LOANS

Relationship Signature Loans

If you have a LorMet Savings Account with direct deposit or a LorMet Checking Account that has been open for at least 6 months, you’re eligible to apply for a Relationship Signature Loan!

Get the funds you need with a fixed-rate, unsecured loan—no collateral required. Use your loan for a variety of needs, like debt consolidation, home improvements, unexpected expenses, or vehicle repairs.

Member Benefits

Low Fixed Rate*
No Annual Fee
No penalty for early payoff
Deposit directly into your LorMet account

_{Applicants must have either an open LorMet Savings Account with Direct Deposit or an open LorMet Checking Account.}

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* Subject to credit approval. Maximum loan amount $10,000.00. Rates are dependent on the individual’s credit score. Not all applicants will qualify for the lowest Annual Percentage Rate (APR) or maximum term. All loans are subject to underwriting policy and guidelines, credit verification and credit repayment history. $0 loan documentation fee. Other rates and terms are available. $5,000 or less = maximum term of 48 months. Applicants must have either an open LorMet Savings Account with Direct Deposit or an open LorMet Checking Account.

OTHER

Personal Loans

Loan Type	APR^*	Term
Signature Loan ($10,000 maximum)²	as low as 7.99%	up to 60 months

*APR = Annual Percentage Rate.

² Rates quoted are offered depending on the individual’s credit score. Not all applicants will qualify for the lowest APR or maximum term. $0 loan documentation fee.
Other rates and terms are available. $5,000 or less = maximum term of 48 months.

_{Applicants must have either an open LorMet Savings Account with Direct Deposit or an open LorMet Checking Account.}

Not a LorMet Member?

Open your account today at any LorMet location and experience the Credit Union difference!

Start The Switch 450+ 5-Star Reviews

Joel Morrison

They’ve always been good to me. I’ve gotten personal loans with LorMet, no problem.
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Joel Morrison

They’ve always been good to me. I’ve gotten personal loans with LorMet, no problem. Ashley from the Wellington Branch was great with everything.

Kevin Guzay

It was very reassuring to know, when getting a loan that they really will stick up for you.
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Kevin Guzay

It was very nice, very reassuring to know, whether you’re banking or getting provided a loan through here that they really will stick up for you, and they’ll help you. I’m just very thankful and appreciative of Justin and of LorMet for everything they did. And if you’re looking for a loan, I’d say check them out first.

Niya Knox

They gave me the best info about how my money was going to work for me.
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Niya Knox

They gave me the best information about how my money was going to work for me. You cannot choose a better financial institution, you cannot choose a better family to join!

Tim Alcorn, Lorain Sports Hall of Fame – Play-by-Play Announcer

My children have all had Auto Loans through LorMet. It was outstanding, I’ll never forget that.
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Tim Alcorn, Lorain Sports Hall of Fame – Play-by-Play Announcer

My children have all had Auto Loans through LorMet. The way my kids were treated made me feel so special. It was outstanding, I’ll never forget that.

Raymond Starr

LorMet made it really easy for car loans, the interest rates were up front and posted.
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Raymond Starr

LorMet made it really easy for car loans, the interest rates were up front and posted. Transferring from a lease to buyout the lease, they told us exactly what we needed to do. It’s local, its easy to deal with it, pretty much straightforward after you finish out the application.

Personal Loans at LorMet Credit Union

Relationship Signature Loans

Member Benefits

Ready to apply?

View Full Terms and Disclosures

Personal Loans

View Full Terms & Conditions

*APR = Annual Percentage Rate.

2 Rates quoted are offered depending on the individual’s credit score. Not all applicants will qualify for the lowest APR or maximum term. $0 loan documentation fee. Other rates and terms are available. $5,000 or less = maximum term of 48 months.

Applicants must have either an open LorMet Savings Account with Direct Deposit or an open LorMet Checking Account.

Not a LorMet Member?

Leaving LorMet.com

² Rates quoted are offered depending on the individual’s credit score. Not all applicants will qualify for the lowest APR or maximum term. $0 loan documentation fee.
Other rates and terms are available. $5,000 or less = maximum term of 48 months.

_{Applicants must have either an open LorMet Savings Account with Direct Deposit or an open LorMet Checking Account.}