Loan Rates & Guidelines
Effective December 19, 2022
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 $30.00, 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 $1,200 up to 12 months |
7.00% |
Holiday Helper Loan
Borrow up to $700 up to 7 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 |
4.99% |
49 - 60 months |
5.29% |
61 - 75 months |
5.89% |
76 - 84 months |
6.79%2 |
Used Auto - as low as
Terms |
Rate* |
Up to 48 months |
5.24% |
49 - 60 months |
5.54% |
61 - 75 months |
6.14% |
76 - 84 months |
7.04% |
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 |
9.29% |
New and Used |
85 months and greater |
10.29% |
Rate Disclosures
This loan does not require a credit pull. Member must be in good standing for at least 90 days and have a minimum monthly income of $500. After perfect payment history, member can get the Holiday Helper Loan for $1,000 with no processing fee. Contact the Credit Union for full details.
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.