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Unsecured Signature Loan

The smart way to borrow money for a large-ticket item.

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Unsecured Signature Loan Interest Rate  APR 
Unsecured Signature Loan 9.49% 9.49%

Rates effective as of September 25, 2019, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.

Unsecured Signature Loan


  • Fixed payment each month instead of revolving line like a credit card
  • Convenience to purchase a large-ticket item you can’t buy with a credit card
  • Consolidate loans, take dream vacations, or pay off your credit cards


  • No prepayment penalties
  • Available balances up to $25,000
  • Borrow $4,000 for less than $100/month1
  • Apply online in as little as 10 minutes
  • Get cash in your account in as little as one business day


Our experienced, helpful member service team is ready to support you!


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What is the Difference Between an Unsecured and Secured Loan?


Unsecured Loan

  • Quick process for lower lending amounts
  • Typically has shorter terms
  • Not tied to collateral

Secured Loan

  • Connected to a piece of collateral
  • The lender can take possession of the collateral if you do not repay the loan as agreed
  • Typically has lower interest rates
  • Can be easier to get if you need to rebuild credit



Why Consider Elements for an Unsecured Signature Loan


Elements Financial is a credit union. That means we’re like a bank, only better! Securing your mortgage through Elements Financial means you will benefit from:

  • Better rates & fewer fees – On average, an Elements Financial member saves an estimated $309 each year compared to customers elsewhere.2
  • Personal attention – Headquartered in Indianapolis, with member service available 24/7.
  • Today’s technology – We offer online banking, making it easy to pay your mortgage every month.
  • Heritage – With nearly 90 years of experience building and nurturing lifelong relationships with members.
  • Seasoned professionals – Our experienced team will walk you through the mortgage and home equity processes, step-by-step.
  • Credit counseling – If you're working toward a mortgage application, pursue our confidential and supportive assistance to develop healthier financial habits for life.

Frequently Asked Questions


Q: Does Elements Financial offer debt consolidation loans?
A: We do offer consolidation loans for our members to consolidate bills and pay off other debts. There are several options available to most members. This may include Personal Loans like the Unsecured Signature Loan on this page, a Home Equity Loan, a Home Equity Line of Credit, or even a first mortgage refinance with a debt consolidation option.

How to Get Started


You can apply online in as little as 10 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to apply:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Social Security number

What to expect during the application process:

  1. We’ll contact you no later than 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll contact you with a decision within 10 business days.
  3. That’s it – your Elements Unsecured Signature Loan can be put to work!

What Will My Loan Payments Be?

Unsecured Signature Loan Calculator


You Might Find Helpful

  1. 1 Monthly payment based on $4,000 Unsecured Signature Loan at 9.49% fixed Annual Percentage Rate (APR) for 48 months with 0.25% rate discount for automatic deduction of payments. Rate will vary based on credit score. Subject to credit approval. Not all applicants will qualify for the lowest rate. Elements Financial reserves the right to modify or end the offer at any time. Additional conditions may apply.
  2. 2 Competitive Values are estimated by comparing historical savings and lending rates at Elements Financial and at the five banks and credit unions with the largest market share in Central Indiana; data valid as of 6/30/2019.