Personal Loans

Personal Loans

SPE can customize a loan to meet your needs—whether it’s a bike to get around Penn State, improvements to your home, or anything in between.

And we handle all loan decisions and processing personally. So you can get on with your day-to-day, assured that your needs are being handled promptly.

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Personal Loan Details:

  • Competitively low rates and closing costs for a number of needs
  • Flexible terms, customized to your situation
  • A wide range of terms and lending options
  • Fixed interest rates on unsecured loans
  • Borrow up to $25,000
  • Terms up to 5 years
  • Local decision-making and processing
  • Helpful, personalized service throughout the entire process

Bicycle Loans

Take advantage of competitive rates on our specialized bike loans.

  • Competitively low rates and closing costs for bicycle purchases
  • Flexible terms, customized to your situation
  • Fixed interest rates
  • Minimum loan amount $250
  • Maximum loan amount $4,000
  • Local decision-making and processing
  • Helpful, personalized service throughout the entire process

Share-secured Loans

Get financing for your future based on your savings history in the past. By securing your loan with an SPE savings account, you can receive our lowest rates for a wide range of personal needs.

  • Our lowest rates and low closing costs for a number of needs
  • Deposited funds within SPE act as your collateral
  • Funds continue to earn interest
  • No need to draw from savings
  • Can be used to build or restore good credit
  • Flexible terms, customized to your situation
  • Local decision-making and processing
  • Helpful, personalized service throughout the entire process

Line of Credit

Have a solution to needs before they even arise with an SPE Line of Credit. Draw from your line at any time, reusable without reapplying. Best of all, you only pay interest on the part that you use.

  • Competitively low rates and closing costs for a number of needs
  • Instant access to funds, whenever you need them
  • Reuse without reapplying
  • Only pay interest on the part used
  • Flexible terms, customized to your situation
  • A wide range of terms and lending options
  • Revolving line of credit
  • Borrow up to $20,000
  • Local decision-making and processing
  • Helpful, personalized service throughout the entire process