Personal loans
Flexible loans for any purpose.
Sometimes life throws you a curve and you need extra cash. A personal loan from Ridgeline is a flexible way to borrow without putting up collateral, on the strength of your credit. And if you would rather pledge savings to get a lower rate, you can do that instead.
- No collateral required
- Up to $5,000
- Lower rate if you secure it
Current rates
Personal loan rates.
There are two ways to borrow. A signature loan is backed by nothing but your credit. A share secured loan is backed by money you already have with us, which is why it costs less.
Personal loans
Rates subject to change
| Loan | Term | Rate | Notes |
|---|---|---|---|
| Signature loan | Up to 5 Years* | 12.50%* | *ON APPROVED CREDIT ONLY. MONTHLY PAYMENT IS $25 OR 3.50% OF MONTH END BALANCE. |
| Share secured loan | Up to 7 Years* | 3% ABOVE EARNING RATE | The rate is 3% above the rate the shares you pledge are earning. |
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On approved credit only. Signature loans are limited to a maximum of $5,000.00 and the monthly payment is $25.00 or 3.50% of the month end balance, whichever is greater. Share secured loans are written at 3% above the rate the pledged shares are earning.
How the signature loan payment works
It is not a fixed payment, and that surprises people.
A signature loan does not have the same payment every month. Each month you owe $25.00 or 3.50% of what the balance was at the end of the month, whichever is the larger number. On a $3,000 balance that is $105. As you pay it down, the payment comes down with it, until it reaches the $25.00 floor.
You can always pay more than the minimum, and paying more is what gets the loan closed faster and costs you less interest. For a figure on your own situation, call (801) 328-1521 and ask for Missy Seare, our loan officer. She will run it with you Monday through Friday, 9:00 AM to 5:00 PM.
The example above is an illustration of the payment formula only. It is not a quote and does not include interest charges or any optional products. Your actual payment depends on your balance and your loan terms.
Why here
A loan decided by people who know you.
A personal loan is the one people are most nervous to ask about. Here you are asking someone at a desk in Salt Lake City, not an algorithm in another state.
One office, local decisions
Your application is read by a loan officer at 564 East 300 South in Salt Lake City. It does not get routed to a processing center somewhere else.
No collateral needed
A signature loan is backed by your credit, not by your car or your house. Nothing of yours is pledged against it.
Or secure it and pay less
Pledge a Share Savings or Certificate account and the rate drops to 3% above whatever those shares are already earning you. The money stays yours, it just cannot be withdrawn while the loan runs.
Easy terms and fast approval
Apply online, call us, or come in. However you start it, the file lands on the same desk and someone here works it.
A way to build credit
A small loan paid on time is one of the more straightforward ways to build a credit history, which is the same history that gets you a better rate on the next thing you borrow for.
A person to call after
Payoff quotes, payment questions, changing a due date. Call (801) 328-1521 Monday through Friday, 9:00 AM to 5:00 PM, and reach someone who can fix it.
The cheaper option
Borrow against your own savings.
If you have money in a Share Savings or Certificate account, you can pledge it and borrow against it instead. You keep the account and it keeps earning. You just cannot withdraw the pledged amount until the loan is paid off.
- A much lower rate than a signature loan
- Your pledged savings keep earning dividends
- Terms up to 7 years
Secure it with savings
- Rate 3% above the rate the pledged shares earn
- Term Up to 7 years
- Pledge Share Savings or Certificate account
- Approval On approved credit
- Ask for Missy Seare, loan officer
Your rate depends on what the pledged shares are currently earning, so it moves with that rate. Regular Shares currently earn 0.10% APY and Super Saver earns up to 1.26% APY. This is not an offer or a quote. Call and ask for Missy Seare for your actual rate and term.
Getting approved
Four steps from application to funds.
Apply online, call (801) 328-1521, or come into the office at 564 East 300 South. Whichever you pick, it lands on the same desk.
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Apply the way that suits you
Start the loan application online, call (801) 328-1521, or come into the office Monday through Friday, 9:00 AM to 5:00 PM.
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We read it here
A loan officer at the credit union reviews your application. If we need anything else to finish it, we call you.
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You get your terms
We tell you the amount, the rate, and the term you qualify for, and whether securing the loan with savings would get you a better number.
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Sign and get the funds
Sign the loan documents and we deposit the money into your account. On a share secured loan we place the hold on the pledged shares at the same time.
