Enjoy a little EXTRA this summer!
Limited Time Only: Get the Lowest Personal Loan Rates for Summer!
Many of us are making up for lost time this summer, and with a personal loan as low as 4.99% APR*, it’s no sweat to stay on the beach a little longer.
A personal loan from Lanco FCU doesn’t require any collateral, and you can use the funds to enjoy whatever you’ve been waiting for…
- a family vacation
- back-to-school supplies
- your wedding
- or nearly any purpose
Apply today for a personal loan rate as low as 4.99% APR*
- Loan amounts from $7,500 to $20,000*
- Repayment terms between 2–4 years
- Monthly payments as low as $173*
Apply and Sign Online
Applying for your loan
If you are already a Lanco FCU member or are eligible to join, you can easily start by applying for your loan online. Our lenders will review your application and reach out to you with a decision, generally within 2 business days or less.
Signing for your loan
Once your application is approved, you can choose how you’d like to sign. Whether you prefer to handle everything online, or would like to come into a branch near you, our lenders are happy to help serve you in the way you find most convenient.
Have questions? Call us at (717) 569‑7180 or (888) 318‑4222 to speak with a lender.
Personal Loan FAQs
What are your current personal loan rates?
Personal Loan Rates as of 7/1/2021†
At Lanco Federal Credit Union, we offer competitive personal loan rates, with amounts up to $20,000 and terms up to 60 months†. Our current personal loan rates are:
|Credit Score||APR (non-promotional)||Summer Loan Sale APR|
|700 – 749||7.99%||5.99%|
|660 – 699||9.99%||7.99%|
|620 – 659||13.99%||11.99%|
During our Summer Loan Sale: Personal loans of $7,500 or more with a term between 2-4 years feature a rate 2.00% lower than advertised, resulting in an APR of 4.99%–13.99%, based on qualifications.
†Maximum loan amount varies between $500 and $20,000 based on borrower qualifications. Payment example: A personal loan at 6.99% APR would require 12 monthly payments of $86.06 per $1,000 borrowed.
What are the pros and cons of a personal loan?
Benefits of a personal loan
A personal loan can provide you with a convenient way to borrow funds for almost any reason. Personal loans do not require collateral, so you don’t need to have assets such as savings or a vehicle to apply. The approval of a personal loan is based on your credit and ability to repay.
Depending on your financial position and goals, other borrowing options might be more beneficial to you or easier to get approval for than a personal loan. For example, a loan secured by your vehicle or home may provide you with the ability to borrow a higher amount with a lower rate, and longer repayment terms may be available to further lower your monthly payments. For expenses that may fluctuate over time, you may find it more convenient to open a line of credit. If you’re not sure what type of loan is best for your borrowing needs, contact us to speak with a lender.
Do I need to be a member of Lanco Federal Credit Union to get a loan?
Membership is not required to apply
You do not need to be a member of Lanco FCU to apply for a loan from the credit union. However, you do need to meet the credit union’s eligibility requirements.
You are eligible to join Lanco Federal Credit Union if you live, work, worship, or attend school in Lancaster County, PA.
Additionally, if your immediate family or household member is eligible for membership, their eligibility may extend to you.
Membership is required to take a loan
If your loan application is approved and you want to accept the offer, you will need to become a Lanco FCU member to open the loan. Additionally, when you become a member, your whole family may be eligible to join and enjoy our member benefits.
How much does it cost to join the credit union?
There is no cost to apply for membership or join Lanco Federal Credit Union. The only requirement to maintain membership is that you keep a minimum deposit of $5.00 in your share savings account. This deposit is not a fee—it is the portion of your balance that shows your ownership in the credit union.
Can I learn more before applying?
Use our loan calculators to estimate your payments
We understand that you may want to see the how the numbers work out before you submit an application, which is why we provide free and convenient loan calculators. If you have a general idea of what your current credit score is, view our current rates above and use them for possible loan estimates.
Contact us with any questions
We know that there are many factors to consider when you’re trying to decide what the next best step is for your personal finances. Our member services team is happy to help answer any questions you may have. To connect with us, please fill out our contact form, text us, or call (717) 569-7180.
Our regular business hours are Monday through Thursday 9am–5pm, Friday 9am–6pm, and Saturday 9am–12pm.
*Advertised APR (”Promotional Rate”) valid as of 7/1/2021. Promotional Rate available for personal loans only with a minimum balance of $7,500 and term of 24 to 48 months. Promotional Rate of 4.99% APR is available for borrowers with credit scores 750 and higher. Additional Promotional Rates, of 2.00% off our current advertised rates, are available for borrowers with credit scores 749 and below. Promotional rate is not valid on refinancing of any current Lanco FCU loan unless a minimum of 25% new money is added to the loan. Maximum loan balance is $20,000.00, based on borrower qualifications. Promotional Rate cannot be combined with any other offers or rate discounts and is not valid on lines of credit or tuition reimbursement loans. This promotion may be changed or withdrawn at any time. Payment Example: A personal loan of $7,500.00 at 4.99% APR will require 48 monthly payments of $172.69.