Ready to take a slice out of high-interest debt, need extra funds for a vacation, or just need help covering unexpected expenses? A personal loan from Pelican has you covered!
Apply Using Video ChatOur personal loans are just that—personal. Unsecured loans can be used for vacations, school expenses, extra cash, emergencies or anything you need.
Check out our current rates to learn more!
Give yourself a break from constant financial woes—an affordable debt consolidation loan from Pelican can put you on the path to being debt-free.
Use your savings account to secure a loan with Pelican. Share Pledge Loans can establish or repair credit, helping you hit your financial goals. 3 View the complete list of benefits for Share Pledge Loans.
This loan type gives you access to a revolving line of credit. Get started with a simple signature! Limits range from $1,000 all the way up to $10,000. View the complete list of benefits for a line of credit.
Most Pelican members who get approved for a personal loan receive their funds within 1 business day! 2
Personal loans are also known as "Signature Loans," because loans are secured by a member's signature. Unlike a home or auto loan, there's no collateral at stake when you secure a personal loan.
Use your Signature Loan to make headway on major payments, with no maximum loan amount. Just sign the dotted line and get the funds you need to facilitate life's next logical step.
Department Store Credit Card
Total Due
$440.19
Pelican State CU Loan Payment
$305.82
| Term | Rates as low as | APR as low as* | Sample amount | Est. monthly payment (max term) |
|---|---|---|---|---|
| 0-6 months | 9.99% | 15.37% | $1,000 | $171.47 |
| 7-12 months | 10.25% | 11.21% | $3,000 | $264.00 |
| 13-24 months | 11.49% | 11.79% | $5,000 | $234.12 |
| 25-60 months | 12.49% | 12.53% | $15,000 | $337.32 |
| 61-72 months | 14.49% | 14.52% | $20,000 | $417.30 |
Curious about when it makes sense to get a debt consolidation loan? Find out on this episode of #AskPelican:
Ascension, Assumption, East Baton Rouge, East Feliciana, Iberville, Livingston, Point Coupee, Rapides, St. Helena, St. Landry, St. Tammany, West Baton Rouge, or West Feliciana
1 Pelican State CU membership required to close a loan with Pelican. If you are not a Pelican member, you must be eligible to open a Primary Share account with Pelican to become one. The deposit to open a Primary Share account starts at a minimum of $10 ($5 to join + $5 minimum balance). Credit approval is based on certain credit criteria and credit worthiness. Not everyone will qualify. Restrictions apply. See a Pelican representative for details.
2 Based on 65.70% of unsecured loan applications approved and funded between May 01, 2024 and July 31, 2024, 35.98% members received their funds on the date of application and 29.72% received it one business day after.
3 There is no guarantee that your credit score will improve with secured lines of credit.4 Scenario listed above is just an example, and savings/rate/amount and term will vary for each member and savings are not guaranteed. The payment examples listed above were calculated as follows: 2% of Credit Card balance of $6,500; 2% Department Store Credit Card balance of $4,009.54; Finance company has a rate of 36% APR, a term of 18 months, and a balance of $3,163.31. The consolidated payment of $305.82 was calculated with a rate of 12.24%, a term of 60 months, and balance of $13,672.85, resulting in 12.29% APR. APR = Annual Percentage Rate. Not everyone will qualify for the advertised APR. Estimated payment may vary if credit protection products are added to loan.
