Consumer Loan Rates

Effective Date   March 13th, 2024

*Rates are subject to change without notice.

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Unsecured Consumer Loans

Unsecured Personal Loans Up To $15,000  *On a 5 yr, unsecured loan for $15,000 with an interest rate of 12.000% the principal and interest payment would be $333.67 per month.

TERMAPR
Up to 36 months10.000%
Up to 48 months10.750%
Up to 60 months12.000%
Credit score of 650-699 is eligible for an unsecured loan of $2500. Credit score of 700-750 is eligible for an unsecured loan of $3,500. Credit score of 751 or higher is eligible for an unsecured loan of $5,000. Loans ranging from $5,001 - $15,000 are subject to underwriting.
Application is required.

Checking Line of Credit up to $5,000
Credit score of 650-699 eligible for a line of $500. Credit score of 700-750 eligible for a line of $2,500 and credit score of 750 or higher eligible for a line of $5,000. Application required.

RateAPR
18.000%18.000%

Unsecured Home Improvement Loans – Up to $15,000 Must provide estimates.
All rates and terms quoted are for 1 – 2 unit owner occupied Maximum unsecured Home Improvement loan for $15,000. *On a 5 yr. Home Improvement for $15,000.00 with an interest rate of 9.500% (9.500%  APR) the principal and interest payment would be $315.03 per month.  

TermRateDown Payment
60 months9.500%0%

Unsecured Pool Loans
On a 8 yr. Unsecured Pool Loan for $60,000.00 with an fixed interest rate of 8.500% (8.500%  APR) the principal and interest payment would be $863.53 per month.  

TermRate
60 to 144 months8.500%

Credit scores of 740 and above require 10% down. Credit scores of 739 and below require 20% down. 


Consumer Secured Loans

Secured Auto Loans: New and Used Auto Rates  *On a 7 yr, secured auto loan for $25,000 with an interest rate of 7.250% the principal and interest payment would be $380.38 per month.

YEARRATETERM
2024- 20237.250%Up to 84 months
2022-20207.500%Up to 72 months
2019-20187.750%Up to 60 months
20178.250%Up to 48 months
2016 or older9.250%Up to 36 months

New/Used Secured Boats, RV loans, and Hauling Trailers *On a 5 yr, secured RV loan for $50,000 with an interest rate of  8.250% the principal and interest payment would be $1,019.81 per month.

TERMRATEDOWN PAYMENT
48 months8.000%0%
60 months8.250%0%
72 months9.000%0%
84 months9.500%10%
96-120 months9.750%15%
144-180 months10.750%15%

Secured Snowmobiles, Motorcycles, ATV’s *On a 5 yr, secured motorcycle loan for $10,000 with an interest rate of 9.000% the principal and interest payment would be $207.58 per month.

TermRateDown Payment
up to 60 months9.000%0%

 

Home Equity Lines of Credit – Primary Residences Only
Closing Cost /fees are waived if line is maintained for three years. On a 15 Yr. HELOC for $100,000 with an interest rate of 8.500% (8.500% APR) the principal and interest payment would be $984.74. For complete terms and conditions please visit our Home Equity Line of Credit Page.

TermCurrent Prime + 0%
25 Years8.500%

 

Home Equity Fixed Rate Loans
Primary Residence
Closing Cost /fees are waived after loan has remained open for 36 months. On a 10 Yr.  Home Equity Loan for $50,000 with an interest rate of  7.500% (7.500% APR) the principal and interest payment would be $593.51. 

Term1st Lien Position 2nd Lien Position
10 Years Prime - 1% Prime - .25%
15 YearsPrime - .50%Prime - 0%

Secondary Residence
Closing Cost /fees are waived after loan has remained open for 36 months. On a 10 Yr.  Home Equity Loan for $50,000 with an interest rate of  9.500% (9.500% APR) the principal and interest payment would be $646.99.

Term1st Lien Position 2nd Lien Position
10 Years Prime + 1% Prime + 1.25%
15 YearsPrime + 1.50%Prime + 2%

As of 12/28/2023 rates are based on the current Prime of 8.500%. Rates are variable and may adjust periodically based on the changes to the Prime Rate, as published in the Wall Street Journal. 

Cash Secured
Loan secured by Seneca Savings account – Account Rate plus 3% – 100% of account balance

TermRateDown Payment
60 months3% above current savings/CD rate0%