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We could all use a little extra cash to get us through a major purchase, an unexpected expense or a milestone event. Applying for a personal loan is one of the quickest and easiest ways to get money into your bank account.

When you apply for a personal loan with EXCEL, you can receive your money as soon as the next business day. We offer affordable interest rates and expert advice, so there’s no need to suffer through the high fees of an untrustworthy payday lender.

You can easily apply for a personal loan through our website. Though these loans aren’t for everyone, they could be a great solution to provide you with extra cash at an affordable rate.


Personal (or Signature) loans allow you to borrow small amounts with short-term or moderate-term payment options. There are two main types:


Unsecured: do not require collateral


Secured: do require collateral

Most personal loans are unsecured, so we at EXCEL typically do not require collateral such as a savings account to approve your loan.

We can approve your loan within one day or less. These loans have a lower interest rate than other types of loans, and their payment terms are generous. This makes them easy to pay back for most people. Also, taking out a loan may positively affect your credit score if you repay on time.

Have questions? We’ve got answers! Here are some FAQs. 


Installment loans are a type of personal loan that has a longer term than others. Many people opt for an installment loan if they need more generous payment terms to repay the loan and don’t mind paying the long-term interest rate. We offer installment loans through our website, and you can receive your loan by the next business day.


EXCEL is flexible in approving loans for a variety of purposes. Many people use the money they borrow to pay for things like:

  •         Medical bills
  •         Home repairs
  •         Wedding costs
  •         Funeral payments
  •         Furniture or large appliance purchases

People also use this money to consolidate credit card debt. This may affect your credit score in a positive way since you will be repaying your debt at a fixed rate, which can lower your credit utilization as you diversify your debt types.

We will need to know the purpose of your loan to approve your application in case another type of loan, such as a business option, might better suit your needs.


Many people believe that receiving a payday loan or one from a third party will allow them to secure a small amount of money more easily than applying for a personal loan. However, personal loans are financially smarter options for several reasons:

  1.   Lower interest rates
  2.   More flexible payment terms
  3.   Positive effect on your credit score

 Overall, these loans are cheaper and easier to pay back than borrowing funds from a payday lender or third party. Next time you think about visiting a payday lender service or borrowing from a friend, consider applying for a personal loan instead.


You can apply for a personal loan right on our website. To apply with EXCEL, you will need to be a member of the credit union. You can become a member on our website too.

To begin the application process for your loan, you’ll need to provide a few pieces of information:

  • Social Security Number (SSN), EIN or TIN
  • Driver’s license or other form of government issued ID
  • Address
  • Phone Numbers
  • Employment information
  • Estimates of income

 You will then finish out the application by specifying the purpose of your loan. We will review your application quickly so that you can get your loan amount as soon as the next business day.

Applying for a personal loan on our website is an easier process than going into the branch to apply in person. Our application process will walk you through each of the steps, and you can be sure you have all of the information you need before you start the application.

Many people prefer applying online because of the ease and convenience, but if you would rather meet with a loan officer in person, you can schedule an appointment at one of our branches during business hours.


Applying for a loan through our website is just as safe as applying for one in person. The process is the same, and we use tight security protocols to ensure the safety of your information every time you log into our website. Applying through our website expedites your application by sending it directly to our review team, so you can receive your funds in your account much sooner than you could with an in-person application.

We use encryption technology to keep your payment information secure every time you visit our site. You can trust Excel FCU to provide you with a trustworthy financial experience when you apply for a loan on our site.


These loans are some of the easiest options for which to qualify, and we accept most of our applications.

However, the interest rates for each person’s loan may vary based on several factors:

  • Credit score: Your credit score takes into account your entire financial history. The higher your credit score, the lower your interest rates will be. You can still qualify for a personal loan if you have lower credit, but your interest rate may be less optimal in this case.
  • Credit report: Your credit report will tell us financial information that your credit score does not, such as bankruptcy, foreclosure, and delinquent payments. If your credit report comes back clean, you may qualify for a low interest rate. Just as with a low credit score, a poor credit report does not disqualify you from receiving a loan, but it does affect your interest rate.
  • Income: We want to make sure you can repay your loan, so we will look at your debt-to-income ratio to see if our payment will compete with other debts, such as credit card debt. If you have sufficient income and few debts, you will likely qualify for a lower interest rate.

If you do have a low credit score, receiving a personal loan and making prompt payments can help improve your credit. However, you may want to improve your credit before you apply in order to get the best interest rates.


The loan amount for which you can qualify may vary. We offer options for anywhere from $2,000 to $50,000, but not everyone can qualify for the highest loan amount. Once you submit your loan application, we will process your information and contact you by the next business day to let you know if we’ve approved your loan amount. If we did not approve your application, you may be able to qualify for a smaller loan amount or a longer payment option instead.


Applying for a personal loan can be quick and easy when you use the application on our website. You can have money in your account within one business day, so you’ll be ready to begin your home renovation process, start paying medical bills, plan your wedding, or consolidate your credit card debt.

Call or text EXCEL today to speak with a member service representative about our application process, or click here to begin applying for your loan. 

*$1.00 EXCEL fee applies on ATM transactions through CUHERE and CO-OP networks.
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Found a loan that looks right for you? Let’s get started!