Personal Loan Rates

Personal Loan Interest Rates

Take advantage of our special loan interest rates!

CONSUMER LOANS
2.00% APR* with terms up to 36 months
3.00% APR* with terms up to 60 months

Let's make it happen!

For a limited time, you can take advantage of our special promotional interest rates.

*Annual Percentage Rate (APR) is based on evaluation of applicant’s credit and actual APR may vary. Subject to credit approval. New money of at least $2,500 required for promotional APR. Loans $10,000 and above must be fully secured. Maximum term is 60 months. A $10,000 fully-secured loan with a 4-year term and a 3.00% APR will require 48 monthly payments of $221.34. Interest rates and programs are subject to change without notice. Not valid for single-pay loans, credit-builder loans or trust-secured lines of credit. 

 

Rates as of April 1, 2014

Credit Score*

Term

Interest Rate (Secured)

Interest Rate (Unsecured)
700 & Above up to 48 Months 5.50% 6.50%
700 & Above 49 to 60 Months 6.50% 8.50%
650-699 up to 60 Months 7.00% 9.50%
649 & Below up to 48 Months 9.00% 11.00%

Payment Examples - Secured Loans

Credit Score*

Term

Amount

Monthly Payment

Total Loan & Interest

APR**

700 & Above 60 $5,000  $97.83 $5,869.84 6.491%
650-699 60 $5,000  $99.01 $5,940.36 6.993%
649 & Below 48 $5,000 $124.43 $5,972.41 8.985%

Payment Examples - Unsecured Loans

Credit Score*

Term

Amount

Monthly Payment

Total Loan & Interest

APR**

700 & Above 60 $5,000 $102.58 $6,154.96 8.491%
650-699 60 $5,000 $105.01 $6,300.56 9.488%
649 & Below 48 $5,000 $129.23 $6,202.93 10.985%

*  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
  • Loans under $2,500 must be kept to a maximum term of 48 months
  • Loans $10,000 and above must be fully secured
  • Interest rates will be discounted 0.25% with Auto Pay from a Chemung Canal checking or savings account 

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