Loan Rates

We offer a variety of low rate loans for our members evolving needs.
Please contact our Loan Department for more information by calling
860-253-4780 or 800-749-8305.

FIND A LOWER CAR LOAN RATE & WE’LL MATCH IT!**

Loan Rates as of 6-1-2015

 

New! Classroom Cash Loan

 

Classroom Cash Loan
Annual Percentage Rate
Up to 10 Months 0%

Maximum loan amount for the Classroom Cash Loan is $500.00. Loan monthly payments are approximately $50.00 per month. There is a $25 application fee. We do not consider credit history or credit score for this loan. Direct deposit required for monthly loan payment. A copy of current contract required. TVTFCU membership required. Only one Classroom Cash Loan is available per member at one time. Some restrictions apply. Terms subject to change without notice.

 

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Visa Classic Credit Card with ScoreCard Rewards & Visa Platinum Credit Card

 

  Visa Classic

Credit Card

with ScoreCard Rewards

Visa Platinum

Credit Card

Annual Percentage Rate for Purchases 11.88%* 9.99%*
Annual Percentage Rate for Transfer Balances & Cash Advances 11.88%* 9.99%*
Grace period25 day grace period on purchases only.
No grace period on cash advance or balance transfers.
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)
Average Daily Balance method
(including current transactions)
Minimum Monthly Payment3.00% of the balance or $25,
whichever is greater.
3.00% of the balance or $25,
whichever is greater.
Annual FeeNoneNone
Cash Advance Fee None None
Balance Transfer Fee NoneNone
Late Payment Fee$30.00 $30.00

*APR = Annual Percentage Rate.

 

ScoreCard Rewards: This program gives you the flexibility to earn points redeemable for exciting awards. View point balance, search and view awards, create wish lists, update your profile and more. Redeem points online for merchandise and travel awards.


Visa Loanliner Disclosure >

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Vehicles & Motorcycles**

Vehicles & Motorcycles
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 & 71 Years 3.29%* Up to 94% financing
4.29%* Up to 104% financing

1New cars only.

 

Vehicles & Motorcycles – Older Models2
Annual Percentage Rate
8 – 10 years old

(2005 – 2007)

2% above regular Vehicle & Motorcycle rate
11 – 13 years old

(2002 – 2004)

4% above regular Vehicle & Motorcycle rate
14 years old & older

(2001 and older)

6% above regular Vehicle & Motorcycle rate

Maximum loan amount for vehicle loans: $50,000.00. We do not refinance existing TVTFCU loans.
Payment Example: A $10,000 car loan financed for 48 months at 2.69% would be $229.10 per month including credit disability insurance.
2 Maximum term is 48 months. Add 1% to above rate if Loan to Value is 95% - 100% - including GAP insurance.


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Recreational Vehicles*

(Boats, RVs, Tow-Behind Travel Trailers, ATVs, Dirt Bikes, Travel Trailers and Airplanes)

Recreational VehiclesAnnual 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

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Personal*

Personal Annual Percentage Rate
Up to 1 year 8.50%*
Up to 2 years 9.00%*
Up to 3 years 9.50%*
Up to 4 years 10.00%* **
Up to 7 years 11.50%* **

** Maximum loan amount for personal loan with one signature: $15,000. Maximum loan amount for personal loan with two signatures: $25,000. 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.

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Savers

SaversAnnual Percentage Rate
Up to 12 Months7.5%

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.

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Share Secured

Share SecuredAnnual Percentage Rate
Up to 3 Years
4.00%
4 to 7 Years6.00%

Minimum loan amount is $500.00. Payment example: a $500 loan at 4% for 36 months would be $14.76 per month.

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Share Certificate Secured

Share Certificate SecuredAnnual Percentage Rate
Due Upon Maturity3.00% Above Certificate Rate

Minimum loan amount is $500.00.

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Home Equity - Fixed*

Home Equity - FixedAnnual 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.

Payment example: a $10,000 loan at 3.75% for 60 months would be $294.13 per month.
The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. Your interest may be tax deductible, consult your tax advisor.

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Home Equity - Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)Annual Percentage Rate
Loan to Value for HELOC is 75%

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. The maximum Loan to Value for houses is 75% and for condominiums is 70%. The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. Your interest may be tax deductible, consult your tax advisor.


HELOC Loanliner Disclosure: Page 1 and Page 2
What You Should Know About Home Equity Lines of Credit: Page 1 and Page 2

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Mortgages

Mortgages
Click here to view our Mortgage Rates»

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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 ExpressAnnual Percentage Rate
Up to 10 Years

4.00%

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. There is a non-refundable one time origination fee of $350. 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.

Payment example: a $25,000 loan at 4.00% for 60 months would be $460.41 per month.
The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. Your interest may be tax deductible, consult your tax advisor.

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* Your rate may vary from the above rates and will be determined by various lending factors.

** TVTFCU will match your car loan rate with a floor of 1.99% apr. Proof of your current car loan rate from another lender is required.

 

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.

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Tobacco Valley Teachers Federal Credit Union | Call: 860-253-4780 or 800-749-8305 | Fax: 860-253-4785 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Copyright © 2014 Tobacco Valley Teachers Federal Credit Union. All Rights Reserved.