City of Boston Credit Union offers Personal Loans up to $30,000, for times you need to borrow for unexpected expenses or to consolidate higher-rate loans. The amount you may apply to borrow is based on your years of work experience.  Any member who has at least five years of work experience or is retired will not need a co-maker if the applicant has a debt-to-income ratio of 45% or less (including the proposed loan obligation) and if they have good credit.

Personal Loans
Work Experience Maximum Amount Repaid Within
5 Years $30,000 8 Years
4 Years $10,000 8 Years
3 Years $7,500 8 Years
2 Years $5,000 8 Years
1 Year $2,000 8 Years
6 Months $500 8 Years

For current loan rates please click here. Contact the Credit Union for further information regarding terms and conditions.

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