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Tobacco Valley Teachers FCU

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
View office hours | Email: msr@tvtfcu.org
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You are here: Home » Our Services » TVTFCU Loan Rates

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!**

DEFER YOUR 1ST LOAN PAYMENT TO SEPTEMBER 30, 2020
ON ALL CONSUMER LOANS!

Interest will continue to accrue on the loan. Excludes all home loans and Visa Credit Cards.

 

Loan Rates as of August 1, 2020

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. 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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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 Loanliner Disclosure - Page 1>     Visa Loanliner Disclosure - Page 2>
 

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Online auto Buying Resource Center

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!

Vehicles & Motorcycles**

Vehicles & Motorcycles

Annual Percentage Rate

Up to 3 Years

3.25%* Up to 94% financing

 

4.25%* Up to 104% financing

Up to 4 Years

3.50%* Up to 94% financing

 

4.50%* Up to 104% financing

Up to 5 Years

3.75%* Up to 94% financing

 

4.75%* Up to 104% financing

6 & 7 Years1
 

4.00%* Up to 94% financing

 

5.00%* Up to 104% financing

1New cars only. 

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

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Vehicles & Motorcycles Older Models

Vehicles & Motorcycles Older Models

Annual Percentage Rate

8 – 12 years old
(2008 – 2012)

3.00% above regular
Vehicle & Motorcycle rate

13 – 15 years old
(2005 – 2007)

6.00% above regular
Vehicle & Motorcycle rate

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

Recreational Vehicles

Annual Percentage Rate

Up to 4 Years

9.00%* Up to 94% financing

5 to 7 Years

12.00%* Up to 94% financing

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Payment Example: A $10,000 recreational vehicle loan financed for 48 months at 9.00% apr 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.

Personal*
SUMMER LOAN SPECIAL - Valid June 1 - August 31, 2020.
Personal Loan
Annual Percentage Rate

12 Months

3.75%*2

24 Months

4.75%*2

36 Months

5.99%*2

48 Months

6.75%*2

49 - 84 Months

8.75%*2

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.

2Our Great Summer Essentials Loan Special is valid from June 1 - August 31, 2020. APR = Annual Percentage Rate. Payment example: a $5,000 loan at 5.99% apr for 36 months would be $156.49 per month including Credit Disability Insurance for the primary borrower only. Rate may vary depending on various lending factors. You have the option to defer your first payment to September 30, 2020. Interest will continue to accrue on the loan. 

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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 RATE LOAN SPECIAL - VALID JULY 1 - AUGUST 31, 2020.

Home Equity Fixed

Annual
Percentage
Rate
5 Year

Annual
Percentage
Rate
7 Year

Annual
Percentage
Rate
10 Year

Annual
Percentage
Rate
12 Year

Loan to Value is 80% and Below

3.65%*3

3.90%*3

4.15%*3

4.65%*3

Loan to Value is 80.01% - 90%

5.15%*3

5.40%*3

5.65%*3

6.15%*3

APR = Annual Percentage Rate

3Our Fixed Rate Home Equity Loan Special is valid from July 1 - August 31, 2020. Minimum loan amount for a Fixed Rate Home Equity Loan is $10,000.00, the maximum loan amount is $100,000.00. Payment example: a $10,000 loan at 3.65% for 5 years would be $191.35 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.

 

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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 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.

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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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 65192SC MLS 2894

Mortgage Express
MORTGAGE EXPRESS SPECIAL - Valid August 1 - August 31, 2020.

Mortgage Express

Annual Percentage Rate

10 Years

3.25%*4

15 Years

3.375%*4

4Our Mortgage Express Loan Special is valid from August 1 - August 31, 2020. APR = Annual Percentage Rate. It 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 loan at 3.25% apr for 10 years would be $244.82 per month. 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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Loan calculator button

*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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