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
Email: msr@tvtfcu.org    View office hours
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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!**

Loan Rates as of July 1, 2016

NEW! 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. Loan monthly payments are approximately $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.

Method of Computing
the Balance for Purchases

Average Daily Balance method
(including current transactions)

Average Daily Balance method
(including current transactions)

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

*APR = Annual Percentage Rate

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.

Visa Loanliner Disclosure >

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Vehicles & Motorcycles**

Vehicles & Motorcycles

Annual Percentage Rate

Up to 3 Years

2.69%* Up to 94% financing

 

3.69%* Up to 104% financing

Up to 4 Years

2.89% Up to 94% financing

 

3.89% Up to 104% financing

Up to 5 Years

3.09%* Up to 94% financing

 

4.09%* Up to 104% financing

Up to 6 & 7 Years1

3.29%* Up to 94% financing

 

4.29%* Up to 104% financing

1New cars only.

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Vehicles & Motorcycles Older Models

Vehicles & Motorcycles – Older Models2

Annual Percentage Rate

8 – 12 years old
(2004 – 2008)

3% above regular
Vehicle & Motorcycle rate

13 – 15 years old
(2001 – 2003)

6% above regular
Vehicle & Motorcycle rate

Maximum loan amount for vehicle loans: $50,000.00. We do not refinance existing TVTFCU loans.

Payment Example: A $10,000 car loan financed for 36 months at 2.69% would be $298.52 per month including credit disability insurance.

2 Maximum term is 48 months. Maximum Loan to Value is 100%.

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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

 

10.00%* 95 - 104% financing

5 to 7 Years

12.00%* Up to 94% financing

 

13.00%* 95 - 104% financing

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Personal*

Personal

Annual Percentage Rate

Up to 1 year

8.50%*

Up to 2 years

9.00%*

Up to 3 years

9.50%*

Up to 4 years

10.00%*

Up to 7 years

11.50%* **

* 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.

Payment example: a $5,000 loan at 9.5% for 36 months would be $165.02 per month including credit disability insurance for the primary borrower only.

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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
Loan to Value:

Annual
Percentage
Rate
5 Year

Annual
Percentage
Rate
7 Year

Annual
Percentage
Rate
10 Year

Annual
Percentage
Rate
12 Year

80% and Below

3.75%*

4.00%*

4.25%*

4.50%*

80.01% - 90%

5.25%*

5.50%*

5.75%*

6.00%*

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 loan at 3.75% for 60 months would be $294.13 per month. The payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. 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 for HELOC is 75%

Variable (Prime + 0)

The rate is based on the prime rate published in The Wall Street Journal on the last business day of the month.

Minimum HELOC is $10,000.00, maximum HELOC is $100,000.00. The maximum Loan to Value for houses is 75% and for condominiums is 70%. The payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Your interest may be tax deductible, 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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Mortgage products offered in partnership with Allanach Mortgage Group, broker's license MA# MB6033 - NH# 5616 - ME# CS04501 - CT# 7160 - RI# 20051935LB.

Mortgage Express

Mortgage Express

Annual Percentage Rate

Up to 10 Years

4.00%

Our Mortgage Express loan is a fixed rate home equity loan secured by a first lien position on your primary residence. This offer applies to a single family owner-occupied home or condominium located in CT or MA. Refinance mortgage transactions only; no cash out and not for purchase money. There is a non-refundable one time origination fee of $350. Minimum loan amount is $25,000. Maximum loan amount is $200,000. Maximum loan-to-value is 75%. TVTFCU does not escrow for insurance and/or taxes. Excludes refinance of any TVTFCU loan. Payment example: a $25,000 loan at 4.00% for 60 months would be $460.41 per month. The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. 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.

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