Personal Loan Rates

Choice One personal loans carry a fixed rate as low as 9.25% APR*, with terms up to 72 months and amounts up to $20,000. The posted rate already includes a .25% discount for Auto Pay from a Choice One share or share draft account. Where your rate lands depends on your credit, your income, what you already owe, and how long a term you pick, and it stays put for the life of the loan.

What “as low as” means on this page

The 9.25%* is the rate our best-qualified borrowers receive when they enroll in Auto Pay. It is a real rate, not a teaser, and it does not change once your loan is set up. Where you land depends on four things we look at with every application: how you have handled credit so far, what you earn, what you already owe, and how long a term you want. Stronger credit and a shorter term tend to land nearer the low end. If you skip Auto Pay, add .25% to whatever rate you are offered.

If you would rather know your number than guess at it, a Loan Representative at any branch can walk through your application with you before you commit to anything.

How much you can borrow, and for how long

A Choice One personal loan can be as large as $20,000. There is a second limit that matters just as much: the loan cannot exceed 20% of your gross income. Someone earning $60,000 a year could borrow up to $12,000. Reaching the full $20,000 takes a gross income of $100,000 or more. Both limits apply, and approval is subject to credit.

Terms run up to 72 months, which is six years. A longer term lowers the monthly payment; a shorter term costs less in total interest. Here is what $10,000 at the posted 9.25%* rate looks like across three terms:

*Payment figures are a hypothetical illustration based on the posted rate and do not represent a specific offer. Your rate, payment, and total interest depend on your credit, income, term, and loan amount. All loans subject to credit approval.

Secured or unsecured: which rate is yours

The rate above applies to our unsecured personal loan, the one backed by your signature alone. Choice One also offers a share secured personal loan, which uses your Choice One savings as collateral and typically carries a lower rate than the unsecured option. Your savings stay on deposit and keep earning while you borrow against them. If you are rebuilding credit or simply want the lowest rate available to you, ask about the share secured rate when you apply; it is quoted at the branch rather than posted here.

How to get the lowest rate you qualify for

Three things move your personal loan rate, and you control all of them.

Enroll in Auto Pay. The .25% discount is already built into the posted rate, so declining Auto Pay is the same as paying a quarter-point more. Payments come from your Choice One share or share draft account automatically.

Choose the shortest term you can comfortably afford. Shorter terms generally price lower, and they cut the total interest you pay by thousands over the life of the loan.

Check your credit before you apply. Your credit history is the biggest factor in where your rate lands. Choice One members have free, confidential access to GreenPath Financial Wellness coaching if your credit needs work before you borrow.

How to apply

You can apply online any time, day or night. If you have a question partway through, you can call (570) 823-7676 or stop in at any Choice One branch in Plains Township, Wilkes-Barre, Hazleton, Kingston, or Old Forge. Have your income information and a list of your current debts handy; it speeds up the review.

Not a member yet? You are eligible to join if you live, work, worship, attend school, or have a business in Luzerne, Lackawanna, or Wyoming County. Opening a Share Savings account with a $10 minimum deposit makes you a member, and once you are in, your immediate family can join too.

Personal loan rate questions

What is the current personal loan rate at Choice One? The current Choice One personal loan rate is as low as 9.25% APR,* effective 05/01/2026, and that figure includes a .25% discount for Auto Pay. Rates are subject to change, so the table on this page is the number to trust.

Is the personal loan rate fixed or variable? Choice One personal loan rates are fixed, so the rate you receive at closing is the rate you pay for the whole term. Terms run up to 72 months, and the rate is as low as 9.25% APR* for qualified borrowers.

What is the most I can borrow with a Choice One personal loan? The maximum personal loan amount is $20,000, and the loan also cannot exceed 20% of your gross income, whichever limit is lower.

Does the posted rate include the Auto Pay discount? Yes, the posted rate of 9.25% APR* already includes the .25% Auto Pay discount, so borrowers who do not enroll in automatic payments from a Choice One account will be offered a rate .25% higher.

Do I need to be a member to get this rate? Membership is required for any Choice One loan, and you are eligible to join if you live, work, worship, attend school, or have a business in Luzerne, Lackawanna, or Wyoming County. Opening a Share Savings account with $10 makes you a member.

Is a share secured personal loan cheaper than the rate shown here? A share secured personal loan typically carries a lower rate than the 9.25%* unsecured rate because your Choice One savings serve as collateral, and the exact secured rate is quoted when you apply.

*APR=Annual Percentage Rate. Rates shown are for qualified borrowers and are subject to change without notice. Rate shown includes a .25% discount for auto deduct from a Choice One share or share draft account. All loans subject to credit approval. Membership eligibility required. Membership is open to those who live, work, worship, attend school, or have a business in Luzerne, Lackawanna, or Wyoming Counties.