Tobacco Valley Teachers Federal Credit Union
182 South Road, Enfield, CT 06082 - Routing Number: 211176969
Call: 860-253-4780 or 800-749-8305 | Fax: 860-253-4785
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Loan Rates
The credit union can help you with all your borrowing needs.
Loan Rates as of 5-1-2013
Visa Classic Credit Card with ScoreCard Rewards
| Visa Classic Credit Card | Annual Percentage Rate for Purchases |
| No Annual Fee | 11.88% |
| Annual Percentage Rate for Transfer Balances & Cash Advances | 11.88% |
| Grace period | 25 day grace period on purchases only. No grace period on cash advance or balance transfers. |
| Method of Computing the Balance for Purchases | Average Daily Balance method (including current transactions) |
| Minimum Monthly Payment | 3.00% of the balance or $25, whichever is greater. |
| Annual Fee | None |
| Late Payment Fee | $30.00 |
| Cash Advance Fee | None |
| Balance Transfer Fee | None |
ScoreCard Rewards is a program where you earn points redeemable for merchandise and travel.
Visa Platinum Credit Card
| Visa Platinum Credit Card | Annual Percentage Rate for Purchases |
| No Annual Fee | 9.99% |
| Annual Percentage Rate for Transfer Balances & Cash Advances | 9.99% |
| Grace period | 25 day grace period on purchases only. No grace period on cash advance or balance transfers. |
| Method of Computing the Balance for Purchases | Average Daily Balance method (including current transactions) |
| Minimum Monthly Payment | 3.00% of the balance or $25, whichever is greater. |
| Annual Fee | None |
| Late Payment Fee | $30.00 |
| Cash Advance Fee | None |
| Balance Transfer Fee | None |
Vehicles*
| Vehicles | Annual Percentage Rate |
| Up to 3 Years |
2.69%*
Up to 94% financing 3.69%* Up to 104% financing |
| Up to 4 Years |
2.89%*
Up to 94% financing 3.89%* Up to 104% financing |
| Up to 5 Years |
3.09%*
Up to 94% financing 4.09%* Up to 104% financing |
| Up to 6 Years |
3.29%*
Up to 94% financing 4.29%* Up to 104% financing |
Maximum loan amount for car loans: $50,000.00.
Vehicles cannot be more than 7 years old.
Payment Example: A $10,000 car loan financed for 48 months at 2.89% apr
would be $229.95 per month including credit disability insurance.
Recreational Vehicles*
| Recreational Vehicles | Annual Percentage Rate |
| Up to 4 Years | 9.00%* Up to 94% financing 10.00%* 95 - 104% financing |
| 5 to 7 Years | 12.00%* Up to 94% financing 13.00%* 95 - 104% financing |
Personal*
| Personal** | Annual Percentage Rate |
| Up to 12 Months | 9.00%* |
| Up to 24 Months | 9.50%* |
| Up to 36 Months | 10.00%* |
| Up to 48 Months | 10.50%* |
| Up to 84 Months | 12.00%* |
Maximum loan amount for personal loan with one signature: $25,000. Maximum loan amount for personal loan with two signatures: $30,000. VISA limits are included in the signature limit. Minimum loan amount: $500.00.
Payment example: a $5,000 loan at 9.00% for 48 months would be $129.37 per month including credit disability insurance for the primary borrower only.
Savers
| Savers | Annual Percentage Rate |
| Up to 12 Months | 7.5% |
Maximum loan amount for the savers loan is $500.00. Loan monthly payments are approximately $48.00 per month. Must have some income to satisfy monthly payment. A co-signer is not required. Loan proceeds deposited into your savings account and are available to you when the loan is paid in full.
Share Secured
| Share Secured | Annual Percentage Rate |
| Up to 3 Years | 4.00% |
| 4 to 7 Years | 6.00% |
Minimum loan amount is $500.00.
Share Certificate Secured
| Share Certificate Secured | Annual Percentage Rate |
| Due Upon Maturity | 3.00% Above Certificate Rate |
Minimum loan amount is $500.00.
Home Equity - Fixed*
| Home Equity - Fixed | Annual Percentage Rate | ||
| Loan to Value: | 5 Year | 7 Year | 10 Year |
| 80% and Below | 3.75%* | 4.00%* | 4.25%* |
| 80.01% - 90% | 5.25%* | 5.50%* | 5.75%* |
Minimum loan amount for a fixed equity loan is $10,000.00, the maximum loan amount is $75,000.00. Your interest may be tax deductible, consult your tax advisor.
Home Equity - Line of Credit (HELOC)
| Home Equity Line of Credit (HELOC) | Annual Percentage Rate |
| Loan to Value for HELOC is 80% | Variable (Prime + 0) |
The rate is based on the prime rate published in The Wall Street Journal on the last business day of the month. Your interest may be tax deductible, consult your tax advisor. Minimum HELOC is $10,000.00, maximum HELOC is $100,000.00.
HELOC Loanliner Disclosure: Page 1 and Page 2
What You Should Know About Home Equity Lines of Credit: Page 1 and Page 2
Mortgages
| Mortgages |
|
Click here to view our Mortgage Rates» |
Mortgage products offered in partnership with Allanach Mortgage Group, broker's license MA# MB6033 - NH# 5616 - ME# CS04501 - CT# 7160 - RI# 20051935LB.
Mortgage Express
| Mortgage Express | Annual Percentage Rate |
| Up to 10 Years | 3.75% |
Our Mortgage Express loan is a fixed rate home equity loan secured by a first lien position on your primary residence. This offer applies to a single family owner-occupied home or condominium located in CT or MA. Refinance mortgage transactions only; not for purchase money. A non-refundable one time origination fee of $350 is paid at the time of application. Minimum loan amount is $25,000. Maximum loan amount is $200,000. Maximum loan-to-value is 75%. TVTFCU does not escrow for insurance and/or taxes. Excludes refinance of any TVTFCU loan.
* Your rate may vary from the above rates and will be determined by various lending factors.
Repayment example:
A closed-end 3-year personal loan for $5000.00 at 10.25% Annual Percentage Rate (APR) will have 36 monthly payments of $162.34.
All rates are subject to change without notice.
The monies being loaned out by your credit union, are from the funds deposited by you, your family and your fellow members. This is how your credit union is able to offer these LOW loan rates.
