Loan Rates

Rates effective as of October 1st, 2021

All rates subject to change at any time and without notice.

Loan Type Interest Rate APR*
Auto Loans
New Vehicles As low as 1.99% As low as 1.99%
Used Vehicles As low as 2.49% As low as 2.49%
Other Vehicle Loans
New Recreational Vehicles As low as 3.00% As low as 4.33%
Used Recreational Vehicles As low as 3.00% As low as 4.33%
New Motorcycles As low as 2.50% As low as 2.72%
Used Motorcycles As low as 2.50% As low as 2.72%
New Boats As low as 3.00% As low as 4.01%
Used Boats As low as 3.00% As low as 4.01%
Additional Loans
Unsecured Personal Loans As low as 7.95% As low as 8.66%
Home Improvement Loans As low as 5.95% As low as 6.63%
Share Secured Dividend Rate +2.5% APR Varies
Certificate Secured Dividend Rate +2.5% APR Varies
Mortgage Loans
Variable Rate Home Equity Line of Credit As low as 3.50% As low as 3.50%
Fixed Rate Home Equity Loan As low as 2.95% As low as 2.95%

 

*APR = Annual Percentage Rate. Loans include a prepaid finance charge which will affect the final APR. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral condition. All loans subject to approval.  Contact one of our friendly loan processors for complete details.

Motorcycle Loans. APR = Annual Percentage Rate. Floor rate of 2.50% requires approved collateral 2016 or newer with loan-to-value at or below 80% of NADA retail. A sample payment on a $25,000.00 loan with a $150.00 prepaid finance charge for 72 months at 2.50% interest rate (2.72% APR) would be approximately $376.52 per month without optional debt protection. All rates are subject to change without notice.

Auto Loans. APR = Annual Percentage Rate. New vehicle APR applies to loans on 2021 or newer autos only. Used vehicle APR applies to loans on 2017 or newer autos only. New and Used Auto Loans $10,000.00 & under. Loans over $10,000.00 require a prepaid finance charge which will affect the final APR. Rates, terms and conditions are subject to change and may vary based on applicant creditworthiness, loan qualifications, and collateral condition. All loans are subject to approval. Refinance applies only to loans from other lenders. New Towpath Credit Union loans only.  Contact one of our friendly loan processors for complete details. A sample payment on a $10,000.00 loan for 72 months at 1.99% APR would be approximately $147.46 per month. A sample payment on a $25,000.00 loan including a $150.00 prepaid finance charge for 72 months at 1.99% interest rate (2.21% APR) would be approximately $368.65 per month without optional debt protection. Offer subject to change without notice.  Offer ends February 28, 2022.

Recreational Vehicles (includes boat, campers, RVs, and ATV/UTVs). Floor rate of 3.00% requires approved collateral 2016 or newer with loan-to-value at or below 90% of NADA retail. A sample payment on a $7500.00 loan with a $100.00 prepaid finance charge for 24 months at 3.00% interest rate (4.33% APR) would be approximately $326.66 per month without optional debt protection. All rates are subject to change without notice.

Unsecured Loans (Personal and Consolidation Loans).A $10,000.00 loan including a $150.00 prepaid finance charge at 7.95% interest rate for 60 months, will result in an APR of 8.66% with a monthly minimum payment of $205.56 without optional debt protection coverage. All rates are subject to change without notice.

Unsecured Loans (Home Improvement Loan) A $10,000.00 loan including a $150.00 prepaid finance charge at 5.95% interest rate for 60 months, will result in an APR of 6.63% with a monthly minimum payment of $195.99 without optional debt protection coverage. All rates are subject to change without notice.

Home Equity Products. APR = Annual Percentage Rate. APR includes only the interest and no other costs. Refinance of existing Towpath CU loans subject to applicable fees, terms, and conditions. Variable rate HELOC floor rate is 3.50% APR and cannot exceed 18% APR or the maximum permitted by law, whichever is less. Typical minimum principal and interest payment on a home equity loan amount $25,000.00 at 2.95% APR for 60 month term is $448.66 without optional debt protection coverage. Monthly HELOC payments during the 10 year draw period are 1% of the outstanding loan balance, or $50.00, whichever is higher. Typical minimum principal and interest payment on HELOC during repayment period, with a balance of $25,000.00 at 3.50% APR over 180 months is $178.72 before optional products.

Towpath Credit Union Institution NMLS #415981