Fair terms for strong growth.
View the latest personal loan rates available through Sovita Credit Union below.
Loan Interest Rates:
Automobile
|
Model Year/ Information
|
Annual Percentage Rate**
|
Maximum Length of Loan in Months
|
Estimated Monthly Payments per $1,000 Borrowed
|
|---|
|
2023-2024 Auto/Truck
|
4.99%*
|
36
|
$29.97
|
|
2023-2024 Auto/Truck
|
5.99%*
|
48
|
$23.49
|
|
2023-2024 Auto/Truck
|
5.99%*
|
60
|
$19.33
|
|
2023-2024 Auto/Truck
|
6.99%*
|
72
|
$17.05
|
|
2020-2022 Auto/Truck
|
5.99%*
|
48
|
$23.49
|
|
2020-2022 Auto/Truck
|
5.99%*
|
60
|
$19.34
|
|
2020-2022 Auto/Truck
|
7.25%*
|
72
|
$17.18
|
|
2019 Auto/Truck
|
5.99%*
|
48
|
$23.49
|
|
2019 Auto/Truck
|
6.49%*
|
60
|
$19.67
|
|
2018 Auto/Truck
|
6.49%*
|
48
|
$23.72
|
|
2018 Auto/Truck
|
6.49%*
|
60***
|
$19.67
|
|
2017 Auto/Truck
|
6.49%*
|
48***
|
$23.72
|
|
2017 Auto/Truck
|
6.49%*
|
60***
|
$19.67
|
|
2016 Auto/Truck
|
8.25%*
|
30
|
$37.03
|
|
2016 Auto/Truck
|
8.75%*
|
36
|
$31.70
|
|
2016 Auto/Truck
|
8.75%*
|
42
|
$27.75
|
* Loans currently held by Sovita Credit Union may not be refinanced under this offer.
** Annual Percentage Rate (APR) is available as of January 10, 2024 and is subject to change without notice. All loans are subject to credit approval. Rate shown is offered to members with good credit. Members with less satisfactory credit may qualify for a loan at a higher interest rate. Please contact our Loan Department for additional information.
*** Must have fewer than 150,000 miles.
Home Equity
|
Type of Loan
|
Annual Percentage Rate**
|
Maximum Length of Loan in Months
|
Estimated Monthly Payments per $1,000 Borrowed
|
|---|
|
Real Estate Equity - 80% LTV
|
5.50%
|
36
|
$30.21
|
|
Real Estate Equity - 80% LTV
|
5.75%
|
60
|
$19.23
|
|
Real Estate Equity - 80% LTV
|
6.00%
|
84
|
$14.62
|
|
Real Estate Equity - 80% LTV
|
6.25%
|
120
|
$11.24
|
|
Home Equity Line of Credit (variable rate)
|
8.00% Variable Rate Changes Quarterly ***
|
|
|
*Please consult your tax/financial advisor with regard to your personal situation.
**All loans are subject to credit approval. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information. Annual Percentage Rate (APR) is effective as of October 1, 2023 and subject to change without notice.
*** The Annual Percentage Rate (APR) may change up to four times a year. Changes will be made on the first day of January, April, July and October. The APR is based on the Prime Lending Rate in effect three business days prior to the first day of each calendar quarter plus or minus a margin. The margin you receive will be based on credit history. However, the APR shall never be less than 4 percent or higher than 13 percent. The "Prime Lending Rate" means the average prime rate of major U.S. money center commercial banks as published in the Wall Street Journal (or alternate publication, if required). The APR may increase or decrease if the Prime Lending Rate increases or decreases. An increase may cause you to have to make more payments on your loan but the amount of the payments will not change. The minimum monthly payment amount is $1.25 for each $100.00 borrowed, but the monthly payment will never be less than $100.00.
Large RV Loans - Travel Trailer, Motorhome and Fifth Wheel RVs
|
Model Year/Information
|
Annual Percentage Rate**
|
Maximum Length of Loan in Months
|
Estimated Monthly Payment per $1,000 borrowed
|
|---|
|
2020-2024
|
7.50%
|
60 months
|
$20.04
|
|
2020-2024
|
8.00%
|
84 months
|
$15.59
|
|
2020-2024
|
8.50%
|
120 months
|
$12.40
|
* All loans are subject to credit approval. Down payment requirements may apply for approved and qualified borrowers.
** Annual Percentage Rate (APR) is effective as of January 10, 2024 and subject to change without notice. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information.
Boat Loans
|
Model Year/Information
|
Annual Percentage Rate**
|
Maximum Length of Loans in Months
|
Estimated Monthly Payment per $1,000 borrowed
|
|---|
| 2020-2024 |
6.99% |
60 months |
$19.80 |
| 2020-2024 |
7.49% |
84 months |
$15.33 |
| 2020-2024 |
7.99% |
120 months |
$12.13 |
* All loans are subject to credit approval. Down payment requirements may apply for approved and qualified borrowers.
** Annual Percentage Rate (APR) is effective as of January 10, 2024 and subject to change without notice. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information.
Other Loan Interest Rates
|
Type of Loan
|
Annual Percentage Rate **
|
Maximum Length of Loan in Months
|
Estimated Monthly Payment per $1,000 borrowed
|
|---|
|
Share Secured
|
4.00%
|
48
|
$22.58
|
|
Share Secured
|
6.50%
|
120
|
$11.36
|
|
Certificate of Deposit Secured
|
Higher of 4.00% or 3.00% Plus CD Interest Rate
|
Term of Certificate
|
(Assuming a 4.00% interest rate for a 12 month loan) $85.14
|
|
Unsecured Loans (including Lines of Credit)
|
8.90%
|
60
|
$20.71
|
* All loans are subject to credit approval. No down payment required for approved and qualified borrowers.
** Annual Percentage Rate (APR) is effective as of January 1, 2023 and subject to change without notice. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information.
|