Consolidate credit card debt and save thousands with a lower interest rate.
Here’s a look at how much you would save in interest and pay off your balance sooner:
¹ Monthly payment and interest savings is an estimate for illustration purposes only. Savings based on the Credit Card Minimum Payment Calculator on Bankrate.com.
² APR = Annual Percentage Rate. Personal loans are subject to credit approval and individual rates and approved amounts will vary. Rates effective 8/1/2026 and subject to change at any time. Existing Texell loans not eligible for refinance.
³ Monthly payment example based on $10,000 borrowed at 9.99% APR for 54 months and includes premiums for credit life insurance. Monthly payment per $1,000 borrowed is $23.07 based on a credit score of 740 or higher. Total cost of a $10,000 personal loan is $12,456.
² APR = Annual Percentage Rate. Personal loans are subject to credit approval and individual rates and approved amounts will vary. Rates effective 8/1/2026 and subject to change at any time. Existing Texell loans not eligible for refinance.
³ Monthly payment example based on $10,000 borrowed at 9.99% APR for 54 months and includes premiums for credit life insurance. Monthly payment per $1,000 borrowed is $23.07 based on a credit score of 740 or higher. Total cost of a $10,000 personal loan is $12,456.
Frequently Asked Questions:
How do I make a payment on my Personal Loan?
There are several ways to pay your Personal Loan:
- A loan expert can set up automatic payments for you when you get your Personal Loan, and you will never have to worry about making a payment again.
- Transfer funds anytime using Digital Banking. You can transfer funds from your Texell checking or savings account or an account at another financial institution.
- You can pay your loan with a debit card from another financial institution.2
- You can also mail a check, call a representative, or visit any branch to make your loan payment.
How much can I borrow?
Personal Loan amounts will vary by individual and depend on several factors, including what the loan is for, your credit score, and your ability to repay the loan.
When will I receive the funds from my Personal Loan?
In most cases, you will receive your funds on the same day your loan is approved. You can have your funds deposited into your Texell account or sent to your account at another financial institution. It is up to you. If you are consolidating debt, we'll even send the funds directly to your other creditors.
What is payment protection?
You can protect your Personal Loan with Credit Life and Credit Disability coverage.
Credit Life Insurance — This insurance policy pays off the loan balance to the credit union. It offers a Funeral Concierge service in case of the member's death.
Credit Disability Insurance — This insurance policy makes the monthly loan payment to the credit union to reduce or pay off a loan if the member becomes disabled by a covered sickness or accident.
What is Skip-a-pay?
Sometimes you need a break from paying your loan every month to free up money for other uses. With Texell's Skip-a-pay, you can skip your eligible loan3 payment twice every 12 months.
Skip-a-pay is available for a low processing fee of $25 when you use Digital Banking. To take advantage of Skip-a-pay, simply login to Digital Banking and follow these simple steps:
- From the dashboard, click on the loan you want to skip.
- Select the "Skip-a-pay" button.
- Next, select the loan payment you would like to skip. Note: all your eligible loans will be displayed here.
- Select the Texell account where the $25 Skip-a-pay fee is being deducted.
- Agree to the Skip-a-pay terms and conditions.
- That's it! You will receive a confirmation screen and your loan payment is skipped.
Additionally, you can select "Skip-a-pay" as a payment option when making a regular payment.
If you do not wish to utilize Digital Banking to save $10, you can fill out and submit this Skip-a-pay form. The processing fee for this option is $35 per loan.
Can I get a Secured Loan even with poor credit?
In most cases, poor credit will not preclude you from getting a secured loan because you're securing the loan with an asset.
What account should I use to secure the loan?
It depends, but a good rule of thumb is to use a certificate of deposit if you won't need the money for the term of the certificate. Using a certificate of deposit will allow you to receive a higher dividend rate on your funds.
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