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July 11, 2019
Need Extra Cash? Here’s Why a Grow Personal Loan is the Perfect Solution
Getting where you want to go in life takes financing. And, sometimes, life takes an unexpected turn where you suddenly need some extra financing. A Grow personal loan can be just the thing to get you back on track.
Oh, and a personal loan isn’t just for emergencies. You can use the money for any reason. For example, consolidating debt into a single monthly payment. Or for making a big purchase you’ve been putting off and want to pay off in terms that fit your budget.
Personal Loan Advantages
- Interest rates are usually lower than a cash advance on a credit card.
- Flexible repayment in monthly installments, similar to an auto loan.
- Easier application than a Home Equity Loan or Home Equity Line of Credit.
Grow Personal Loans
- Shared Secured Loans, where you can borrow up to 100% of the funds you have on account with us. Interest rates are variable if you’re borrowing against your Basic Savings Account or a Club Account; and fixed when borrowing against a Certificate Account.
- Signature Loans for creditworthy members, which are unsecured personal loans in amounts starting at $500 and available at fixed interest rates.
- Overdraft Protection Loans*, which are unsecured revolving loans where funds are only withdrawn to cover overdrafts. The minimum amount available is $500 with a maximum of $1,000, and funds are automatically transferred to your account in $50 increments.
Easy, Online Application
Grow personal loans offer you affordable financing to help smooth out life’s little rough spots, or if you just want to live a little. All you have to do is decide which loan is right for you, then apply!
Subject to credit approval.
*This is an unsecured, revolving loan that is only available to cover an overdraft and is transferred to a member’s account in increments of $50.
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How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733You Are About To Leave GrowFinancial.org
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