Loan Rates

We offer a variety of low-rate loans for our member's 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 March 1, 2024

Classroom Cash Loan

Classroom Cash Loan

Annual Percentage Rate

Up to 10 Months 0%

Maximum loan amount for the Classroom Cash Loan is $1000.00. Payment Example: A $500.00 Classroom Cash Loan financed for 10 months at 0% apr would be $50.00 per month. There is a $25 application fee. We do not consider credit history or credit score for this loan. Direct deposit is required for monthly loan payment. A copy of current contract is required. TVTFCU membership is 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

Description

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 period 25 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.
Minimum Monthly Payment 3.00% of the balance or $25,
whichever is greater.
3.00% of the balance or $25,
whichever is greater.
Annual Fee None None
Cash Advance Fee None None
Balance Transfer Fee None None
Late Payment Fee $30.00 $30.00

The method of computing the balance for purchases, is the average daily balance method (including new purchases).
 

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. Your first year of points, if not redeemed, will expire March 31st of the fifth year. This will continue each year thereafter.

Visa Credit Card Disclosure

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Vehicles & Motorcycles**
Effective Date: MARCH CAR LOAN SPECIAL IS VALID THROUGH MARCH 31,2024.

Vehicles & Motorcycles

Annual Percentage RateFinancing

3 Years

5.75%2 Up to 94% financing
  6.75%2 Up to 104% financing

4 Years

6.00%2 Up to 94% financing
  7.00%2 Up to 104% financing

5 Years

6.25%2 Up to 94% financing
  7.25%2 Up to 104% financing

6 & 7 Years1

6.50%2 Up to 94% financing
  7.50%2 Up to 104% financing

17 years - new cars only.

Maximum loan amount for vehicle loans: $60,000.00.

Add 1% to above rate if loan-to-value is 95% - 104% including Guaranteed Asset Protection (GAP) Insurance. We do not refinance existing TVTFCU loans.

2Valid March 1 - 31, 2024. APR = Annual Percentage Rate. Your rate may vary from the disclosed rate and will be determined by various lending factors. Payment Example: A $10,000 car loan financed for 5 years at 6.25% apr would be approximately $209.14 per month including Credit Disability Insurance for the primary borrower. Borrower(s) have the option to purchase Credit Disability and/or Life Insurance. We do not refinance existing TVTFCU loans. Guaranteed Asset Protection Insurance (GAP) is available for purchase at a lower cost than most car dealers.

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Vehicles & Motorcycles Older Models

Vehicles & Motorcycles – Older Models

Annual Percentage Rate

8 – 12 years old
(2012 – 2016)

 

3.00% above regular
Vehicle & Motorcycle rate

13 – 15 years old
(2009 – 2011)

 

6.00% above regular
Vehicle & Motorcycle rate

Maximum term is 48 months. Up to 100% financing including Guaranteed Asset Protection Insurance (GAP). Add 1% to above rate if loan-to-value is 95% - 100% including Guaranteed Asset Protection (GAP) Insurance. We do not refinance existing TVTFCU loans.

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

Recreational Vehicles

Annual Percentage RateFinancing
Up to 4 Years 9.50% *Up to 94% financing
5 to 7 Years 12.50% *Up to 94% financing

Add 1% to above rate if loan-to-value is 95% - 100% including Guaranteed Asset Protection (GAP) Insurance. We do not refinance existing TVTFCU loans.

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Personal*
Personal Loan
Annual Percentage Rate

12 Months

10.50%
24 Months 11.00%
36 Months 11.50%
48 Months 12.00%
49 - 84 Months 13.50%

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.

APR = Annual Percentage Rate. Payment example: a $5,000 loan at 11.50% apr for 36 months would be $171.76 per month including  Credit Disability Insurance for the primary borrower only. Rate may vary depending on various lending factors. 

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Savers

Savers

Annual Percentage Rate
Up to 12 Months 7.50%

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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Shared Secured

Shared Secured

Annual Percentage Rate
Up to 3 Years 4.00%
4 to 7 Years 6.00%

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 Secured

Annual Percentage Rate

Due Upon Maturity 3.00% Above Certificate Rate

Minimum loan amount is $500.00.

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Home Equity - Fixed*

Home Equity – Fixed

Annual
Percentage
Rate
5 Year

Annual
Percentage
Rate
10 Year

Annual
Percentage
Rate
15 Year

Loan to Value is 80% and Below 7.25% 7.75% 8.50%
Loan to Value is 80.01% - 90% 8.75% 9.25% 10.00%

Minimum loan amount for a Fixed Rate Home Equity Loan is $10,000.00, the maximum loan amount is $150,000.00. Payment example: a $10,000 loan at 6.75% for 15 years would be $105.25 per month including Credit Disability Insurance. This applies to an owner-occupied home that is your primary residence located in CT or MA. The payments do not include amounts for taxes and insurance premiums. Your interest may be tax deductible, consult your tax advisor. Property insurance is required.

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Home Equity - Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)

Annual Percentage Rate

Loan to Value is
75% for Homes
70% for Condos

Variable (Prime + 0)

The Home Equity Line of Credit (HELOC) is a 25-year variable rate loan. The rate is based on the prime rate published in the Wall Street Journal on the last business day of the month. The loan term consists of a 10-year draw period and a 15-year repayment. During the draw period, the minimum payment is interest only. During the repayment period, the minimum payment is both interest and principal. Interest only monthly payment example: If you had an outstanding balance of $10,000, the minimum monthly payment at an annual percentage rate of 3.50% would be $50. Minimum HELOC is $10,000, maximum HELOC is $100,000. The rate is subject to change monthly. The rate cannot increase or decrease more than 4.0 percentage points in any one year. Minimum interest rate is 3%, maximum interest rate is 18%. The payments do not include amounts for taxes and insurance premiums. Your interest may be tax deductible, please consult your tax advisor. Property insurance is required.

HELOC Loanliner Early Disclosure

What You Should Know About Home Equity Lines of Credit

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Mortgages

Mortgages

Click here to view our Mortgage Rates»

Mortgages also offered in the following states through our Mortgage partner:*
Massachusetts, Rhode Island, New Hampshire, Maine, Florida, Georgia and South Carolina

*Mortgage products offered in partnership with Allanach Mortgage Group, broker's licenses:
CT ML2894 – MA MC2894 – RI 20051935LB – NH 5616MB  
ME  CS04501 – FL MLD1444 – GA 65192 – SC MLS 2894

TVTFCU NMLS# 415585

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Mortgage Express*

Mortgage Express

Annual Percentage Rate
10 Years 7.25%
15 Years 7.49%

Our Mortgage Express is a fixed rate home equity loan secured by a first lien position on your primary residence. This applies to an owner-occupied home located in CT or MA. Refinance mortgage transactions only; no cash out and not for purchase money. There is a $350 Application Fee. Minimum loan amount is $25,000. Maximum loan amount is $275,000. Maximum loan-to-value is 80%. Payment example: a $25,000 loan at 6.25% apr for 10 years would be $316.86 per month including Credit Disability Insurance. Your rate may vary from the advertised rate and will be determined by various lending factors. The payments do not include amounts for taxes and insurance premiums as TVTFCU does not escrow for taxes and/or insurance. 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.

The insurance offered is not a deposit and is not federally insured by NCUA. The insurance is not guaranteed by the credit union nor an obligation of the credit union. The insurance may lose value. 

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