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Loan Rates
Overview Loan Calculator
Rates Effective As Of 3/27/14
Loan Type Maximum Term Rate Annual Percentage Rate (APR)
New Auto Loans
2013 - 2015 Models Up to 75 months   4.45% APR*
Used Auto Loans
2012 - 2014 Models Up to 75 months   4.45% APR*
2009 - 2011 Models 63 months   5.25% APR*
2007 - 2008 Models 63 months   5.55% APR*
All Others 48 months   5.55% APR**
       
Motorcycle Loans
New 60 months   5.99% APR†
New (less than 10% down payment) 60 months   6.99% APR†
Used 48 months   9.50% APR†
Used (less than 20% down payment) 48 months   10.50% APR†
       
RV/Boat/Trailer/Other Recreational Vehicle
New & Used 60 months   6.50% APR†
New & Used
(less than 20% down payment)
60 months   7.50% APR†
       
Share Secured Loans 24 months Secured Savings Account Rate +3.00%
       
CD Secured Loans To CD Maturity CD Savings Account Rate +3.00%
       
Personal Line Of Credit Revolving Variable APR equal to Prime Rate + 4.00%***
(7.25% APR as of 1/2/13)
     
Personal/Consolidation Loans 48 months 12.99% 12.99% APR†
       
Loan Type Maximum Term Rate Annual Percentage Rate (APR)
Overdraft Protection Revolving Variable APR equal to Prime Rate +6.00%
(9.25% APR as of 1/2/13)
       
VISA Credit Card For information about the rates, fees, features, and benefits associated with the use of a Pawtucket Credit Union VISA® credit card, refer to the disclosures accompanying the online credit card application or call 1-800-558-3424.
       
Equity Line Of Credit      
Introductory Rate
(For initial 12 monthly billing cycle)
15 Year Draw Period 1.99% APR††† Variable APR equal to Prime Rate, with a minimum APR of 4.00% (4.00% APR as of 1/2/13)
       
Equity Loans 5 years 4.00% 4.00% APR****
  10 years 4.125% 4.125% APR****
  15 years 4.50% 4.50% APR****
  20 years 5.25% 5.25% APR****
       
5/5 Spectrum Home Loan 12 years 2.75% 2.925% APR††
3/3 Spectrum Home Loan 12 years 2.60% 2.938% APR††
       
Spectrum Home Loan 12 years   2.95% APR*****

 

Rates are subject to change without notice. Other rates and terms available. Interest rate will be determined by individual creditworthiness.

*Offer applicable for applicants with a credit score of 730 or higher. New autos model years 2013-2015 and used autos model years 2007-2014 with mileage less than 90,000. Advertised APR is the lowest available. Interest rate will be determined by individual creditworthiness. Other rates and terms available. Existing Pawtucket Credit Union auto loans are not eligible for this promotion.

**Advertised APR is lowest available. Interest rate will be determined by individual creditworthiness. Existing Pawtucket Credit Union auto loans not eligible.

†Advertised APRs are the lowest available.

***Variable APR will be based on Prime Rate +3% if $7,500 or more is advanced at loan closing. Prime Rate is the Prime Rate published in the Wall Street Journal. Automatic payment discount does not apply. Maximum loan amount: $25,000.

†††Advertised Introductory 1.99% Annual Percentage Rate (APR) is the lowest available, is fixed for the first 12 months and an initial disbursement of $25,000 or more immediately after 3-day rescission period. Offer applicable for applicants with a credit score of 700 or higher. After initial 12 monthly billing cycles, rate becomes variable based on Prime, with a floor of 4.00% (4.00% APR as of 1/2/13). Interest rate and line amount determined by individual creditworthiness and loan-to-value ratio. Account subject to individual approval. 1-4 family, owner-occupied, primary residence properties only. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. APR will not exceed 21% or fall below 4.00%. No annual fee for first year, then $50 per year. Existing PCU home equity lines/loans are not eligible for refinance with this promotion.

****Advertised APR available for qualifying properties with a loan-to-value (LTV) of 80% or less. Advertised APR is lowest available. Other rates and terms available. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Interest rate will be determined by individual creditworthiness and loan-to-value ratio. Account subject to individual approval.1-4 family owner-occupied primary residence properties only.

*****Existing Pawtucket Credit Union Spectrum Home Loans are not eligible for this promotion. 2.95% APR available for qualifying properties, first lien position equity, with a loan-to-value (LTV) of 80% or less, and a maximum repayment period of 144 months. A minimum credit score of 675 is required for all borrowers. Advertised APR is lowest available (as of 4/18/13). Other rates and terms available. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only. Existing Pawtucket Credit Union Spectrum Home Loans are not eligible for this promotion. Repayment example: $8.26 per $1,000 borrowed for initial 144 monthly payments.

†† 2.925% APR on a 5/5 adjustable rate loan is fixed for the first 60 months and then may change every five years. Available for qualifying properties, first lien position equity, with a loan-to-value (LTV) of 80% or less, and a maximum repayment period of 144 months. Max Adjust 1/2% within first 10 years. Lifetime Cap 1%. A minimum credit score of 675 is required for all borrowers. Advertised APR is lowest available. Other rates and terms available. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only. Existing Pawtucket Credit Union Spectrum Home Loans are not eligible for this promotion.

ttt 2.938% APR on a 3/3 adjustable rate loan is fixed for first 36 months and then may change every three years. Available for qualifying properties, first lien position equity, with a loan-to-value (LTV) of 80% or less, and a maximum repayment period of 144 months. A minimum credit score of 675 is required for all borrowers. Advertised APR is lowest available as of 10/3/12. Other rates and terms available. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only. Existing Pawtucket Credit Union Spectrum Home Loans are not eligible for this promotion.

Repayment Examples:
For new auto loans: At 4.45% APR, 60 monthly payments of $18.63 per $1,000 borrowed.
For used auto loans: At 4.45% APR, 60 monthly payments of $18.63 per $1,000 borrowed.
For equity loans: At 5.25% APR, 240 monthly payments of $6.74 per $1,000 borrowed.
For Spectrum Home Loan: At 2.95% APR, 144 monthly payment of $8.26 per $1,000 borrowed.
For new motorcycle loans: At 5.99% APR, 60 monthly payments of $19.33 per $1,000 borrowed.
For new RV/boat/trailer loans: At 6.50% APR, 60 monthly payments of $19.57 per $1,000 borrowed.
For personal loans: At 12.99% APR, 48 monthly payments of $26.83 per $1,000 borrowed.

Product Specials
 
ncua Your savings federally insured to at least $250,000 and backed by
the full faith and credit of the United States Government. National
Credit Union Administration, a U.S. Government Agency.
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Pawtucket Credit Union is an Affirmative Action / Equal Opportunity Employer.
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