LOAN RATES
Loan rates for credit union members for auto loans, personal loans, "Time-Shifter" first mortgages, home equity loans & lines of credit, and more.
| Loan Type | Term/Maturity | Annual Percentage Rate |
| Personal Loan (Cut the Card Loan) | Up to 48 months | As low as 10.50%* |
| 49 to 60 months | As low as 13.99%* | |
| Overdraft Line of Credit | Open Ended | 18.00% |
| CD Secured | Up to CD Maturity |
3.00% above CD rate |
*We'd Like you to know:
Apr=Annual Percentage Rate. Rates include a 2% discount for electronic payment. Personal loans above $15,000 will receive a 1% additional rate increase.
| Car & Other Vehicle Loans | Term/Maturity | Annual Percentage Rate |
| Car Loans (Includes new and used autos, boats, motorcycles, RVs)* | Up to 24 months | As low as 1.99%* |
| 25 to 36 months | As low as 1.99%* | |
| 37 to 48 months | As low as 1.99%* | |
| 49 to 66 months | As low as 1.99%* | |
| 67 to 72 months** | As low as 2.99%* | |
*We'd Like You to Know:
APR= Annual Percentage Rate. Rate advertised is based on credit worthiness and includes a 2% discount for electronic payment from a United Teletech Checking Account. Used auto must not be older than 7 model years and have no more than 85,000 miles(excluding classic autos).
**To qualify for this term auto must be within 2 model years.
| Variable Home Equity Line of Credit (up to $250,000.00) | |||
| Term | Variable Rate As Low As: | Equity (or loan-to-value) required: | |
| Powerline HELOC | 180 Months |
Introductory rate of 1.99% for 12 Months after APR is as low as Prime Rate + 0.00%(Now as low as 5.00%)* Begins with a fixed interest rate for the initial term and then adjusts according to an index. |
Up to 80% for Single Family** |
We'd Like You to Know:
*APR=Annual Percentage Rate. APR=Annual Percentage Rate. Rate of 1.99% APR is good for twelve (12) months from loan disbursement date, then APR is variable based on the Wall Street Journal Prime Rate plus 0.00% to 0.50%, depending on creditworthiness, and is not to exceed 16%. Prime rate as of 9/24/2019 is 5.00%. Prime rate may change at any time without notice. Stated rate is based on creditworthiness, and includes discount for automatic payment from a qualifying United Teletech Checking account. Minimum Draw of $25,000 Required. HELOC may not exceed 80% Combined Loan-To-Value (CLTV). Max Line amount is $250,000. Fees from $511 to $925 may apply. Offer available to qualified borrowers on 1-4 family primary NJ residences. Offer not valid for refinancing of existing UTF Home Equity Lines less than eight (8) years old. Property insurance is required. This offer ends on November 30, 2019. HELOC rates adjust monthly based on prime rate. The prime rate listed in the Wall Street Journal on the 3rd Thursday of the preceding month will be used to determine rate adjustments. Floor is 3%. Those securing a non-single family home may require more equity. Stated rates are for new loans. Members wishing to refinance an existing UTF loan must pay a fee of 1% of the existing balance.
** If your CLTV is above 80%, you are not eligibile for the introductory rate, but may still be eligible for a HELOC
| Fixed Rate Home Equity Loans (up to $250,000.00) | |||
| Type | Term |
APR As Low As |
Equity Required |
| 5 Year Fixed Rate | 60 Months | 6.25%* | Up to 80% LTV for Single Family |
| 7 Year Fixed Rate | 84 Months | 6.55%* | Up to 80% LTV for Single Family |
| 10 Year Fixed Rate | 120 Months | 7.61%* | Up to 80% LTV for Single Family |
*We'd Like You to Know:
APR= Annual Percentage Rate. LTV percentage is determined by taking the amount you owe on your home divided by the appraised value of your home. Home Equity Loan amounts over $250,000: add 0.25% APR. High LTV loans may require proof that funds are used for home improvement. Rate includes discount for electronic payment.
| First Mortgages | ||
| Please call 866-462-5532 for more information. |
Rates accurate as of 8/06/19
We'd Like You to Know:
*APR=Annual Percentage Rate. Rate includes discount forelectronic payment and may be an introductory special. HELOC rates adjust monthly based on prime rate. The prime rate listed in the Wall Street Journal on the 3rd Thursday of the preceding month will be used to determine rate adjustments. Floor is 2%. Those securing a non-single family home may require more equity. Stated rates are for new loans. Members wishing to refinance an existing UTF loan must pay a fee of 1% of the existing balance.
*Fees may reduce earnings
RATES MAY VARY BASED ON CREDITWORTHINESS AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. PLEASE CONTACT UNITED TELETECH FINANCIAL TO VERIFY RATES.
