Personal Loans for Educators

Which Personal Loan Is Right For You?

NEA Personal Loan®

Find a financing solution tailored specifically for educators with good to excellent credit with the NEA Personal Loan1. Benefit from competitive rates and favorable terms, empowering you to take control of your financial journey with confidence.

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  • Loan terms up to 72 months2
  • Rates fixed for life
  • Streamlined application process
  • No origination fee, application fee, processing fee or pre-payment penalties
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NEA Advantage Loan

This loan is designed to address the needs of NEA members who have limited credit options or less than perfect credit. Gain access to personal loans featuring improved interest rates to support your financial needs.

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  • Loan terms up to 48 months*
  • APR below 36%*
  • No application fees with same day funding available
  • Access financial education resources to enhance your financial literacy
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Nine Reasons to Consider Using a Personal Loan

Home Improvements

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If you do not have enough equity to qualify for a home equity loan or cash-out refinance, an NEA Personal Loan can help.

Debt Consolidation

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Streamline your finances by consolidating higher-interest debts into a single, more manageable personal loan that could also help reduce interest payments.

Moving Costs

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Paying for moving expenses out of pocket can be extremely challenging. A personal loan can give you the cash you need to handle moving expenses.

Emergency Expenses

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Unexpected or emergency expenses can be a potential setback. A personal loan may provide a better interest rate than charging expenses to a credit card.

Large Purchases

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If you need to make a large purchase, such as new furniture or a computer, a personal loan from NEA may be a better option than using your savings.

Vehicle Financing

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If you need to purchase a vehicle, but may not qualify for a traditional auto loan, a personal loan can help.

Wedding Expenses

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A personal loan can be a valuable resource to ensure your dream wedding becomes a reality. A lump sum can provide steady cash flow and avoid high credit card interest.

Medical Bills

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A personal loan can offer the financial support you need to cover medical expenses. A fixed repayment plan can help you manage costs and focus on your health without the stress of immediate financial burden.

Payday Loan Alternative

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An NEA Advantage loan is the preferred loan with lower interest rates and longer repayment periods. These loans are structured to be more manageable and have more favorable terms compared to payday loans.

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Is a Personal Loan Right for You?

Consider this smart option to take control of your finances. Here are three common scenarios in which taking out a personal loan can be a smart solution.

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Should I Consolidate My Debts?

Use this calculator to help you see how consolidating your existing loans may be able to help you reduce monthly payments and/or pay off debts faster.

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3 Ways to Consolidate―and Take Control of―Your Debt

Combining multiple loans into one easy-to-manage payment could help you get your finances under control.

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Additional Information

1. Exclusions and limitations may apply. The NEA Personal Loan cannot be used to pay postsecondary educational expenses or tuition, or to consolidate postsecondary educational loans.

2. Your repayment terms will depend on your APR and loan term for which you qualify. Example: On a 15.99% Fixed For Life APR loan you will have (1) 36 monthly payments of $35.15 per $1,000 borrowed; or (2) 48 monthly payments of $28.34 per $1,000 borrowed; or (3) 60 monthly payments of $24.31 per $1,000 borrowed; or (4) 72 monthly payments of $21.69 per $1,000 borrowed. Your Fixed For Life APR will be in the range of 10.74% Fixed For Life APR (if you are enrolled in AutoPay) to 18.99% Fixed For Life APR. See the Key Information on the loan for additional details regarding a Debt Consolidation or Personal Loan.

NEA Personal Loans are made and serviced by First National Bank of Omaha (FNBO®).


* Fixed simple interest rate: 35.99% per year with a one-time fee of $0. For example, a $2,000 loan repaid in 52 installments over 24 months, the APR will be 35.83% and the approximate bi-weekly payroll deduction will be $40 (assumes a loan execution date of 05/10/2024). Other terms and conditions apply, and your loan may vary depending upon your loan execution date, actual payroll deduction schedule, etc. Not all applicants will qualify for a loan. All loans marketed by BMG Money are made by WebBank, except, as of 12/08/2023 the loans made to residents of Iowa, Illinois, Nebraska, New Jersey, New York, Ohio, Rhode Island are made by BMG LoansAtWork, LLC. The NEA Advantage Loan program is not available in Ohio, Indiana, Maine, Nebraska, New York, Washington, West Virginia, New Hampshire, North Dakota, Georgia, Nevada, Rhode Island, Connecticut, Massachusetts, Vermont, Wisconsin, New Jersey.