Personal Loans and Personal Lines of Credit:
Your Path to Financial Flexibility
At Hudson Valley Credit Union (HVCU), we understand that life's journey often requires financial flexibility. That's why we offer a range of personal loans and lines of credit to help you achieve your goals, whether you're consolidating debt, funding a home improvement project, or preparing for unexpected expenses.
Our personal line of credit provides revolving access to funds when you need them most, while our one-time personal loans offer structured repayment plans to fit your budget. For those looking to establish or repair credit, we also offer short-term loan options tailored to your needs.
Unsecured Personal Loans and Lines of Credit
Flexible borrowing options without the need for collateral.
-
Credit that you can tap into on a revolving basis when you need it.
- Revolving credit limit offering up to $50,000
- Monthly payment equal to 2% of outstanding balance
- Can be used as overdraft protection for your checking account
- Conveniently access your funds at any HVCU branch or ATM, or through Internet Banking or Mobile Banking
- Free convenience checks
- Lower your rate by .25% when you have your loan payment automatically deducted from your checking, savings, or tiered money market account1
-
A one-time disbursement of cash paid back monthly for a specific term.
- Fixed loan amounts up to $50,000
- Terms up to 60 months2
- No payments for 90 days3
- Monthly principal and interest payments
- Lower your rate by .25% when you have your loan payment automatically deducted from your checking, savings, or tiered money market account1
-
A short-term loan that doesn’t require a credit check, and can help you build or repair credit.
Personal Assistance Loan (PAL)
- Loan amounts from $200 up to $1,000
- Fixed 6-month term4
- $20 application fee5
- No credit check required
- Instant loan decision
- 90 day membership requirement
PAL Plus
- Loan amounts up to $1,500
- Fixed 12-month Term4
- $20 application fee5
- No credit check required
- Instant loan decision
- 90 day membership requirement
Compare Unsecured Lines of Credit & Personal Loans
Choose between revolving credit access and fixed-term loans to suit your financial needs.
| Loan Feature | Readi-Cash Line of Credit | Signature Loan | Personal Assistance Loans |
|---|---|---|---|
| Interest Rate | Variable
|
Fixed
|
Fixed
|
| Credit/Application Required | Yes
|
Yes
|
No
|
| Term | N/A
|
Terms up to 60 months 2
|
Up to 12 months 4
|
| Payment Type | Monthly payment is based on 2% of the loan balance at the end of the month or $10, whichever is greater | Monthly principal and interest payments
|
Monthly principal and interest payments
|
| Application | Apply online,
Please select an option below to apply for a loan. Please note: To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation. |
Apply online,
Please select an option below to apply for a loan. Please note: To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation. |
Apply through online banking
|
| All Funds Fully Disbursed at Funding | No
|
Yes
|
Yes
|
| Funds Become Available After Payments are Made | Yes
|
No
|
No
|
| Source of Overdraft Protection | Yes
|
No
|
No
|
Check Out Our Personal Loan & Line of Credit Rates
Hudson Valley Credit Union proudly serves the Hudson Valley and Capital District regions, providing personal loans for individuals all over New York. Choose from our unsecured options for quick, hassle-free borrowing, or opt for our savings-secured loans and take advantage of lower interest rates while building your credit profile.
From unsecured personal loans to secured lines of credit, Hudson Valley Credit Union is committed to offering flexible solutions that work for you and your financial journey.
Discover the Hudson Valley difference today and take the first step towards realizing your financial aspirations with our personal loan and line of credit options.
Secured Personal Loans and Lines of Credit
Lower-rate options using your savings or certificate accounts as collateral.
-
- Great for establishing or repairing credit
- Loans starting at $500
- Borrow up to 100% of the amount in your savings account
- Terms up to 96 months6
- Your savings account funds securing the loan are frozen while the debit is outstanding
- Provides you with a lump sum, which you pay back in monthly principal and interest payments
- Rate is equal to your current savings account’s dividend rate plus 3.5% (ADR + 3.5%)
- You may have only one pledge of savings loan or savings secured line of credit at a given time
- Holiday club accounts can’t be used to secure your loan
-
- Great for establishing or repairing credit
- Lines of credit starting at $500
- Borrow up to 100% of the amount in your savings account
- Your savings account funds securing the line of credit are frozen while the debit is outstanding
- Rate is equal to your current savings account’s dividend rate plus 3.5% (ADR + 3.5%)
- You may have only one pledge of savings loan or savings secured line of credit at a given time
- Holiday club accounts can’t be used to secure your line of credit
-
- Great for establishing or repairing credit
- Loans starting at $500
- Borrow up to 100% of the amount in your certificate account
- Terms start at 30 days7, not to exceed the maturity date of your certificate account
- Your certificate account funds securing the loan are frozen while the debit is outstanding
- Rate is equal to your current certificate accounts dividend rate plus 3.5% (ADR + 3.5%)
- A loan may be secured by only one certificate, but you may have more than one loan if you have multiple certificates
- IRA certificate accounts can’t be used to secure your loan
Compare Secured Lines of Credit & Personal Loans
Decide between ongoing access to funds or a one-time loan, both secured by your savings.
