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Loan Interest Rates

Fair terms for strong growth

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.


View the latest personal loan rates available through Sovita Credit Union below.

2024-2025 Auto/Truck
 
Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
36 Months 4.50%* $29.75
48 Months 4.75%* $22.92
60 Months 5.00%* $18.88
72 Months 5.25%* $16.23

2021-2023 Auto/Truck

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
48 Months 4.75%*
$22.92
60 Months 5.00%*
$18.88
72 Months 5.25 %*
$16.23

2020 Auto/Truck

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
48 Months 4.75%*
$22.92
60 Months 5.00%*
$18.88

2019 Auto/Truck

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
48 4.75%*
$22.92
60***
5.00%*
$18.88

2018 Auto/Truck

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
48*** 5.50%*
$23.26
60*** 5.50%*
$19.10

2017 Auto/Truck

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
30 5.50%*
$35.75
36 5.50%*
$30.20
42 5.50%*
$26.23
* Loans currently held by Sovita Credit Union may not be refinanced under this offer.
** Annual Percentage Rate (APR) is available as of January 1, 2025 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.
Real Estate Equity - 80% LTV

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
36 Months 5.50% $30.21
60 Months 5.75% $19.23
84 Months 6.00% $14.62
120 Months 6.25% $11.24

Home Equity Line of Credit (variable rate) - 7.50% 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 January 1, 2025 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.
2021-2025

Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
60 Months 7.50% $20.04
84 Months 8.00 % $15.59
120 Months 8.50% $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 1, 2025 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.
Maximum Length of Loan in Months Annual Percentage Rate** Estimated Monthly Payments per $1,000 Borrowed
60 Months 6.99% $19.80
84 Months 7.49 % $15.33
120 Months 7.99% $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 1, 2025 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.









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