What are personal loans?

Personal loans are loans that can be used for anything you like. This flexible loan allows you to borrow money based on your credit worthiness. Personal loan products include both Personal Loan and Personal Line of Credit. View the current interest rates. There is no minimum loan amount required for a personal loan.

What are the current loan rates?

View our current loan rates.

Can I make principal only payments to my consumer loans?

Yes. You can transfer the funds online, at any Delta Community branch or, you can mail the payment to the Credit Union.

The first payment(s) of the statement cycle must satisfy any interest due for that period, and the balance will go to principal.  Any additional payments made after the interest has been satisfied may be applied as principal only.

For payment by mail:
Send your payment to PO Box 20541., Atlanta, GA 30320-2541. Please note that you are making a principal only payment and include your account number and loan ID.

Can I make a principal only payment on my mortgage loan?

Yes. A principal only payment can be applied to a mortgage loan.

Can a principal only payment be applied to a delinquent loan?

No. The loan must be current in order for a principal only payment to be applied.

Can I make a principal only payment to my personal line of credit or overdraft protection loan?

No. The ‘Pay to Principal’ option is currently available on consumer loans only and does not include credit cards, personal line of credit, or overdraft protection.

If I want to add on to an existing loan, do I need to enter the total amount of the loan or just the amount I want to add on to that loan?

If you have an existing personal or vehicle loan with Delta Community and would like to apply for additional funds online, log in to Online Banking and click on Apply for Loan under the Loans tab. In the Amount Requested field, enter the total amount, including the amount currently owed and any additional amount you are requesting.

In order to request cash out on a vehicle, you must have equity in the vehicle. Loan to Value may determine approval.

Will I get the same interest rate?

When requesting additional credit on an existing loan the current rate will be applied to the loan and the addition at which you qualify. This rate could be higher or lower than your existing rate depending on current rate availability and your current credit worthiness.

You can apply online by logging into your Online Banking account and choosing Apply for a Loan or Credit Card under the Loans tab. If you are applying for a limit increase for a personal line of credit or Visa credit card, contact us at 800-544-3328 to speak to a Member Care Center representative or visit any of our branch locations.

I am a new member. Would I qualify for a personal  loan?

All members are eligible to apply for loan products offered by the credit union. All applications are evaluated with the same criteria to determine credit worthiness and ability to repay. You can apply online today by logging into your Online Banking account choosing Apply for a Loan or Credit Card under the Loans tab.

Decisions on personal loans are only given once an application is submitted and reviewed.