VISA Credit Cards
Home Equity Loan Rates

ProgramMaximum TermAnnual Percentage Rate (APR)Monthly payment per $1,000 borrowed
Home Equity Loan Special7 years3.50%$13.45
10 years4.00%$10.13
Minimum loan of $10,000 and maximum of $250,000. LTV up to 80%. Rate based on individual creditworthiness and subject to change without notice. 1-4 family owner-occupied properties only. Existing Rhode Island Credit Union loans are eligible with at least $10,000 in new money. Flood insurance may be required. Applicable trust review fees may apply. Other home equity loan programs, rates and terms available. Certain restrictions apply.
ProgramMaximum TermAnnual
Percentage Rate
(APR)*
Monthly payment
per $1,000
borrowed
Home Equity Loan5 years4.24%$18.53
10 years4.49%$10.37
15 years4.99%$7.91
20 years5.24%$6.74
25 years5.59%$6.20
30 years5.84%$5.90
*Minimum loan of $5,000 and maximum of $250,000. LTV up to 80%. Rate based on individual creditworthiness and subject to change without notice. 1-4 family owner-occupied properties only. Existing Rhode Island Credit Union loans are eligible with at least $5,000 in new money. Flood insurance may be required. Applicable trust review fees may apply. Other home equity loan programs, rates and terms available. Certain restrictions apply.
ProgramMaximum TermAnnual
Percentage Rate
(APR)*
Monthly payment
per $1,000
borrowed
Home Stretch Home Equity Loan12 years3.50%$8.52
22 years4.25%$5.84
30 years5.00%$5.38
*Loan requires a first lien equity position. Minimum loan of $10,000 and maximum of $250,000. Rate based on individual creditworthiness and subject to change without notice. 1-4 family owner-occupied properties only. Existing Rhode Island Credit Union loans are eligible with at least $10,000 in new money. Flood insurance may be required. Applicable trust review fees may apply. Other home equity loan programs, rates and terms available. Certain restrictions apply.
ProgramMaximum TermAnnual
Percentage Rate
(APR)
Monthly payment
per $1,000
borrowed
Home Equity Loan - 100% LTV, $250,000 maximum loan20 years7.00%$7.76
Purchase Money Seconds Home Equity Loan, 100%LTV, $250,000 maximum loan20 years7.00%$7.76
Purchase Money Seconds Home Equity Loan, 100% LTV, $250,000 maximum loan30 years7.25%$6.83

Program Annual
Percentage Rate
(APR)*
 
Home Equity Line of Credit 2.49%
*The Annual Percentage Rate (APR) is 2.49% for the first year of the loan. After the first year, the APR will adjust to .51% below Prime Rate. Prime Rate is 3.25% as listed in The Wall Street Journal as of March 17, 2020. Rate based on individual creditworthiness and subject to change without notice. APR will not exceed 21% or fall below 3.00%. Minimum line of credit is $20,000 and maximum of $250,000. Existing Rhode Island Credit Union loans are eligible with at least a $20,000 line increase. 1-4 family owner-occupied properties only. Flood insurance may be required. Applicable trust review fees may apply. Other home equity loan programs, rates and terms available. Certain restrictions apply. We will pay all of the bona-fide third party fees to open the plan. If you close your home equity line of credit plan within the first three (3) years from the opening date, you agree to reimburse us for any bona-fide third party fees we paid on your behalf.

Click here for Important Terms of our Home Equity Line of Credit Plan

 Rhode Island Credit Union NMLS ID: 509121