A PERSONAL LOAN IS QUICK AND EASY APPLY NOW IN LESS THAN 10 MINUTES FLORIDA PERSONAL LOAN & LINE OF CREDIT FAQ How Do I Qualify for a Florida Personal Loan? What are my options to pay my TFCU loan? What Documents Are Needed for a Credit Union Personal Loan? Why Do Personal Loans Have Higher Interest Than Other Loans (Mortgage & Auto)? Will a Personal Loan Affect My Credit Score? Have a question but don't want to wait on hold? REQUEST A CALL BACK * APR = Annual Percentage Rate. Eligibility for the lowest advertised rate is based on creditworthiness, ability to repay, credit score and terms. Other rates and terms may apply and your actual rate, term and payment may vary depending on your credit history, loan amount and other factors. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Other eligibility requirements may apply. Current TFCU accounts must be in good-standing, not have any type of restrictions, and TFCU loans paid-to-date. Member must reside in a state within TFCU lending area. ** QCash: Loan example: $1,000 loan at 16.99 APR with 12 monthly payments of approximately $91.21. TFCU membership for a minimum of 12 months is required along with other relationship based qualifications. Automatic Loan Payment required from TFCU account. Only 3 QCASH loans allowed within a rolling 12 months. Rates are subject to change without notice. This is not a firm offer of credit. Offer is subject to change or end at anytime without notice. Member must reside in a state within TFCU lending area. +Personal Line of Credit will vary based on creditworthiness. The standard APR could range from Prime + 7.00% to Prime + 14.00%. The variable APR may increase or decrease based on the highest Prime Rate published in the Money Rates column of the Wall Street Journal. Member must reside in a state within TFCU lending area. Other restrictions may apply. Current TFCU accounts must be in good-standing, not have any type of restrictions, and TFCU loans paid-to-date. The standard APR equals the Current TFCU savings account rate + 2.50. The variable APR may increase or decrease based on the current TFCU savings account rate. Share Secured Line of Credit requires a qualifying savings account as collateral. Rates and terms are subject to change without notice. Membership eligibility required with $5 minimum in savings. Example: $5,000 loan at 8.75% APR with 60 monthly payments of approximately $102.62 THIS CREDIT UNION IS FEDERALLY-INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION. NMLS ID 407683. DISCLOSURES | SECURITY | CONSUMER FEE SCHEDULE | BUSINESS FEE SCHEDULE | ACCESSIBILITY STATEMENT | PRIVACY NOTICE | ABA ROUTING # 267077847 | P.O. BOX 829517, PEMBROKE PINES, FL 33082-9917 | 888-261-8328 THIRD PARTY LINK DISCLAIMER - LINKED WEBSITES ARE NOT UNDER THE CONTROL OF TROPICAL FINANCIAL CREDIT UNION AND WE ARE NOT RESPONSIBLE FOR THE CONTENTS OF ANY LINKED SITE OR ANY LINK CONTAINED WITHIN A LINKED SITE. THE PRIVACY OR SECURITY POLICIES AT A LINKED SITE MAY BE DIFFERENT FROM THOSE PRACTICED AT TROPICAL FINANCIAL CREDIT UNION AND YOU SHOULD REVIEW THE PRIVACY POLICY OF ANY LINKED SITE. COPYRIGHT 2020 TROPICAL FINANCIAL. ALL RIGHTS RESERVED.