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Loan Rates

Loan rates are effective September 12, 2022

Loan Information and Available Discounts

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.

Home Equity & Home Improvement Loans

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.

LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000
Home Equity Loans Up to 5 years 4.75% $18.64
Home Equity Loans Up to 10 years 5.14% $10.61
Home Equity Loans Up to 15 years 5.35% $8.04
Home Equity Loans Up to 20 years* 5.58% $6.81
Home Improvement Up to 5 years 7.37% $19.80
Home Improvement Up to 10 years 7.70% $11.87
Home Improvement Up to 15 years 8.15% $9.56
Home Improvement Up to 20 years 8.88% $8.84

*20 year term only available for 1st lien home equity loans.

Home Loans

Please contact us for a rate quote at 512.469.7177

Mastercard Credit Card Rates

Credit card rates effective: October 3, 2022.

An introductory rate of 0% APR applies to Platinum and Platinum Rewards cards for the first 12 months after the card is issued; then the rates will revert to those listed below.

ACCOUNT TYPE AVAILABLE CREDIT LIMITS APR AS LOW AS
Mastercard Platinum $1,000.00 to $25,000.00 10.25% APR
Mastercard Platinum Rewards $1,000.00 to $25,000.00 14.25% APR
Mastercard Classic Secured $500.00 to $5,000.00 14.99% APR
Important Credit Card Disclosures English | Espanol

Personal Loans

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.

LOAN TYPE AMOUNT FINANCED LOAN TERM APR AS LOW AS PAYMENT PER $1,000
Personal Loan Up to $40,000 Up to 60 months 10.49%† $21.50
Line of Credit Up to $20,000 n/a 11.49% 3% of balance, no less than $25

†Our lowest APR includes a Member Rewards discount of 0.50%.

New Autos

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.

APR AS LOW AS LOAN TERM PAYMENT PER $1,000
4.89% with Member Rewards Up to 66 months* $17.31
4.99% with Member Rewards Over 67 to 75 months* $15.55
5.74% with Member Rewards Over 76 to 84 months* $14.48

† Our lowest APR includes a Member Rewards discount of 0.50%.
*100% financing is available on all new models. Financing terms up to 66 months are available only on autos with an MSRP value greater than or equal to $11,000. Financing terms for 67-75 months are available only on autos with an MSRP value greater than or equal to $18,000. Financing terms for 76-84 months are available only on autos with an MSRP value greater than or equal to $30,000.

Used Autos

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.

AGE OF VEHICLE LOAN TERM APR AS LOW AS PAYMENT PER $1,000
Current year to 5 years old Up to 66 months 4.89% with Member Rewards† $17.31
Current year to 5 years old 67 to 75 months 4.99% with Member Rewards† $15.55
Current year to 5 years old 76 to 84 months 5.74% with Member Rewards† $14.48
6 to 7 year old models Up to 54 months 4.89% with Member Rewards† $20.67
6 to 7 year old models 55 to 60 months 4.99% with Member Rewards† $18.87
8 to 10 year old models Up to 36 months 4.99% with Member Rewards† $29.97

† Our lowest APR includes a Member Rewards discount of 0.50%.
* 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.

Austin Energy® Home Performance Program & Solar Residential

Austin Energy® Home Performance Program

Loan Amount Term (months) Rate Approximate Monthly Payment Per $1,000 Financed
$1,500 up to $10,000 60 1.99% $17.53
$1,500 up to $10,000 61-120 2.99% $9.66
$10,001 to $20,000 61-120 3.99% $10.13

Minimum Loan Amount is $1,500.00

Solar Residential

LOAN AMOUNT TERM (MONTHS) RATE PAYMENT RANGE APPROXIMATE MONTHLY PAYMENT PER $1,000 FINANCED
Up to $20,000 60 5.50% Up to $383 $19.15
Up to $20,000 120 5.99% Up to $222 $11.10
  • Minimum 660 credit score.
  • Max loan amount of $20,000.00.

New and Used Motorcycles

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.

LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000
New Motorcycles Up to 84 months 5.75%† $14.50
Used Motorcycles Up to 84 months 6.50%† $14.86

† Our lowest APR includes a Member Rewards discount of 0.50%.
* 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. Maximum age of collateral 10 years.

 

New and Used Motor Homes, Travel Trailer and Campers

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.

LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000
New Motor Homes Up to 120 months 5.75%† $10.98
Used Motor Homes Up to 120 months 6.00%† $11.11

† Our lowest APR includes a Member Rewards discount of 0.50%.
* 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. Maximum age of collateral 10 years.

 

New and Used Boat, Motor and Trailers

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.

LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000
New Boat Up to 120 months 6.49%† $11.36
Used Boat Up to 120 months 6.74%† $11.49

† Our lowest APR includes a Member Rewards discount of 0.50%.
* 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. Maximum age of collateral 10 years.

 

Share-Secured Loans & Share Certificates

Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TYPE AMOUNT FINANCED LOAN TERM APR AS LOW AS OTHER INFORMATION
Share-Secured Up to share balance, less other pledges Up to 10 years 2.50% over regular Share (Savings) APY* rate, 18.00% maximum Continues to earn dividends quarterly with deposit of $100.00 or more.
Share Certificate Secured Up to certificate balance Not to exceed maturity date of certificate 2.50% over certificate rate, 18.00% maximum Loan may extend to maturity date of share certificate or maximum of one year, whichever is less

*APY = Annual Percentage Yield