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Personal Loan

Personal Loan Interest Rates

Rates as of November 20, 2019


Consumer Loan Special Offer!

For a limited time, we are offering a low 3.30% APR** for 3 year loans and 4.40% APR** for 4 year loans! You must have a minimum of 700 credit score. 

Apply Now 

Credit Score*TermInterest Rate (Secured)APR**Interest Rate (Partially Secured)APR**Interest Rate (Unsecured)APR**
740 & Aboveup to 48 Months4.50%4.50%6.50%6.50%8.50%8.50%
740 & Above49 to 60 Months5.50%5.50%7.50%7.50%----
700-739Up to 48 months6.00%6.00%8.50%8.50%10.00%10.00%
700-73949 to 60 Months6.50%6.50%9.00%9.00%----
675-699Up to 48 months8.50%8.50%10.50%10.50%12.50%12.50%
675-69949 to 60 Months9.00%9.00%11.00%11.00%----
674 & Belowup to 48 Months9.50%9.50%11.50%11.50%----
674 & Below49 to 60 months10.00%10.00%12.00%12.00%----

Payment Examples - Secured Loans

Credit Score*TermAmountMonthly PaymentTotal Loan & Interest
740 & Above48$5,000$115$5,511
740 & Above60$5,000$96$5,770
700-73960$5,000$99$5,911
675-69960$5,000$103$6,199
674 & Below48$5,000$128$6,131

Payment Examples - Unsecured Loans

Credit Score*TermAmountMonthly PaymentTotal Loan & Interest
740 & Above48$5,000$123$5,917
700-73948$5,000$127$6,088
675-69948$5,000$133$6,381

*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. 

  • 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

**APR = Annual Percentage Rate.  Minimum 700 credit score required – subject to credit approval.  Minimum loan amount of $2,500 required.  Loans greater than $10,000 must be fully secured.  Maximum term is 48 months.  A $10,000 fully secured loan with a four-year term and a 4.40% APR will require 48 monthly payments of $226.75.  Not valid for single-pay loans, credit-builder loans and trust-secured lines of credit.  Interest rates and programs subject to change without notice.  Applications must be received by November 30, 2019 to be eligible for the promotional APR. No additional rate discounts given for auto pay.