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 January 1, 2021
Classroom Cash Loan | |
Classroom Cash Loan | Annual Percentage Rate |
Up to 10 Months |
0% |
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.
Back to School Loan | |
Back to School Loan | Annual Percentage Rate |
Maximum repayment term is 12 months |
7.5% |
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.
Visa Classic Credit Card with ScoreCard Rewards & Visa Platinum Credit Card | ||
Description | 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. |
25 day grace period on purchases only. |
Minimum Monthly Payment |
3.00% of the balance or $25, |
3.00% of the balance or $25, |
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 Loanliner Disclosure
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 |
17 years - new cars only.
Maximum loan amount for vehicle loans: $50,000.00.
Payment Example: A $10,000 Car Loan financed for 60 months at 3.75% apr would be $191.81 per month including Credit Disability Insurance.
Vehicles & Motorcycles Older Models | |
Vehicles & Motorcycles – Older Models | Annual Percentage Rate |
8 – 12 years old |
3.00% above regular |
13 – 15 years old |
6.00% above regular |
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.
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 |
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.
Personal* | |
JUST FOR YOU LOAN SPECIAL: Effective January 1 - February 28, 2021 | |
Personal Loan | Annual Percentage Rate |
12 Months |
3.85%*2 |
24 Months |
4.85%*2 |
36 Months |
5.85%*2 |
48 Months |
6.85%*2 |
49 - 84 Months |
8.85%*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 Just for You Personal Loan Special is valid from January 1 - February 28, 2021. APR = Annual Percentage Rate. Payment example: a $5,000 loan at 5.85% apr for 36 months would be $156.14 per month including Credit Disability Insurance for the primary borrower only. Rate may vary depending on various lending factors.
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.
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 financed at 4.00% for 36 months would be $14.76 per month.
Share Certificate Secured | |
Share Certificate Secured | Annual Percentage Rate |
Due Upon Maturity |
3.00% Above Certificate Rate |
Minimum loan amount is $500.00.
Home Equity - Fixed* | ||||
Home Equity – Fixed | Annual | Annual | Annual | Annual |
Loan to Value is 80% and Below |
3.00%* |
3.25%* |
3.50%* |
4.00%* |
Loan to Value is 80.01% - 90% |
4.50%* |
4.75%* |
5.00%* |
5.50%* |
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 120 months at a rate as low as 3.50% apr would be $108.14 per month including Credit Disability Insurance.
Home Equity - Line of Credit (HELOC) | |
Home Equity Line of Credit (HELOC) | Annual Percentage Rate |
Loan to Value is |
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.
Home Equity Line of Credit Disclosure
What You Should Know About Home Equity Lines of Credit
Page 1 and Page 2
Mortgages |
Mortgages |
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
Mortgage Express | |
Mortgage Express | Annual Percentage Rate |
10 Years |
3.10%* |
15 Years |
3.25%* |
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 3.25% apr for 15 years would be $199.94 per month including Credit Disability Insurance. Your rate may vary from the advertised rate and will be determined by various lending factors. There is a $350 application fee. 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.
*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.