Dcu loan calculator4/6/2024 provides factual information about financial products. Low DTI ratio: It should be lower than 40% although some lenders will approve those with a debt-to-income ratio of up to 50%.High credit score: The minimum is at least 600 ideally, a score of 700 is better.Capacity to pay: For employed individuals, submit pay stubs or employer contact information for self-employed individuals, submit bank statements or tax returns. Proof of identity: Submit a copy of government-issued IDs such as driver’s license, passport, or birth certificate to prove that you are at least 18 years old and with a permanent US address.However, most lenders expect loan applicants to submit documents related to the following requirements: Is an immediate family member of any of DCU participating companies, organizations, and employersĭigital Federal Credit Union does not have a specific list of borrower criteria.Live, work, attend school, or go to church to any of DCU recognized communities.If you are not yet a member, there are different ways to join. Members and employees of Digital Federal Credit Union are the only ones eligible for their personal loans. Requirements for a Digital Federal Credit Union personal loan Discounts: 0.5% APR discount for automatic payments.Interest rates: From 8.49% to 18.00% APR.What you need to know about the basic features and benefits of a Digital Federal Credit Union personal loan: Rate discounts are available for those who set up automatic loan payments. Qualified borrowers can get a response within one or two business days. Digital Federal Credit Union personal loans at a glanceĪ personal loan from Digital Federal Credit Union can be a practical solution for your needs – whether it is to pay off existing debt, start a business, or build your credit history.
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