Rates
Loan Rates
Effective April 17, 2008
Lending Rate Disclosure
Rates disclosed in italics are Performance Plus rates. Your rate on these products may vary and will be determined by the number of years your loan is financed plus your credit history. Rates are set by the Board of Directors and are subject to change.
Save 25 BPS with Checking1
Receive a 25 BPS discount (0.25%) for having or opening a Penn State Federal checking account with direct deposit to that account.
Save 25 BPS with Autopay1
Receive a 25 BPS discount (0.25%) when automatic payments are made from a Penn State Federal account.
New Vehicle/Motorcycle (2007 and newer)1,2 10,000 miles or less |
|
| 12-24 mo. | 5.50% - 15.00% APR |
| 25-60 mo. | 6.00% - 15.50% APR |
| 61-72 mo. | 6.50% - 16.00% APR |
| 73-84 mo. | 6.50% - 16.00% APR |
Used Vehicle/Motorcycle (2003 - 2006)1,2,3 |
|
| 12-24 mo. | 5.50% - 15.00% APR |
| 25-60 mo. | 6.00% - 15.50% APR |
| 61-72 mo. | 6.50% - 16.00% APR |
| 73-84 mo. | 6.50% - 16.00% APR |
Used Vehicle/Motorcycle (2002& older)1,2,3 |
|
| 12-24 mo. | 6.50% - 16.00% APR |
| 25-48 mo. | 7.75% - 17.25% APR |
| 49-60 mo. | 7.75% - 17.25% APR |
New Recreational Vehicle1,2 |
|
| 12-36 mo. | 7.75% - 17.25% APR |
| 37-60 mo. | 8.00% - 17.50% APR |
| 61-84 mo. | 8.50% - 18.00% APR |
| 85-120 mo. | 9.00% - 18.00% APR |
Used Recreational Vehicle1,2,3 |
|
| 12-36 mo. | 8.75% - 18.00% APR |
| 37-60 mo. | 9.00% - 18.00% APR |
| 61-84 mo. | 9.50% - 18.00% APR |
| 85-120 mo. | 10.00% - 18.00% APR |
Mortgages |
|
Call (814) 863-0549 or mortgages@pennstatefederal.com |
|
Home Equity1.4,6 |
|
| 12-60 mo. | 6.00% - 15.50% APR |
| 61-84 mo. | 6.75% - 16.25% APR |
| 85-120 mo. | 7.00% - 16.50% APR |
| 121-180 mo. | 7.50% - 17.00% APR |
First Lien Home Equity1,4,6 |
|
| 61-120 mo. | 6.50% - 16.00% APR |
| 121-180 mo. | 7.00% - 16.50% APR |
Home Equity Credit Line4,5,6Based on 180 mo. - 6.25% variable APR Home Equity Credit Line5,6Based on 180 mo. - 6.25% APR - Platinum Card Regular Share Secured112-60 mo. - 5.25% APR CD Secured (No minimum)CD term @ 2.25% + CD APR* |
|
Installment1,2 |
|
| 1-12 mo. | 7.50% - 17.00% APR |
| 13-24 mo. | 9.00% - 18.00% APR |
| 25-36 mo. | 11.00% - 18.00% APR |
| 37-48 mo. | 12.00% - 18.00% APR |
| 49-60 mo. | 13.00% - 18.00% APR |
Access Credit Line5
Based on 60 mo. - 7.75% variable APR
Visa™ Classic Credit Card
12.9% APR
Visa Platinum
7.9% APR
Platinum Visa™ Rewards Credit Card/Share Secured Platinum Card
Platinum 8.9% - 17.9% APR
Home Equity Platinum Visa
Platinum 7.9% - 10.9% APR
Additional Resources
Payment Calculator
1 - A 25 BPS discount (subtract 0.25%) for having or opening a Penn State Federal checking account with direct deposit to that account. A 25 BPS discount (subtract 0.25%) will apply when automatic payments are made from a Penn State Federal account. (BPS=basis points are one one-hundredth of a percent)
2 - Loans used to refinance a current Penn State Federal loan add 50 BPS (add 0.50%) unless an additional $1,000 is borrowed.
3 - Loan term is dependent on age and NADA value.
4 - Loan-to-appraised value ratios over 80% will be 150 BPS higher (add 1.50%).
5 - Interest rate is variable.
6 - $3,000 additional money or $300 fee to refinance a current Penn State Federal Home Equity loan.
*APY denotes Annual Percentage Yield.
Although this site is intended to be accurate, rate listings are for informational purposes only. All rates are subject to change without notice. Please contact Penn State Federal for a rate quote. See Rate & Fee Schedule for account details.
Penn State Federal is an Equal Housing Lender - We do business in accordance with federal fair housing law and the Equal Credit Opportunity Act.
* BPS = basis points are one one-hundredth of a percent.
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