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 October 1, 2020

Maximum loan amount for the Classroom Cash Loan is $1,000.00. 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 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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Maximum loan amount for the Back to School Loan is $2,000.00. Minimum amount is $500.00. Payment Example: A $1,000.00 Back to School Loan financed for 12 months at 7.5% apr would be $ 87.67 per month including Credit Disability Insurance. Only one Back to School Loan is available per member at one time. Terms subject to change without notice. Credit underwriting standards apply.

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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 Loanliner Disclosure     
 

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You can search thousands of cars nationwide, price out your next car in minutes, save your car searches, view FREE CarFax Reports (If they are available through the dealership.), get trade-in values, determine your estimated monthly loan payment and apply for your loan with TVTFCU!

¹7 years - new cars only.

Maximum loan amount for vehicle loans: $50,000.00.

²Valid October 1 - 31, 2020. 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 3.25% apr would be $189.49 per month including credit disability 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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Payment Example: A $10,000 Car Loan financed for 36 months at 5.69% apr would be $312.17 per month including Credit Disability Insurance.

Maximum term is 48 months. Up to 100% financing including Guaranteed Asset Protection (GAP) Insurance. 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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Payment Example: A $10,000 Recreational Vehicle Loan financed at 9.00% apr for 48 months would be $258.59 per month including Credit Disability Insurance.

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.

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 Personal Loan financed at 10.25% apr for 48 months would be $132.13 per month including Credit Disability Insurance for the primary borrower only. Rate may vary depending on various lending factors. 

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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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Minimum loan amount is $500.00. Payment example: a $500 loan financed at 4.00% for 36 months would be $14.76 per month.

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Minimum loan amount is $500.00.

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APR = Annual Percentage Rate

Minimum loan amount for a home equity fixed loan is $10,000.00, the maximum loan amount is $100,000.00. Payment Example: A $10,000 Home Equity Fixed Rate Loan financed for 84 months at a rate as low as 4.25% apr would be $146.91 per month including Credit Disability Insurance.

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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 4.75% 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.

Home Equity Line of Credit Disclosure

What You Should Know About Home Equity Lines of Credit
Page 1 and Page 2

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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

Our Mortgage Express Loan 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. Minimum loan amount is $25,000. Maximum loan amount is $200,000. Maximum loan-to-value is 80%. Excludes refinance of any TVTFCU loan. Payment example: a $25,000 Mortgage Express Loan financed at 3.35% apr for 10 years would be $268.49 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.