Consumer Loans
Do I have to be a member to apply for a loan?
No, you can apply for a loan online and by phone without being a member, however, you must be eligible for membership. Prior to the loan being funded, you will need to establish your membership Savings Account.
What are the minimum qualifications for a loan approval?
You must be employed or have a verifiable source of income, the ability to repay the debt, and a stable credit history.
What type of income verification is required for self-employed individuals?
We require copies of your tax returns from the two most recent years.
How can I apply for a loan?
Apply 24 hours a day, 7 days a week, for any Consumer Loan:
- Online Loans - Receive an instant response
- Loans by Phone - 310-381-2300 or 877-254-9328, option 3
If you would like an application mailed to you, or would like to inquire about which branches have loan officers available, please call 310-381-2300 or 877-254-9328, option 3.
Are there any prepayment penalties for paying off a consumer loan?
No, you can pay off any Consumer Loan without incurring a pre-payment penalty.
Is there a fee charged to apply for a loan?
There are no fees involved when applying for a Western Consumer Loan.
Are Western Consumer Loans offered in all 50 states?
Yes, our loans are available to members residing in any of the 50 U.S. states and territories.
How long does it take to get a loan decision?
If you apply using our online loan application, you can get an instant response. Using other application methods, you will usually have an answer the same day.
How long does it take to fund the loan?
If you are requesting a Western Visa or Personal Loan, funding can usually take place the same day provided all required documents are received and signed. Vehicle Loan funding, depending on the type of purchase, can generally be completed the same day provided all appropriate documents are received and signed.
