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The Different Types of Personal Loans (and Which One Is Right for You)

Looking for a smart way to consolidate debt, cover a major purchase, or build credit? Auburn University Credit Union offers personal loans designed to fit your life - not a profit margin. With competitive rates, personalized service, and flexible options, borrowing is simpler and less stressful with AUCU. 

Here’s a quick look at the personal loan options we offer and when each one might be right for you: 

Share Secured Loan – Best for Building Credit 

Use your AUCU savings as collateral and borrow up to 100% of that amount. You'll benefit from a low interest rate while your savings continue to earn dividends. 

Most helpful when: 

  • You're building or rebuilding credit 
  • You want a low-risk borrowing option backed by your own funds 

E-Z Eagle Line of Credit – Flexible Funds for Life’s Curveballs 

This revolving credit line gives you access to funds anytime, whether for travel, home repairs, or the unexpected. Borrow what you need, when you need it. 

Most helpful when: 

  • You need ongoing access to funds 
  • You're unsure how much you'll need, or when 
  • You prefer borrowing as needed rather than in one lump sum 

Signature Loan – Simple, Unsecured Borrowing 

Borrow a fixed amount with no collateral and enjoy predictable monthly payments. It’s perfect for one-time purchases or major life events. 

Most helpful when: 

  • You know the exact amount you need upfront 
  • You want a fixed-term loan with set monthly payments 
  • You don’t want to tie the loan to savings or other assets 

Debt Consolidation Loan – Simplify and Save 

Roll multiple high-interest balances into one manageable monthly payment - often with a lower overall interest rate and less stress. 

Most helpful when: 

  • You're juggling multiple credit card or loan payments 
  • You want to reduce your total interest cost 
  • You’re focused on simplifying your finances 

Which Loan Is Right for You? 

Every AUCU member has different goals, and we’re here to help you reach yours. Whether you're preparing for a major expense or working to strengthen your financial standing, our lending team offers honest guidance and no-pressure support every step of the way. 

Explore All Personal Loan Options


AUCU is an equal opportunity lender and federally insured by the NCUA. NMLS# 530633