ONLINE BANKING   User I.D.   Password
ONLINE BANKING   User I.D.   Password
  • Program Details

    Student Loans are made to a student and may or may not require an eligible cosigner depending on the creditworthiness of the student. Applicants with limited or no credit history may be considered eligible with a creditworthy cosigner. Applying with a cosigner may help the applicant pass the credit review, and may even help secure a lower rate.

    Parent/Sponsor Loans are made directly to a parent or sponsor on behalf of the student. Sponsor Loans are approved solely on the creditworthiness of the sponsor. The student being sponsored for the loan will be required to cosign the loan and is fully obligated to the loan.

  • Borrowing Limit

    The maximum annual/lifetime loan amount is $25,000
    The minimum annual loan amount is $1,000
    The Financial Aid Office at your college or university will review and certify your Private Education Loan application based on your Cost of Attendance (COA) and other financial aid eligibility.

     

  • Interest Rate

    Interest rates are based on the applicant’s or cosigner’s creditworthiness.
    Rates vary between 3.99% + 3-month LIBOR¹ and 8.99% +
    3-month LIBOR¹ with a maximum interest rate of 15%.

     

  • Fees
    • 0% Origination Fee
    • 0% Repayment Fee
    • 0% Disbursement Fee
  • Repayment Terms
    • 10 year repayment term
    • $50 minimum monthly payment
  • Repayment Options

    Borrowers have the option to choose from two different repayment plans:

    Interest Only Repayment – for borrowers who elect to pay only monthly interest while the student is in school²
    Immediate Repayment – for borrowers who wish to begin repayment of their principal and accrued interest immediately upon disbursement

  • Borrower Benefit

    Once in full repayment, borrowers can sign up for monthly auto debit payments and receive an immediate 0.25% interest rate reduction.³

    Variable rate, based on the three-month London Interbank Offered Rate ( “LIBOR”) as published in The Wall Street Journal on the fifteenth day of each December, March, June and September.
    Borrowers are allowed four and one half years of interest only repayment from the time of first disbursement as well as an additional six-month post-enrollment interest-only period following graduation or separation from school (this combined 5 year period is not considered part of the repayment term); after this period the borrower will be placed in full repayment. Borrower must be continuously enrolled at least half-time to remain eligible for interest only repayment.
    Borrowers are eligible for 0.25% interest rate reduction if they elect to sign up for Auto Debit Payments through Baptist Credit Union’s Private Education Loan servicer, Higher Education Servicing Corp. Periods of interest only repayment do not qualify for this interest rate reduction. If at any time automatic payments are stopped or the loan is not in repayment status, the rate discount will be canceled.
    Baptist Credit Union reserves the right to modify or discontinue benefit(s) at its discretion and without notice.

     

  • Eligibility Requirements

    To be eligible, applicants must meet the following requirements:

    • Be at least 18 years of age
    • Attending or scheduled to attend a Participating School
    • Enrolled at least half-time or greater
    • Private Education Loan – applicants and cosigner must be a U.S. citizen or have
    • Permanent Resident Status
    • Private Education Sponsor Loan – applicant must be a U.S. citizen; cosigner must be a U.S. citizen or have Permanent Resident Status
    • Be a member of Baptist Credit Union¹
    • Must be creditworthy and/or have a creditworthy cosigner
  • Cosigner Requirements

    A credit-worthy cosigner will be required for the Private Education Loan if applicant has:

    An annual income less than $20,000
    Limited or no credit history

  • What you’ll need to apply

    Personal Information
    The applicant and cosigner, if applicable, will need the following information to complete the loan application:

    • Identification Details – Name, Social Security number, drivers license number, date of birth and citizenship status
    • Contact Information – Current address and phone number(s)
    • Email Address – Both the applicant and cosigner, if applicable, must provide valid email addresses, which will be used as the login username for the loan application as well as means to contact the applicant and/or cosigner
    • Membership Identification – The applicant and cosigner, if applicable, will need to enter their Baptist Credit Union membership identification number
    • Employment & Income – Employer name, phone number(s), and monthly income information
    • Academic Information – School name, academic year, enrollment status, academic program and expected graduation date

    Apply

    NOTE: By clicking “Apply Now,” you acknowledge that you are leaving the Baptist Credit Union web site and will be redirected to or Private Education Loan partner’s web site to complete your loan application.

    The applicant and cosigner, if applicable, must be a member of Baptist Credit Union to receive a Baptist Credit Union Student Loan. Click here for membership details or to sign up.
    Borrowers are allowed four and one half years of interest only repayment from the time of first disbursement as well as an additional six-month post-enrollment interest-only period following graduation or separation from school (this combined 5year period is not considered part of the repayment term); after this period the borrower will be placed in full repayment. Borrower must be continuously enrolled at least half-time to remain eligible for interest only repayment.
    Borrowers are eligible for 0.25% interest rate reduction if they elect to sign up for Auto Debit Payments through Baptist Credit Union’s Private Education Loan servicer, Higher Education Servicing Corp. Periods of interest only repayment do not qualify for this interest rate reduction. If at any time automatic payments are stopped or the loan is not in repayment status, the rate discount will be canceled. Baptist Credit Union reserves the right to modify or discontinue benefit(s) at its discretion and without notice.

Become a Member

Click here to Apply Now, Continue an Application, Check Loan Status, or Cosign a Loan.

 

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

ATTN’ MOBILE CAPTURE USERS

Dear members, effective immediately, all checks to be deposited through mobile capture must be signed and show the legend “FOR MOBILE DEPOSIT ONLY AT BAPTIST CREDIT UNION” on the reverse of the check. Any check that fails to include these requirements will be rejected.

Thanks for your cooperation on this matter!

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES

THIRD PARTY NOTICE

You’re about to open a third-party website in a separate browser window. The site you are about to enter may be less secure and may have a privacy statement that differs from Baptist Credit Union. The products and services offered on this third party website are not provided or guaranteed by BCU. Please note that you’ll still be able to view the current page on baptistcu.org.

Would you like to continue?

NO

YES