Personal Loans - Knoxville TVA Employees Credit Union

We’re Here When Life Happens

Sometimes life moves fast. Whether it’s an unexpected expense or a big opportunity, our personal loans help you move forward with confidence.

Simple
Apply online, by phone, or in person.
Fast
Get your decision quickly. We process loans in-house, so you often get an answer the same day you apply.
Flexible
Choose the payment option that fits your life so you can focus on what’s next.

Credit Builder Loan ¹
Whether you want to buy a car, apply for a home loan, or qualify for better rates, a credit score opens doors for you. A KTVAECU^® Credit Builder Loan helps you build or rebuild your credit score and set aside savings at the same time.

How it works: With KTVAECU Credit Builder Loan, borrow up to $3,000.00 at a competitive rate of 2.15% APR*. The borrowed amount is set aside for you in a secured savings account while you make monthly payments. Each time you make an on-time payment, the amount minus the interest charged becomes available to you in your account.

NO upfront cash needed
NO initial deposit needed
NO down payment needed
NO credit score minimum requirement

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Grow Your Credit Score and Your Savings
We report each on-time payment to the credit bureaus to help you build or rebuild your payment history. Payment history makes up to 35.00% of your credit score, and on-time payments positively affect your credit score. Many Members see results after six months of on-time payments.

Earn While You Pay
Your Credit Builder Loan helps you save too! The money you initially borrow is set aside for you in a secured savings account. You will earn dividends while helping to build or rebuild your credit score!

No monthly fee with eStatements ²
Withdraw available funds any time
Dividends accrue daily; compound quarterly

Track Your Progress
Watch your credit score grow with FREE Credit Score in digital banking!

Share Secured Loans ³

Build your credit score while you keep your money safe. Share Secured Loans let you borrow against funds already in your account. It's a secure, low-risk way to grow your credit and your savings.

How it Works: You pledge a matching amount of funds in your account. We put these funds on hold and provide you a loan for the amount. As you repay your loan, the paid amount (minus interest) becomes available in your account.

Each payment reported to the credit bureaus
Dividends accrued based savings account or certificate

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Signature Loans ⁴ , ⁵

Handle big purchases or unexpected expenses with one simple loan. A Signature Loans gives you fast access to cash. Use it for vacations, furniture, car repairs, and much more!

How it Works: Borrow all the funds at once and pay them back over a predetermined period of time. Signature Loans are unsecured personal loans, so you don’t need to have matching funds or collateral. Approval and limits are based on credit score and financial history.

APPLY NOW

Consumer Loan
Payoff Address

Knoxville TVA Employees Credit Union Loan Payoff
PO Box 36027
Knoxville, TN 37930

Include account number in the memo.

Consumer Loan
Payment Coupon
Write your account number on your check or print the payment coupon template and return it with your monthly payment.

PRINT PAYMENT COUPON

Mortgage Loan Payment

Payment Mailing Address
PO Box 36027
Knoxville, TN 37930

PAYOFF PORTAL

Payment Protection ⁶

Life is unpredictable. Debt Protection with TruStage™ offers a safety net for your loans during unexpected life events such as illness, hospitalization, loss of life, and more. Debt Protection can be added anytime during the life of the loan and can offer peace of mind for yourself and your family members.

For more information or to add Payment Protection, call us at (865) 544-5400.

Skip-A-Payment ⁷

Member accounts in good standing can apply to Skip-A-Payment for a $35.00 fee after making at least three payments on their loan. Skip-A-Payment can be used two times per 12-month period.

LEARN MORE

Disclosures

¹ APR = Annual Percentage Rate. Terms up to 36 months. Minimum payment $25.00 per month. Rates subject to change. Rate can change after consummation. Membership must be 90 days or older to qualify. Some restrictions may apply. Ask for details. Payment example for Regular Share Account: 36 monthly payments at 2.10% APR is $28.69 monthly payment per $1,000.00 borrowed.

² Receive a paper statement in the mail for $2.00 per month or enroll in free eStatements (electronic statements). Members under the age of 18, Senior Member Accounts, and department SSI excluded. Ask for details.

³ APR = Annual Percentage Rate. The APR may increase or decrease during the term of this loan based on the changes in an interest rate index. The index is the dividend rate or current earnings rate paid on the account on the date of the advance plus 2.00%, up to the maximum APR of 18.00% or the maximum rate allowed by the law. Any increase in APR will result in more payments. Rate subject to change. Rate can change after consummation. Payment per $1,000.00 is for example purposes.

⁴ APR = Annual Percentage Rate. Some restrictions may apply. Published rates are the lowest rates available for each loan type. Your rate may vary, based on creditworthiness, amount financed, and loan terms. Ask for details. Payment per $1,000.00 is for example purposes.

⁵ APR = Annual Percentage Rate. Some restrictions may apply. Published rates are the lowest rates available for each loan type. Your rate may vary, based on creditworthiness, amount financed, and loan terms. Ask for details. The APR may increase or decrease during the term of the loan based on changes in an interest rate index. The index is the 24-month certificate account rate paid by the CU on the last day of the previous calendar quarter plus a spread determined internally by the Credit Union. Any increase in APR will result in more payments. Rate subject to change. Rate can change after consummation. Payment per $1,000.00 is for example purposes.

⁶ Payment Protection is available through third-party partner TruStage™. Must be age 18 or older to apply. These products are optional. Insurance products are not a deposit or obligation of or guaranteed by Knoxville TVA Employees Credit Union or its affiliates. These products are not insured or guaranteed by NCUA or any agency of the federal government. Your credit approval cannot be conditioned on whether you purchase any of the insurance products. Some exceptions apply. TruStage™ is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union and MEMBER'S CHOICE credit life and credit disability insurance underwritten by CMFG Life Insurance Company.

⁷ Skip-a-Payment Disclaimer - Skip-A-Payment is not valid on real estate loans, business loans, line-of-credit loans, or credit cards. $35.00 fee applies to each skip-a-payment. All qualifying loans must be current and in good standing. Maximum number of 2 skips are allowed per rolling 12-month period. Back-to-back skips are allowed if qualifications are met. Ineligible loans will not be deferred. Credit Union will not be responsible for any payments, deposits, or other communications of forms lost in the mail. Skip-A-Payment is subject to Credit Union approval. By utilizing Skip-A-Payment, you acknowledge that KTVAECU will be extending your loan and final payment by one month on each loan designated. Interest will continue to accrue on your loan during the month that you skip your payment. If a GAP Waiver insurance policy was purchased at the origination or during the course of the loan, doing any Skip-A-Payment may have an adverse impact as to how a GAP claim is paid by the GAP insurance carrier. The Credit Union will not be liable for any denial of GAP benefits created by Skip-A-Payment products.