| Loan Feature | Pledge of Savings Loan | Savings Secured Line of Credit | Pledge of Certificate Account Loan |
|---|---|---|---|
| Interest Rate | Fixed
|
Variable
|
Fixed
|
| Credit/Application | Yes
|
Yes
|
Yes
|
| Term | Terms up to 96 months6
|
N/A
|
Terms start at 30 days, not to exceed the maturity date of your certificate account7
|
| Payment Type | Monthly principal and interest payments
|
Monthly principal and interest payments
|
Monthly principal and interest payments
|
| Application | Apply online,
Please select an option below to apply for a loan. Please note: To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation. |
Apply online,
Please select an option below to apply for a loan. Please note: To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation. |
Apply online,
Please select an option below to apply for a loan. Please note: To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation. |
| All Funds Fully Disbursed at Funding | Yes
|
No
|
Yes
|
| Funds Become Available After Payments are Made | No
|
Yes
|
No
|
| Source of Overdraft Protection | No
|
No
|
No
|
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Important Legal Disclosures & Information
1The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or tiered money market account for the life of the loan. The monthly payment is not decreased as a result of this discounted rate.
2APR=Annual Percentage Rate. Rates for this product are as low as 9.99% subject to applicant credit and total amount financed. Rates are accurate as of 4/24/25, and are subject to change without notice. As an example, a 5-year, 11.99% fixed rate signature loan for $15,000 would result in 60 monthly payments of $333.53. All HVCU loan programs, rates, terms and conditions are subject to change or termination at any time without notice.
3APR=Annual Percentage Rate. Rates for this product are as low as 9.99% subject to applicant credit and total amount financed. Rates are accurate as of 4/24/25, and are subject to change without notice. As an example, a 10.24% APR fixed rate loan would result in 12 monthly payments of $89.50 for each $1,000 financed. This offer is not guaranteed if you do not meet our credit criteria and if your account is not in good standing. HVCU personal loan refinances are not eligible for the offer. No exceptions will be made or considered. Finance charges will continue to accrue and will be included in the first regularly scheduled payment, which will begin 90 days following loan closing. HVCU expressly reserves the right to change or terminate this offer at its discretion at any time and without further notice provided to you.
4APR=Annual Percentage Rate. Rates for this product are as low as 25.00% subject to applicant credit and total amount financed. Rates are accurate as of 4/24/25, and are subject to change without notice. As an example, a 6 month, 25% fixed rate Personal Assistance Loan for $1,000 would result in 6 monthly payments of $179.03 Your actual payment may be higher. All HVCU loan programs, rates, terms and conditions are subject to change or termination at any time without notice.
5An application fee of $20 is charged for every Personal Assistance Loan application, whether or not the loan is approved.
6APR=Annual Percentage Rate. Rates for this product are as low as 3.52% subject to applicant credit and total amount financed. Rates are accurate as of 4/24/25, and are subject to change without notice. As an example, a 96-month, 3.52% fixed rate Pledge of Savings Loan for $1,000.00 would result in 96 monthly payments of $11.99. Your actual payment may be higher. All HVCU loan programs, rates, terms and conditions are subject to change or termination at any time without notice.
7APR=Annual Percentage Rate. Rates for this product are as low as 3.70% subject to applicant credit and total amount financed. Rates are accurate as of 4/24/25, and are subject to change without notice. As an example, a 3-month, 3.70% fixed rate Pledge of Certificate Account Loan for $1,000.00 would result in 3 monthly payments of $335.88. Your actual payment may be higher. All HVCU loan programs, rates, terms and conditions are subject to change or termination at any time without notice.