Loan Rates | Healthcare Financial FCU (New Haven, CT)

Loan Rates

Low Lending Rates: 

         Another example of our commitment to our membership! 

 

For more information, contact the Lending Department. Please do not include any sensitive information when emailing us.


Rates accurate as of 01/11/2024. Rates are subject to change without notice.

 

Unsecured Loans

Loan TypeAmountAPR*Term
Personal $500 - $15,000 As low as 9.00% Up to 60 months
Home Improvement $1,000 - $15,000 As low as 6.49% Up to 60 months
Line of Credit/Overdraft Protection $500 - $3,000 15.00% N/A

VISA Classic Credit Card

View Disclosure

$500 - $15,000

14.00% - 18.00% on Purchases

18.00% on Cash Advance

N/A
* APR = Annual Percentage Rate
Your rate may vary from the above rate and will be determined by your credit history.

Secured Loans

Loan TypeAmountAPR*Term
Personal $500 - Up to Balance in Savings Account 3.00% Above Savings Rate 120 months

VISA Secured Credit Card

View Disclosure

$300 - $3,000

18.00%

N/A

*APR=Annual Percentage Rate
Your rate may vary from the above stated rates and will be determined by your credit history and/or term.

Terms of Repayment Example - 24 monthly payments of $45.68 per $1,000 borrowed at 9.00%APR
Terms of Repayment Example - 24 monthly payments of $44.54 per $1,000 borrowed at 6.49%APR
Terms of Repayment Example - 120 monthly payments of $9.77 per $1,000 borrowed at 3.25%APR

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a real estate loan secured by the members’ principle residence.

Current Rates

  • Introductory Rate for all Risk Based Scores – 2.99% APR* for 6 months
    This introductory rate can be reviewed or eliminated at any time
  • After 6 months – Risk Based Lending Rates Apply
  • Rate is based on Wall Street Journal Prime Rate plus a margin
  • Margins range from 0.25% APR* to 1.25% APR* depending on credit worthiness

Features

  • Open-end variable rate loan
  • Maximum LTV – 80%
  • $15,000 - $150,000
  • Primary residence only - 1-4 family or condominium – CT properties only
  • No fees
  • No points
  • No closing fees (third party fees will be paid if line closed within two years)
  • No prepayment penalty
  • Rate is based on Wall Street Journal Prime Rate
  • Interest rate – Risk based
    Monthly interest rate cycle
  • 5 year draw period with 15 year amortization (total 20 years maximum)
  • Initial advance $1,000 – minimum subsequent advances $500
  • Interest Rate Maximum – 18% APR*
  • Interest Rate Minimum – 3% APR*
  • No periodic cap
  • Property insurance required
  • APR = Annual Percentage Rate

Home Equity Loan

TermFixed APR (Annual Percentage Rate)
Up to 60 months As low as 5.99%
120 months As low as 6.24%
180 months As low as 6.75%
  • Maximum LTV - 80%
  • $15,000 to $250,000
  • Refinance of current loan available
    Restrictions may apply - ask for details
  • Primary Residence Only
  • Maximum Term - 180 Months
  • No Fees
  • No Points
  • No Closing Cost
  • No Pre-Payment Penalty
  • 1-4 family or condominium
  • CT Properties Only
    Property Insurance Required
  • Subordination Request - $75.00
  • Property Insurance required
  • Your rate may vary from the above rate and will be determined by your credit history.

Terms of Repayment Example - 60 monthly payments of $19.33 per $1,000 borrowed at 5.99% APR
Terms of Repayment Example - 120 monthly payments of $11.22 per $1,000 borrowed at 6.24% APR
Terms of Repayment Example - 180 monthly payments of $8.85 per $1,000 borrowed at 6.75% APR

 

Please Note: Above stated Repayment Example payments do not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater.

Vehicle Loans

  • 100% Financing Offered on purchases of New and Used Vehicles, based on NADA retail values and creditworthiness
  • Refinancing of vehicle loan at another financial institution and lease buy-out also available

Auto Loans

Term

New APR*

2023-2024 

Demos < 10,000 miles

Used APR*

2017-2023

Used APR*

2016 & Older

Classic APR*

20+ years

Up to 48 months 5.84% 6.34% 7.10% 7.60%
Up to 60 months 6.10% 6.60% 7.10% 7.60%
Up to 72 months 6.35% 6.85% N/A N/A
Up to 84 months 6.60% N/A N/A N/A
* APR = Annual Percentage Rate
Your rate may vary from the above rate and will be determined by your credit history.

Motorcycle Loans

Term

New APR*

2023-2024 

Demos < 10,000 miles

Used APR*

2017-2023

Used APR*

2016 & Older

Up to 48 months 6.34% 6.84% 7.60%
Up to 60 months 6.60% 7.10% 8.00%
Up to 72 months

6.85%

7.35% N/A
Up to 84 months 7.10% N/A N/A
* APR = Annual Percentage Rate
Your rates may vary from the above rate and will be determined by your credit history.

Recreational Vehicle Loans

RVs, ATVs, Boats, Jet Skis

Term

New APR*

2023-2024 

Demos < 10,000 miles

Used APR*

2017-2023

Up to 48 months 8.00% 8.50%
Up to 60 months 8.75% 9.25%
Up to 72 months 9.50% 10.00%
Up to 84 months 10.00% 10.50%
* APR = Annual Percentage Rate
Your rates may vary from the above rate and will be determined by your credit history.

Terms of Repayment Example - 48 monthly payments of $23.41 per $1,000 borrowed at 5.84% APR
Terms of Repayment Example - 60 monthly payments of $19.38 per $1,000 borrowed at 6.10% APR
Terms of Repayment Example - 72 monthly payments of $16.74 per $1,000 borrowed at 6.35% APR
Terms of Repayment Example - 84 monthly payments of $14.90 per $1,000 borrowed at 6.60% APR

 

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