Loans for larger purchases, from home renos to boats
Whether it’s a home reno, RV, boat, or another larger purchase, a YNCU loan gives you the money upfront and a clear plan to pay it back.
Terms from 1–7 years- Fixed or variable rate options
Trusted by 65K+ members
Borrow what you need. Pay it back over time. Set and done.
A YNCU Personal Loan gives you the money you need upfront, with regular payments you can plan for. Whether you’re consolidating debt, making home repairs, buying an RV or boat, or taking care of another bigger expense, you’ll know how much you’re borrowing and have a clear plan for paying it back. Unlike a line of credit, a personal loan comes with set payments and a set term, so you know what to expect and when you’ll be finished paying it off. Become a member and let us help.1
AccessChoose a repayment plan
Choose a repayment plan
A personal loan gives you a set repayment schedule, making it easier to understand how much you’ll pay and when your loan will be paid off. Your payment amount and term are based on factors such as the amount you borrow, the interest rate and your budget. Choosing a repayment term that fits your finances can help you balance manageable payments with the overall cost of borrowing.
SaveFind the rate that fits your budget
Find the rate that fits your budget
Your loan should feel clear from the start. We’ll help you compare fixed and variable rate options based on your loan type, term, purchase, and approval details, then choose a repayment plan that works for your budget.
FlexibleChoose the loan type that fits the purchase
Choose the loan type that fits the purchase
Some purchases work better with a secured loan. Others are easier with an unsecured loan. We’ll help you compare both, understand what each means for your rate and repayment plan, and choose the option that fits what you’re buying.
Rates, repayment terms and loan options are subject to credit approval and availability. Variable rates may change, and a longer repayment period may increase your total borrowing cost.²
Good to know. Your Personal Loan eligibility checklist
Before you apply for a loan, here are a few basic criteria to check to see if you could qualify.
Age
Criteria 1
You're at least 18 years of ageResidency
Criteria 2
You're a resident of OntarioIncome
Criteria 3
You're able to provide income and financial detailsDocumentation
Criteria 4
You're able to meet the lending requirements
What can you use a Personal Loan for?
School comes with more than one kind of cost. A Student Line of Credit can help with tuition, books, supplies, rent, transportation, technology, and other education expenses that come up throughout the year. 3
RVs, boats, and trailers
Finance a recreational vehicle, boat, trailer, or other larger purchase with payments that are easier to plan around.Home or auto repairs
Cover repairs to your home or vehicle that need to happen now, then repay the cost over time with a plan that fits your budget.Larger purchases
Use a personal loan for furniture, appliances, equipment, travel, or another purchase that does not fit neatly into your monthly budget.
Unexpected expenses
Handle a one-time cost without relying on high-interest credit or draining your savings all at once.Other life events
Borrow for costs tied to moving, family needs, education, or other moments where timing matters.
Debt consolidation
Bring higher-interest debts together into one loan with a potentially lower rate and payment plan.
Can I get an RV for our family vacation?
Commonly asked questions
Yes, a personal loan may be an option for financing an RV, boat, trailer, or other recreational vehicle. Approval, rate, term, and whether the loan is secured or unsecured will depend on the details of your application.
Yes, you can pay off your personal loan early or make extra payments without penalty.
A co-signer may be an option in some situations, depending on the loan and approval requirements. If you are applying with someone else, both people’s financial details will be reviewed.
The amount you can borrow depends on your income, debts, credit history, repayment ability, loan purpose, and whether the loan is secured or unsecured. We’ll review your application and let you know what may be available.
A personal loan application may involve a credit check, which can affect your credit score. Your advisor can explain what to expect before you apply.
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¹ Loan approval and membership
Personal loans are subject to credit approval, YNCU membership requirements and applicable lending terms. Approved amounts, rates and repayment terms depend on your financial circumstances, the loan purpose and any required security. Applying or becoming a member does not guarantee approval. Your loan agreement sets out your repayment obligations, interest rate and any applicable fees.
² Rates, payments and repayment terms
Fixed and variable rate options and payment schedules are subject to availability and the approved loan agreement. A fixed interest rate remains unchanged for the period specified in the agreement. A variable interest rate may increase or decrease with its specified reference rate, affecting interest costs and potentially payment amounts or repayment timing. A longer repayment period may lower regular payments but increase total interest costs.
³ Loan purposes and debt consolidation
Financing for the purposes described on this page is subject to eligibility and credit approval. Debt consolidation does not guarantee a lower interest rate, lower payments or overall savings. Any potential savings depend on the approved rate, repayment period, fees and the debts being consolidated. Extending repayment may increase total interest costs, even where the new rate or regular payment is lower.
Applications and inquiries
Submitting an inquiry or requesting a call does not constitute approval or a commitment to lend. Additional information and verification may be required before financing is approved and funds are advanced.
General information
This page provides general information. Product availability, eligibility requirements and the applicable loan agreement govern the financing provided.