Patelco Credit Union stands out as an excellent option for borrowers seeking flexible loan solutions. With competitive rates and a diverse range of loan amounts from $300 to $100,000, it has earned a high ranking among lenders, particularly credit unions. Borrowers can choose repayment terms from 6 to 84 months, making it adaptable to various financial needs. Patelco is known for its reasonable APRs, which do not exceed 18%, and its willingness to accept borrowers with credit scores as low as 640. Unique offerings include secured loans and credit builder loans, which can help improve credit scores. Loyalty discounts are available for members with other accounts and those who maintain a strong repayment history. However, it lacks features like autopay discounts and direct creditor payments for debt consolidation. Membership is accessible for residents of select Northern California counties or through an association membership, making it a viable option for many.
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