Personal Loan

Bring your plans to life and have some fun with a Nassau Financial personal loan - the perfect way to fund your dreams and make them a reality!

Apply for a personal loan

Whenever the need to borrow money arises

Whether you need funds for a major purchase, want to consolidate debt or simply want access to money when you need it, Nassau Financial offers flexible personal borrowing options for members across Long Island.

Personal Borrowing

Find the Right Way to Borrow

Personal Loan

Borrow a set amount with predictable monthly payments and a clear payoff date. A personal loan can help cover larger expenses, consolidate qualifying debt, make home improvements or handle life's unexpected costs.

Fixed repayment term
Terms from 24 to 60 months
No prepayment penalties
Auto Pay and Direct Deposit rate discounts

Apply for a Personal Loan View Current Rates

Borrow $1,000 - $40,000

Terms 24 - 60 Months

Best For One-Time Expenses

01 / Ongoing Access

Signature Line of Credit

Keep a source of credit available for planned purchases or unexpected expenses and borrow from your available line when you need it.

Use funds as needed
No application fee
No prepayment penalty
Auto Pay and Direct Deposit rate discounts

Apply for a Line of Credit →

02 / Use Your Savings

Secured Personal Loan

Borrow against eligible savings while keeping those funds on deposit. A secured loan may also be an option for members looking to establish or rebuild credit.

Use eligible savings as security
Preserve funds on deposit
May help establish or rebuild credit
Flexible secured borrowing options

Visit a Branch to Apply →

Why Nassau Financial?

Borrow With More Flexibility

Personal borrowing should be easy to understand. Our options give members different ways to access funds while keeping repayment and long-term financial goals in mind.

No Prepayment Penalty Pay your loan off early without a prepayment penalty.

Flexible Terms Select a repayment term that works with your budget.

Relationship Discounts Rate discounts may be available with Auto Pay and Direct Deposit.

Local Support Get help from a Nassau Financial team member when you need it.

Personal Loan Questions

Frequently Asked Questions

Learn more about personal loans, borrowing limits, repayment and how to get started.

What is a personal loan?

A personal loan provides a set amount of money that is repaid over a fixed period of time. Personal loans can be used for many purposes, including qualifying debt consolidation, home improvements, major purchases and unexpected expenses.

How much can I borrow with a Nassau Financial personal loan?

Personal loan amounts range from $1,000 to $40,000. The amount and terms you qualify for depend on your credit history and other underwriting criteria.

What personal loan terms are available?

Nassau Financial personal loans are available with terms from 24 to 60 months. Your available rate and term will depend on your credit profile and other eligibility requirements.

Can I use a personal loan to consolidate debt?

A personal loan may be used to consolidate eligible debts into one monthly payment. Existing loans or balances at Nassau Financial cannot be refinanced or paid off using a new Nassau Financial signature loan.

Are there prepayment penalties?

No. Nassau Financial personal loans do not have a prepayment penalty, so you may pay additional principal or pay your loan off early.

Can I receive a lower rate with Auto Pay or Direct Deposit?

Published personal loan rates include discounts for Auto Pay and Direct Deposit. Rates may be higher without those relationship discounts.

What is the difference between a personal loan and a line of credit?

A personal loan provides a specific amount up front and is repaid over a set term. A line of credit provides ongoing access to an approved credit limit, allowing you to borrow from the available line when needed.

What is a secured personal loan?

A secured loan uses eligible funds on deposit as collateral for the loan. This allows you to borrow while keeping your savings on deposit and may provide an option for establishing or rebuilding credit.

How do I apply for a personal loan?

You can apply for a personal loan online. Members interested in secured borrowing can also visit a Nassau Financial branch for assistance.

Learn more about our Personal Loans

Personal Loan

Need to borrow money? We'll help you find the right product to meet your needs and empower you to chart your own successful financial future. Unlike a bank's personal loans, at Nassau Financial, you are not a customer; you're an owner. Because we do not have shareholders, we pass profits along to our members/owners in the form of lower rates - lower than personal bank loans.

Apply for a personal loan

^{*APR=Annual Percentage Rate. Offer for new signature loans (personal loans) at Nassau Financial only. Rate includes discounts for Auto Pay & Direct Deposit. Rates may be higher without AutoPay & Direct Deposit. Refinancing or payoff of outstanding balances at Nassau Financial is prohibited. All loan types, rates, terms and offers are based on applicant's credit history. Minimum loan amount is $1,000; maximum loan amount is $40,000. Nassau Financial’s cumulative unsecured loan &/or line of credit balance maximum is $40,000. Rate offer quoted, Terms & Conditions may change at any time.}

Signature Line of Credit

Learn More About a Signature Line of Credit from Nassau Financial

Nassau Financial offers a personal line of credit that can be easily set up and ready when you need it. You may apply for your own signature line of credit anytime and, once approved, you only pay interest on the amount you use. There is no set-up charge or annual fee.

Signature Line of Credit from Nassau Financial

Need cash to make a purchase or for any worthwhile purpose? A Nassau Financial loan or line of credit could be right for you. Borrow up to $40,000².

Apply for a Line of Credit Today

^{*APR=Annual Percentage Rate. Rate includes discounts for Auto Pay & Direct Deposit. Rates may be higher without AutoPay & Direct Deposit. All loan types, rates, terms, and offers are based on applicant's credit history. **Minimum line amount is $500. Nassau Financial’s cumulative unsecured loan &/or line of credit balance maximum is $40,000. Rate offer quoted, Terms & Conditions may change at any time.}

Secured Personal Loans

Looking to establish credit? A personal secured loan from Nassau Financial Federal Credit Union may be the answer. Secured personal loans are guaranteed or secured by money in your personal savings or certificate account. This is an attractive loan option for many as it provides a low-risk way to obtain money needed for home or car repairs or any sudden financial need.

What You Need to Know About Secured Personal Loans

An attractive aspect of personal secured loans is you continue to earn interest on the money you have pledged as collateral for the loan.

Also, a secured loan is a great way to establish credit if you have never had a loan or credit history. Repaying a secured loan as agreed helps you build a strong credit profile.

The application process for a personal secured loan is simple, straightforward and quick. Your Nassau Financial Federal Credit Union Personal Service Representative can answer questions you may have and help you get started right away. Visit a branch, or call us at 516-742-4900 to apply.

If you have funds in your Nassau Financial Savings or Certificate Account to pledge as security for a loan, this option may work for you.

Visit a branch to apply