sascu Personal Loans
this credit union personal loan from 8.9% APR: loans from $1,000 to $75,000 with same-day decisions and no collateral requirement.
The Banking Essentials: Loans
- Personal loans at this credit union start at 8.9% APR and go up to $75,000.
- No collateral, no processing fee, and no penalty for early repayment.
- Decisions arrive the same day for members with a chequing account.
- Funds are deposited within 24 hours of approval.
Personal Loan Options
Unsecured term loans, secured loans against savings, and fixed-sum payment loans.
the platform offers three personal loan formats: unsecured term loan (the most common), secured loans against your savings or GIC at a lower rate, and instalment home-improvement loans.
Every personal loan has no early-repayment penalty, so you can clear it when the budget allows. The loan term is 1 to 5 years.
| Loan | APR from | Amounts | Term |
|---|---|---|---|
| Unsecured term | 8.90% | $1k-$75k | 1-5 years |
| Secured (savings) | 6.90% | $500+ | 1-5 years |
| Home improvement | 9.90% | $2k-$50k | 1-5 years |
How to Apply
Apply online in 10 minutes and see a decision the same day.
The this credit union digital application asks for the amount, purpose, and two most recent pay stubs. Existing members skip the paperwork because the credit union already has income verification on file.
- Sign in or open online banking
- Choose Personal Loan and enter amount
- Confirm employment and current debts
- Accept the rate offer once shown
- Receive funds next business day
What Moves Your Rate
APR depends on debt-to-income, history with our team, and whether the loan is secured.
The quoted 8.9% applies to members with strong the platform relationships and a good credit file. Score bands move the rate between 8.9% and 19.9%. For comparison, a $10,000 loan at 8.9% over 3 years costs about $318 per month.
Securing with savings or a GIC can cut the rate by 2 points, and using the exact same payment setup as a sascu credit card keeps reporting smart.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- APR from: 8.90%.
- Maximum: $75,000.
- Funding: 24 hours.
These loan rates do NOT apply to business or vehicle loans, which price off separate grids. Our first loan application had seven documents; cutting the list to two items raised completion by 40% in 2025.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
sascu pricing put a $0 monthly fee in front of me after eight years at a big bank.
The savings rate pays meaningfully more on our operating reserve than the bank ever did.