Full Width Hero

Personal Loans

Loans with flexibility that suit your needs.

Loans at Brooklyn Coop

Brooklyn Coop’s personal loans are popular because they fit your needs for short-term, low-cost, flexible credit. Members use personal loans to consolidate debt, move into a new apartment, or pay for expected or unexpected expenses like a funeral, buying a used car, or medical costs. Personal loans work better than credit cards if you value a fixed repayment schedule and need funds upfront.

How to Apply

1

Become a Member

Membership is required before applying for a loan.

If you're not yet a member, you can open an account at any of our branches or complete the process remotely.

Remotely Open an Account

Need a Paper Application?

Prefer to complete your application offline? Download the forms below and submit them at any Brooklyn Coop branch.

📄

Personal Loan Application

Complete your personal loan application in English.

Download PDF
📄

Solicitud de Préstamo Personal

Complete your personal loan application in Spanish.

Descargar PDF
✍️

Cosigner Agreement

Required form for applicants using a cosigner.

Download PDF
✍️

Solicitud para Garantes

Complete the cosigner agreement in Spanish.

Descargar PDF

Loan Details

Personal Loans

Loan Size $500 – $15,000
Rate Fixed. See application for current rate.
Maximum Term 12 years
Fees $40 late fee

Credit Cards

Loan Size $500 – $15,000
Rate Variable. See application for current rate.
Maximum Term Open-end
Fees No annual fee
$40 late fee
$25 bounced payment fee

All personal loans require a security deposit equal to at least 20% of the approved loan amount. The deposit remains frozen while the loan is being repaid and becomes available for withdrawal once the loan has been paid in full.

* There is a $35 application fee per person for any personal loan or credit card.

Translate »