Personal Loans FAQ

Do I need to tell my lender what I want to do with the funds?

Personal loans provide you with a great deal of flexibility. In most cases, you don’t have to share with us how you plan to use the funds.

Do I have to be a member to get a loan with GHS?

Yes, our loans have discounted interest rates and no fees as a special perk to our members. Learn more about our checking accounts.

Become a member today!

What interest rate will I get for my personal loan?

There are several factors that go into individual interest rates, and there is a range of rates that you may receive. If you’ve applied online, one of our trusted loan officers will contact you to complete the application and tell you your personal interest rate and why that rate was chosen.

Can I consolidate multiple debts or debts from other financial institutions using a GHS Federal Credit Union personal loan?

Yes. When working with a GHS loan officer, let them know you’re interested in consolidating debt into one loan with a lower interest rate and one monthly payment. GHS may even be able to take the leg-work out of consolidating and pay off your debts directly!

Why Consider A Personal Loan?

When you use a personal loan responsibly, it can be a smart and highly cost-effective way to secure credit. That’s because the interest rate on a GHS Federal Credit Union personal loan is typically less than on a credit card. This allows you to achieve personal goals without risking financial trouble.  Additionally, GHS personal loans come with a low fixed rate and terms of up to 60 months. So you can better budget your payments – while making the purchases you’ve planned for or the unexpected ones.

Loans with added peace of mind

Credit life insurance and credit disability insurance are also available on GHS personal loans. These policies pay on your loan should you die or become disabled. Learn more about Debt Protection or talk to your loan officer.