Who is Logix?
Logix was founded in 1937 under the original name, Employees Federal Credit Union. The company likes to promote that Logix is a financial institution with a bit of a difference.
The most significant difference as to why Logix is such a unique personal loan lender is because, when an individual opens an account with Logix, they become a partial owner to the company.
As a result, Logix can offer their owners better rates and lower fees than any other financial institution.
What type of loans do they offer?
When it comes to reviewing a company and whether their personal loan program is suitable for you, it’s important to look at what type of loans they offer. When it comes to Logix, the company offers a wide variety of loan services, some of which may be worth your attention.
- Vehicle Loans
- Mortgage Loans
- Credit Card Loans
- Business Loans
- Home Equity Loans
- Debt Management Loan
- Personal Loan
- Student Loan
Evidently, the loan that you choose will impact the rates, charges, and loan terms. As far as personal loans are concerned, Logix offers personal loans for up to 84 months with the lowest APR rates around 7.49%, which is entirely dependent on credit score and history.
The Benefits of Logix
There are numerous benefits for individuals that choose to sign-up with Logix for a personal loan. First and foremost, depending on your credit score, you might be able to score some of the lowest interest rates on the market.
On top of this, Logix offers flexible loan terms, which is something to take into consideration. With fixed payments, you can assure that your monthly payments will always be the same. The best part about Logix is that, if you choose to payoff the loan outright, there is penalty, which many other companies charge for.
To apply for a personal loan through Logix, it’s incredibly easy. This financial institution has an online application, which can be found on the personal loan page of their website. From there, you can create your account and fill-out the entire application.
From there, you will hear back from the company as to whether you have been approved, approved with conditions, or denied. You may also choose to speak to a customer representative or loan specialists.
To do this, you can call the company phone number or schedule an appointment through the online system.
Robert is our in-house expert on personal loans and finance. He got an MBA, specializing in Finance, before joining the workforce. After working for multiple Fortune 500 companies in the past decade, he brings a wealth of knowledge and experience to the table.