Personal Loans

Personal Loan Options

A personal loan is a great way to consolidate debt, finance home improvements or cover unexpected expenses. Our quick, affordable personal loan can give you the cash you need, when you need it.

Consolidation Loans

Consolidate higher-interest credit cards and loans into one small monthly payment with a Debt Consolidation Loan. You can cut your monthly costs and significantly trim your budget.

Share Secured Loans

Use the money you have on deposit with The Summit as collateral for a low-interest rate Secured Loan. We offer Share Secured, Share Certificate Secured and Money Market Secured Loans.

Memorial Loan

For families, losing a loved one can be hard, and unfortunately, expenses often arise. The Summit’s Memorial Loan program is our way to help ease your mind during this difficult time.

If you are navigating the journey of settling a former member’s accounts, our Deceased Member Guide can help.

Overdraft Protection/ Line of Credit

Having a revolving line of credit gives you peace of mind and the flexibility to access funds when and if you need them. The line of credit is tied to your account, so you’ll also get overdraft protection with no annual fees or transfer fees. And funds become available again as you pay down your balance.

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Home Improvement Loan Options

Home Improvement Loan

Have big plans for remodeling? Whether you’re planning full-scale changes or repairing your home, The Summit can make your home improvement projects more affordable than ever. With our low rates and convenient choice of terms, you can easily get the money you need for all your remodeling jobs.

Home Equity Loans

Have a home project or large expense? The best way to pay for it may be right under your feet: in your home’s equity. For bigger home improvement projects, debt consolidation, or paying a large bill like college tuition, a Home Equity Loan could be right for you. Learn more about which home equity option is right for you.

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Personal Loan Rates

Rates effective March 16 through March 31, 2023

Type	Term	Fixed APR* with Auto Payment**	Payment per $1,000	Fixed APR* w/Billing	Payment per $1,000
Personal	24	7.85%	$45.16	8.10%	$45.27
Personal	48	7.95%	$24.39	8.20%	$24.51
Memorial Loan	60	7.75%	$20.16	8.00%	$20.28
Consolidation	36	8.95%	$31.78	9.20%	$31.89
Home Improvement	60	7.55%	$20.06	7.80%	$20.18
College Wise	Varies	Variable rate – please call (585) 453-7000 or (800) 836-SFCU for most current rate

View our current Loan Rate Sheet for a full list of rates.

Get details on our Mortgages, Auto Loans and Home Equity products today.

Apply for a loan today

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For more information about our loan products, stop by a branch or call the Member Service Center at (585) 453-7000 or (800) 836-SFCU.

Need help determining payment options or how much you can afford to finance? Check out our convenient loan calculators.

Member eligibility required. All loans are subject to credit approval. Must be 18 years of age or older to apply. The Summit’s loan programs, rates, terms. and conditions are subject to change at any time. Variable rates available for all loan types.

The rates shown are the best rates available.

Not responsible for typographical errors.

* Annual Percentage Rate (APR) varies depending on your credit history.

** The automatic payment rate is only available when you authorize The Summit to automatically deduct payments from your Automatic Loan Payment Share account. To receive the automatic payment rate, the payment transfer must be from your Checking Account or Automatic Loan Payment Share account.

All home improvement loans $10,000 and over will require the following information to secure the loan:

Copies of hired contractor’s estimates to complete the work OR materials estimates from the merchant(s) from whom you plan on purchasing the supplies , if completing the home improvements yourself.
Copies of last two most recent pay stubs for all borrowers listed on application.
Self-employed individuals (and those who want other income to be considered in support of their application) must enclose signed and complete Federal Tax Returns (1040s, all schedules, partnership returns; if any) for the past two years.