Personal Loans & Lines of Credit
Personal Loans
Personal loans are useful in situations where you simply need funds for a unique purpose or to consolidate debt. Typical loan requests range from $100 to $20,000. Loan amounts above this range are considered on an exception basis.
- Competitive fixed rate
- Up to 60-month repayment term
- Fast & easy pre-approvals
- AutoPay convenience
Personal Lines of Credit
Personal Lines of Credit offer you the flexibility of having the funds available to use when you need them, now and in the future. Typical loan requests range from $100 to $20,000. Loan amounts above this range are considered on an exception basis.
- Borrow funds up to your approved limit; pay down/off then borrow the funds again without re-applying
- Fast & easy pre-approvals
- AutoPay convenience
| Personal Loans and Lines of Credit | Annual Percentage Rate |
|---|---|
| Fixed Rate (Up to 60 months) | 10.00% |
| Variable Rate Open-end Line of Credit2 | 12.50% |
| Overdraft Line of Credit | 17.50% |
2 APR may adjust quarterly on the 1st of January, April, July and October. Rate calculation based on the 6-month Treasury Bill plus margin of 8% rounded to the nearest one quarter of one percent. Will not increase or decrease more than 2% at any one adjustment. Maximum APR 18.00%.
AutoPay
Available AutoPay options:
- Pay the minimum payment due
- Pay an amount you choose (above the minimum payment amount)
There are three AutoPay methods to choose from:
- Internet Banking scheduled transfer – setup and managed by you:
- Transfers occur before 9:00 AM on the date scheduled.
- Internal Transfer set up by Pittsford FCU – Contact [email protected] to add, edit or delete
- If the funds are not available at the time of transfer our system will attempt to transfer daily until the transfer is complete.
- A Direct Debit from an external savings or checking account – Contact [email protected] for a Direct Debit form