A lighter spend from a smarter lend.
Get our lowest-possible interest rates with the most flexible repayment terms plus local processing. Sovita Credit Union loans and refinancing plans are built entirely around you, so they save you more time and money. Even on existing terms from other lenders.
Apply online, via telephone, in person at any of our offices or at one of Sovita’s automobile dealership partners.
You can also call (800) 369-2786, (810) 720-8300 or (810) 664-5351 to speak with a Sovita Loan Representative.
Through our partnership with AmeriCU Mortgage, Sovita members can expect:
It takes minutes to apply online. You can also call (248) 247-1894 to speak with a representative.
Sovita offers two home equity loan types (consult your tax advisor about your particular situation):
Traditional Second Mortgage. Borrow a specific amount to be repaid over a set period of time with equal low monthly payments and a fixed interest rate.
Home Equity Line of Credit. Borrow the amount you need, up to your approved limit, as you need it. Your payments are based on the amount of your last loan advance.
To apply for a Home Equity Loan, call our Loan Department at (800) 369-2786, (810) 720-8300, (810) 664-5351 or e-mail firstname.lastname@example.org.
The interest rates for home equity loans are typically lower than interest rates for personal loans, and the interest you pay may be tax-deductible**. Consider a Home Equity Loan for home improvements or repairs, college tuition and expenses, vacation or wedding expenses or to consolidate high interest rate debt.
** Please consult your tax advisor about your particular situation.
Secure extra funds for travel, holidays or summer expenses at a low fixed interest rate.
No collateral is required for loan approval, your signature is all that’s needed to guarantee the loan.
It takes minutes to apply online. You can also call (800) 369-2786, (810) 720-8300 or (810) 664-5351 to speak with a Sovita Loan Representative.
Fair terms for strong growth.
View the latest personal loan rates available through Sovita Credit Union below.
* Loans currently held by Sovita Credit Union may not be refinanced under this offer.
** Annual Percentage Rate (APR) is available as of November 1, 2020 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.
*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 January 1, 2021 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.
* All loans are subject to credit approval. No down payment required for approved and qualified borrowers.
** Annual Percentage Rate (APR) is effective as of 1/1/2021 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.