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Loan Information and Available Discounts
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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.
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Home Loans
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Rates effective August 14, 2023
Home is where the heart is. Your loan is where our part is.
LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000 Mortgage Loans We offer various terms with no pre-payment penalty. Rates can vary on a daily or weekly basis. For information on available rates, call 512.469.7177. Home Equity Loans Up to 5 years 6.79% $19.57 Home Equity Loans Up to 10 years 6.91% $11.48 Home Equity Loans Up to 15 years 7.12% $8.99 Home Equity Loans Up to 20 years* 7.09% $7.75 Home Improvement Up to 5 years 8.64% $20.40 Home Improvement Up to 10 years 8.72% $12.40 Home Improvement Up to 15 years 8.91% $9.99 Home Improvement Up to 20 years 9.38% $9.16 *Available for first liens only.
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. -
Mastercard Credit Card Rates
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Credit card rates effective August 3, 2023
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 12.50% APR Mastercard Platinum Rewards $1,000.00 to $25,000.00 16.50% APR Mastercard Classic Secured $500.00 to $5,000.00 14.99% APR Important Credit Card Disclosures English | Espanol -
Personal Loans
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Loan rates effective Nov. 1, 2023.
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 Holiday Loan Up to $10,000 Up to 36 months 8.49%† $31.57 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 Ready to get started? Apply Here
†Our lowest APR includes a Member Rewards discount of 0.50%. Holiday loan promotion through January 31, 2024.
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New Autos
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Rates effective December 1, 2023
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 6.49% with Member Rewards Up to 66 months* $18.06 6.74% with Member Rewards Over 67 to 72 months* $16.92 7.24% with Member Rewards Over 73 to 78 months* $16.11 7.74% with Member Rewards Over 79 to 84 months* $15.46 Ready to get started? Apply Here
† 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
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Rates effective December 1, 2023
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 6.49% with Member Rewards $18.06 Current year to 5 years old 67 to 72 months 6.74% with Member Rewards $16.92 Current year to 5 years old 73 to 78 months 7.24% with Member Rewards $16.11 Current year to 5 years old 79 to 84 months 7.74% with Member Rewards $15.46 6 to 7 year old models Up to 54 months 6.49% with Member Rewards $21.40 6 to 7 year old models 55 to 60 months 6.74% with Member Rewards $19.68 8 to 10 year old models Up to 36 months 6.74% with Member Rewards $30.76 Ready to get started? Apply Here
† Our lowest APR includes a Member Rewards discount of 0.50%.
* 100% financing available to qualified borrowers. -
Austin Energy® Home Performance Program
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Loan rates effective Apr. 16, 2023 through Sept. 30, 2023
Austin Energy® Home Performance Program
Loan Amount Term (months) Rate Approximate Monthly Payment Per $1,000 Financed $1,500 up to $5,000 60 1.99% $17.53 $5,001 up to $10,000 61-120 2.99% $9.66 $10,001 to $20,000 61-120 3.99% $10.13 Ready to get started? Apply Here
Minimum Loan Amount is $1,500.00
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New and Used Motorcycles
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Rates effective Feb. 18, 2023
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 and Used Up to 66 months 6.39%† $18.02 New and Used 67 – 75 months 6.64%† $16.34 New and Used 76 – 84 months 7.39%† $15.29 Ready to get started? Apply Here
† 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
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Rates effective Feb. 18, 2023
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 and Used Up to 66 months 6.39%† $18.02 New and Used 67-75 months 6.64%† $16.34 New and Used 76-84 months 7.39%† $15.29 New and Used 85-120 months 7.89%† $12.08 Ready to get started? Apply Here
† 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
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Rates effective Feb. 18, 2023
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 and Used Up to 66 months 6.39%† $18.02 New and Used 67 – 75 months 6.64%† $16.34 New and Used 76 – 84 months 7.39%† $15.29 New and Used 85 – 120 months 7.89%† $12.08 Ready to get started? Apply Here
† 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
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Loan rates effective Oct. 12, 2022.
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 Loans 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 Ready to get started? Apply Here
*APY = Annual Percentage Yield