What to have handy
- A government-issued photo ID and your Social Security number
- Proof of income, usually two recent pay stubs
- Roughly what you need to borrow and what it is for
- For a share secured loan, which account you want to pledge
Not a member yet? Membership is open to anyone who lives, works, worships, volunteers, or attends school in Salt Lake City, Utah, and it takes a $25.00 share deposit. There is no online membership application. Complete one at our office, or call us at (801) 328-1521 and we’ll mail you one.
“The staff is so helpful, friendly, and knowledgeable, and they KNOW me. They are truly wonderful, and have honestly made my life easier in so many ways.”
Lenni S. · Google review
What members use them for
Whatever it is, you do not have to explain it twice.
We ask what the loan is for because it helps us structure it, not because some purposes are allowed and others are not.
Something unexpected
A repair, a medical bill, a deposit you need this week. Borrowing at a fixed rate from us is usually a better answer than carrying it on a credit card at a higher one.
Consolidating what you owe
Several balances in several places is hard to keep on top of. Rolling them into one loan gives you one payment and one date. Whether it saves you money depends on the rates you are paying now, so bring them in and we will work it out with you.
Something you planned for
A wedding, a trip, a move, a big purchase. A fixed loan with a known payoff is easier to plan around than an open line you keep dipping into.
Questions
Before you apply.
How much can I borrow?
A signature loan is written up to a maximum of $5,000.00 on approved credit. A share secured loan is limited by how much you pledge, so it can be larger if you have the savings to back it.
What is the difference between a signature loan and a share secured loan?
A signature loan is backed by your credit alone and nothing of yours is pledged. A share secured loan is backed by money you already hold with us in a Share Savings or Certificate account. Because our risk is lower, the rate is lower: 3% above whatever those shares are earning.
Do I lose access to my savings if I secure the loan?
The money stays in your account and keeps earning dividends. You just cannot withdraw the pledged amount while the loan is outstanding. As you pay the loan down, the hold is reduced.
Why is my payment different every month?
On a signature loan the monthly payment is $25.00 or 3.50% of the month end balance, whichever is greater. Because it is calculated on the balance, it goes down as you pay the loan off. You can always pay more than the minimum.
Do I have to be a member first?
Yes. Membership is open to people who live, work, worship, volunteer, or attend school in Salt Lake City, Utah, to businesses and legal entities located there, to members of record as of September 26, 2017, and to immediate family and household members. Joining takes a $25.00 share deposit. There is no online application, so complete one at the office or call and we will mail you one.
Does my credit score change my rate?
All of our loans are on approved credit only, and your credit history is part of the decision on whether we can make the loan and on what terms. If your credit is holding you back, a share secured loan is often the way in, and paying it on time is one of the better ways to rebuild.
Is there a penalty for paying it off early?
No. Pay it off whenever you are able. Call (801) 328-1521 for a payoff quote.
What about a bigger loan, or one against my house?
For a vehicle see Auto & RV Loans. For a mortgage or a home equity line of credit see Home Loans. Those are secured differently and the amounts and terms are not the same as a personal loan.
Loan disclosures
Rates shown are Ridgeline Credit Union's posted loan rates. The credit union does not publish an effective date for its loan rate schedule, and rates are subject to change without notice. All loans are subject to credit approval and membership eligibility. Posted rates are the lowest available and your rate may be higher.
Signature loans. ON APPROVED CREDIT ONLY. MONTHLY PAYMENT IS $25 OR 3.50% OF MONTH END BALANCE, WHICHEVER IS GREATER. MAXIMUM $5,000.00 ON APPROVED CREDIT. Terms up to 5 years. Because the payment is calculated on the month end balance rather than as a fixed installment, the amount due changes as the balance changes.
Share secured loans. Share secured loans are written at 3% above the rate the pledged shares are earning, so the rate varies with the dividend rate on the pledged account and may change after the loan is made. Terms up to 7 years. The pledged amount is restricted from withdrawal until the loan is repaid, and the pledged account continues to earn dividends at its posted rate. Share and checking dividend rates are variable.
Payment and rate examples shown on this page are illustrations of how the terms work. They are not quotes, not offers of credit, and not supplied as a representation of what you will be offered. Your actual rate, term, and payment depend on the amount borrowed, the security, and your creditworthiness.
Deposit rates referenced on this page are accurate as of August 31, 2026 and may change at any time. Regular Shares earn a 0.10% dividend rate and 0.10% APY on a minimum balance required of $50.00. Super Saver earns up to a 1.25% dividend rate and 1.26% APY on a minimum balance required of $20,000.00. APY = Annual Percentage Yield. Fees may reduce earnings.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Ridgeline Credit Union is an Equal Housing Lender. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act. Membership eligibility required. Routing Number: 324078417. NMLS #402443.