Loan Rates & Guidelines
Effective May 1, 2023
RelyOn Credit Union would like to lighten your financial burden by offering you the ability to “skip-a-payment”. By contacting our Loan Department, we can arrange a 30 day extension on your scheduled loan payment for a small processing fee that we've lowered to $50.00, for qualified borrowers. Call our Loan Department today!
Unsecured Loans
Terms |
Rate* |
Up to 60 months |
9.90% - 17.79% |
Teacher Supply Loan
Borrow up to $2,500 up to 24 months |
7.00% |
Line of Credit
Terms |
Rate* |
$10.00 minimum payment |
9.90% - 17.79% |
Mastercard
Type |
Rate* |
Gold |
9.90%-12.90% |
Classic |
12.90%-18.00% |
Secured |
15.90%-18.00% |
New Auto - as low as 1
Terms |
Rate* |
Up to 48 months |
5.75% |
49 - 60 months |
6.15% |
61 - 75 months |
6.55% |
76 - 84 months |
6.79%2 |
Used Auto - as low as
Terms |
Rate* |
Up to 48 months |
5.99% |
49 - 60 months |
6.45% |
61 - 75 months |
6.99% |
76 - 84 months |
7.14% |
Real Estate
All real estate, mortgage, home equity/cash out loan requests |
Call a Loan Officer for information. Real estate loans comply with the Fair Housing Act.
Click here for a Personalized Rate Quote
|
Share (Deposit) Secured Loan
Terms |
Rate* |
Up to 60 months |
4.0% |
RelyOn Certificate of Deposit Secured Loan
3.00% over the certificate rate or an average rate where multiple certificates are being used to secure a loan, not to exceed the term of the certificate. |
Other Secured Loans
The limit is set by law and Credit Union policy, repayment depends on security. Call for rate information. |
Boat, RV, Tractor, Trailer, Equipment, Tiny Home, Motorcycle and
Motor Home Loans, New and Used - as low as 3
Type |
Terms |
Rate* |
New and Used |
Up to 48 months |
6.99% |
New and Used |
49 - 60 months |
7.29% |
New and Used |
61 - 75 months |
7.89% |
New and Used |
76 - 84 months |
8.79% |
New and Used |
85 months and greater |
9.79% |
Rate Disclosures
All loan applications not approved by the Loan Officer will be referred to the Loan Committee for approval or disapproval. Debt ratios in excess of 55% must be ratified by the President or VP of Member Experience.