Personal Loan Rates
Our competitive rates allow you to make more of your money
Personal loans can be used to create happy moments. But we know they're often a way to pay for life's necessities - major repairs, important purchases, medical costs, or debt reduction. By keeping a lid on interest rates, we leave you with additional dollars to take on challenges or create opportunities.
Personal Loans
Effective Date: May 1, 2024
| Terms | APR* |
|---|---|
| up to 24 mo | 7.99% |
| 25-36 mo | 8.49% |
| 37-48 mo | 9.24% |
| 49-60 mo | 9.49% |
Loan Payment Example: A $10,000 balance at 9.24% APR would have 48 monthly payments of $247.70 each month.
Variable Rate Line of Credit †
Effective Date: November 13, 2024
| Index (Prime Rate) | Margin | Current APR* | Maximum APR |
|---|---|---|---|
| 7.75% | +10.00% | 17.75% | 17.99% |
Solar Panel Secured
Effective Date: November 28, 2022
| Terms | APR* |
|---|---|
| up to 60 mo | 5.49% |
| 61-72 mo | 5.99% |
| 73-84 mo | 6.49% |
| 85-120 mo | 6.99% |
Loan Payment Example: A $15,000 balance at 6.99% APR would have 120 monthly payments of $174.11 each month.
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† Annual Percentage Rate may vary. Maximum APR that may be imposed in a variable-rate plan = 17.99%. Your variable rate will be the lesser of the current APR, which is the index value plus the margin, or the maximum APR.
Empower Federal Credit Union is a full-service financial institution serving members throughout New York State.