RTP Federal Credit Union
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Rates

Loan Rates

Rates effective November 1, 2017 and subject to change without notice.

Contact our loan department at (919) 941-5700 for more information.

APR = Annual Percentage Rate

All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Loan rates and credit approval may vary depending on each individual's creditworthiness and underwriting factors.

  1. Maximum term for lowest rate is 75 months. Estimated monthly payment at lowest rate of 1.89% for a 75-month term is $15.00 per $1,000 borrowed.
  2. Maximum term for lowest rate is 10 years. Estimated monthly payment at lowest rate of 3.74% for a 10-year term is $11.00 per $1,000 borrowed.
  3. Maximum term for lowest rate is 60 months. Estimated monthly payment at lowest rate of 7.99% for a 60-month term is $21.00 per $1,000 borrowed.
  4. Maximum term for lowest rate is 60 months. Estimated monthly payment at lowest rate of 9.99% for a 60-month term is $22.00 per $1,000 borrowed.
  5. Maximum term for lowest rate is 36 months. Estimated monthly payment at lowest rate of 3.99% for a 36-month term is $30.00 per $1,000 borrowed.

Home Equity Loans

Rates effective November 1, 2017 and subject to change without notice.

All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Loan rates and credit approval may vary depending on each individual's creditworthiness and underwriting factors. Terms up to 15 years. Amount borrowed, desired term, and LTV will have an impact on the approved APR. Estimated monthly payment at lowest rate of 3.25% for a 5-year term is $18.00 per $1,000 borrowed. No closing costs. Appraisal, flood and /or property hazard insurance may be required. Interest may be tax deductible. Consult your tax advisor regarding deductibility of interest. Other restrictions may apply. Other rates and terms available.

Home Equity Line of Credit*

Rates effective November 1, 2017 and subject to change without notice.

All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Credit approval and rates may vary depending on each individual's creditworthiness and underwriting factors. 10-year draw period and 15-year repayment period. Maximum Loan-to-Value (LTV) = 100%. LTV's above 80% may have higher approved APR. Variable rate based on Wall Street Journal prime rate plus 1% APR for lines under $15,000 and 0 .75% APR for lines $15,000 and above. Prime is a variable rate; as it changes, the APR on your account will also change. The maximum APR that can apply is 18.00%. The minimum line of credit amount is $5,000 and the minimum loan advance is $300. No closing costs. An appraisal, flood, and /or property hazard insurance may be required. Interest may be tax deductible. Consult your tax advisor regarding deductibility of interest. Other restrictions may apply.

  1. Estimated monthly payment at lowest rate of 4.00% for a 15-year term is $8.00 per $1,000 borrowed.
  2. Estimated monthly payment at lowest rate of 4.25% for a 15-year term is $8.00 per $1,000 borrowed.

Share/Money Fund

Variable interest rate subject to change at any time without notice. Applicants may borrow as much as their Savings (Share) Account or Money Fund Account balance.

General Policies

Credit approval and rates may vary depending on each individual's credit history, profile, and underwriting factors. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice.

Repayment

Payment for a loan is easy with a payroll deduction or automatic transfer from your checking, savings, or money fund. Payroll deduction is not available for Home Equity or Visa payments.

Loan Payment Protection

We offer credit life and credit disability coverage to protect your loan at a very low cost! Ask your Loan Officer for details.

Variable Rate Loans

Rates are subject to change at any time without notice. This guarantees that credit union interest rates will keep pace with the economy and protect both the individual and the membership as a whole.

Fixed Rate Loans

These loans offer you the security of an interest rate that remains constant over the life of the note.

Home Equity Loans

Enjoy a fixed rate for the life of your loan with payment amounts that never change. You receive the entire loan amount at closing. A Home Equity Loan is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is only available for homes with permanent foundations.

Home Equity Line of Credit

Our Home Equity Line of Credit is there when you need it-simply access your funds by writing a check or transferring funds. Certain restrictions may apply. No interest is charged until the credit line is used.

Home Improvement Loans

Our "no equity" Home Improvement Loans are a great lending option for home improvements, large or small. Available for home improvement purposes only.

NCUA Equal Housing Lender
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