Loan Rates

Loans are repayable in equal monthly installments over the term of the loan. 10-year term availability dependent on availability of designated long-term funds. Example: Monthly payment on a $25,000 loan at 6.99% APR for 60 months is $494.87. Total finance charge: $4,692.12. Total loan cost: $29,692.12. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required.

Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 12/19/24, the Prime Rate was 7.50%. Rate determined by available line of credit as low as the following: $99,000 or more, Prime; $50,000-$98,999, Prime plus .25%; $25,000-$49,999, Prime plus .75%; $5,000-$24,999, Prime plus 1.50%. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required. Maximum APR: 18%. Minimum APR as low as 3.99%. Initial advance of at least $5,000 is required at the time of loan disbursement. Subsequent advances must be at least $500. Minimum monthly payment $120. A $50 annual fee is waived the first year and then becomes effective for the remaining four years of the draw period. If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $500.

Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 12/19/24, the Prime Rate was 7.50%. Rate determined by available line of credit as low as the following: $99,000 or more, Prime plus .25%; $50,000-$98,999, Prime plus .50%; $25,000-$49,999, Prime plus 1.00%; $5,000-$24,999, Prime plus 1.75%. Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Amount financed is subject to credit and property approval. Homeowner's insurance is required. Maximum APR: 18%. Minimum APR as low as 3.99%. Initial advance of at least $5,000 is required at the time of loan disbursement. Subsequent advances must be at least $500. Minimum monthly payment during principal balance plus interest repayment period is $120. A $50 annual fee is waived the first year and then becomes effective for the remaining nine years of the draw period. If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $500.

Minimum loan amount is $15,000. 10-year mortgage product availability dependent on availability of designated funds. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $75,000 loan at 5.75% (5.785% APR) for 120 months is $823.50. Total finance charge: $23,918.88. Total loan cost: $99,030.66. Listed rates are for qualified members who borrow up to 80% of their homes’ current market value. Amount financed is subject to credit and property approval. Homeowner's insurance is required. For loans not exceeding $250,000, closing costs will be a maximum of $350 plus the actual cost of an appraisal if it is determined an appraisal is needed. For loans exceeding $250,000, closing costs will be the actual costs. Should it be determined that an appraisal is necessary, you will be charged the appraisal fee at the credit union’s cost.

Listed rates are for up to 110% financing for qualified members. Listed rates include a .10% member account relationship discount (qualifying relationship accounts at time of disbursement are checking, real estate loan, vehicle loan or Visa Platinum). Other terms are available at higher rates. APR may vary based on term and creditworthiness. At the listed rates, the credit union will finance up to 110% of the manufacturer’s suggested retail price less any manufacturer’s rebate for new vehicles and up to 110% of the NADA retail value for used vehicles for qualified members. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $25,000 loan at 4.89% APR for 48 months is $574.49. Total finance charge: $2,575.32. Total loan cost: $27,575.32. Refinances not valid for existing Central Credit Union loans. Secretary of State retitling fee will be added to the loan balance of members who refinance with loans less than $10,000.  84-month loans available for new car purchases or refinances of new cars purchased within one year.

The information about the costs of the cards described above is accurate as of 12/19/24 and is subject to change at any time. To find out what information may have changed, call us at (708) 649-6430 or at (800) 750-3660 if outside Chicago area.