Other Consumer Loan Rates

Other Consumer Loan Interest Rates

Rates as of September 1, 2014

Fixed-Rate Line of Credit

 

APR**

Line of Credit 16.00%

Business Loans

Credit Score*

Term

Interest Rate

700 & Above Up to 48 Months (Secured) 5.50%
  49 to 60 Months (Secured) 7.25%
  Up to 48 Months (Unsecured) 5.50%
  49 to 60 Months (Unsecured) 7.50%
650 to 699 Up to 48 Months (Secured) 7.50%
  49 to 60 Months (Secured) 8.50%
  Up to 48 Months (Unsecured) 8.00%
  49 to 60 Months (Unsecured) 9.00%
649 & Below Up to 48 Months (Secured) 8.50%
  Up to 48 Months (Unsecured) 9.00%

Business Loan Payment Examples (Secured Loans)

 

Credit Score*

Term  
(months)    

Amount Borrowed

Monthly Payment

Total Loan & Interest

APR**

700 & Above 60 $7,500 $149.40 $8,963.71 7.243%
650-699 60 $7,500 $153.87 $9,232.44 8.491%
649 & Below 48 $7,500 $184.86 $8.873.39 8.488%

*  Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers.

**Annual Percentage Rate

  • Loans subject to credit approval
  • Interest rates and programs are subject to change without notice
  • Interest rates will be discounted 0.25% with Auto Pay from a Chemung Canal checking or savings account 

About UsInvestor RelationsOffices & ATMsSite MapPrivacy & SecurityContact Us

MemberFDICEqual Housing Lender
Chemung Canal Trust, copyright 2007. All rights reserved