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All loan rates shown below are quoted as Annual Percentage Rates (abbreviated APR). All consumer loans are calculated on a simple interest basis and carry no pre-payment penalties or pre-paid interest charges. Optional credit life and credit disability insurance is available to most borrowers on many types of loans at a very reasonable charge. Special terms and conditions apply to certain mortgage loans, so be sure and consult our mortgage loan information page for more complete information. All posted loan rates and terms are subject to change without notice. Velocity Credit Union is an Equal Housing lender.
Loan rates are published at the lowest rates available. Your actual loan rate may vary from those published below. Your Annual Percentage Rate is determined by your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
At Velocity we value our members, and want to say "Thanks for putting your faith in us and for using our services." So we created the Member Rewards Program, where you can earn up to .50% discount on your next loan with us. Member Reward discounts are available on all loans except some Real Estate loans, Quickloans, share secured and certificate secured loans. Prime rate does not qualify for the Member Reward Program. Following are ways you can earn a discount on your next loan.
- .25% discount when you keep $5,000 in deposit accounts at Velocity
- .50% discount when you keep $10,000 in deposit accounts at Velocity
- .25% installment loan rate discount is offered with any new or existing deposit account with a minimum of $300 in monthly direct deposit.
- .25% discount with 20% down payment on eligible secured loans
- .25% discount for Elite Rewards members
- .10% discount on Home Equity and Home Improvement loans when payment is automatically withdrawn from your Velocity checking or share (savings) account.
- .25% discount on Home Equity loans when Velocity Credit Union is the first lien holder on the property.
- The maximum Rewards rate reduction for Home Equity and Home Improvement loans is 0.25%
Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
* 100% financing is available on all new models. Financing terms up to 66 months are available only on autos with a retail value greater than $11,000. Financing terms for 67-75 months are available only on autos with a retail value greater than $18,000.
**Promotion rate only available on vehicles that retail above $18,000.00.
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Refinance your auto or truck loan from your present financial institution to Velocity. If your loan is three months old or less, we will refinance it at our low, new car rates.
Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
* 100% financing available to qualified borrowers. Special financing rates and terms are available (up to 5 years) to owners/purchasers of qualified classic, antique, and collectible vehicles. Financing terms up to 66 months are available only on autos with a retail value greater than $11,000. Financing terms for 67-75 months are available only on autos with a retail value greater than $18,000.
**Promotion rate only available on vehicles that retail above $18,000.00.
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Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
Are you eligible for our Member Reward Program? Check out the details at the beginning of the Loan Rates section. You may be able to save up to .50% on your loan!
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Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
* Downpayment requirement based on vehicle price excluding tax, title, transfer, license and dealer discounts.
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Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
* 100% financing is available to qualified borrowers on used motorcycles, boats, motor homes, travel trailers and camper loans. Velocity reserves the right to reduce loan term depending upon value and condition of vehicle/collateral.
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Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
Apply for a Home Loan
Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.
* Loans for personal computers are limited to 60 months maximum.
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Velocity offers some of the best home mortgage services in town to help you finance or re-finance your home. A wide variety of fixed and variable rate products are available to our members through our mortgage loan specialists. Contact the Credit Union directly for rates and other information at (512) 469-7076 or (800) 933-2029 extension 7076.
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