When you’re looking for excellent rates on loan products, look no further – Somerville’s CU has the competitive rates you’re looking for.


Rates effective: October 31, 2023.

All Rates Subject to Change.

Personal Loans
Type of Loan APR* as low as
Share Secured 2.05%
Signature to $15,000 11.99%
Holiday/Vacation to $3,000 7.99%
Debt Consolidation Loan to $15,000 10.99%
Overdraft Loan 14.99%
Student Loans
Info
LendKey guidelines and rates apply (refer to LendKey Student Loan links).
New Vehicle Loans 2022 - 2024
Term Maximum Amount APR* as low as
Up to 84 months $80,000 maximum
($30,000 min for 72-84 mos)
8.49%
Up to 72 months 6.49%

Full insurance coverage required.

Used Vehicle Loans 2019 - 2021
Term Maximum Amount APR* as low as
Up to 72 months $60,000 maximum
($30,000 min for 72 mos)
7.49%

Full insurance coverage required.

Used Vehicle Loans 2016 - 2018
Term Maximum Amount APR* as low as
Up to 72 months $40,000
($30,000 min for 72 mos)
8.49%

Full insurance coverage required.

Used Vehicle Loans 2015 & Older
Term Maximum Amount APR* as low as
Please call for rates

Full insurance coverage required.

MassSave HEAT Loans
Info
The rate is zero percent (0%) but terms vary depending on loan type and amount chosen, contact credit union for details.
Home Equity Lines of Credit (HELOC)
Type APR* as low as
Blended HELOC^ 5.99%
Mortgage
Info Rates
Contact Credit Union for Most Current Market Rates. View Rates

^Max HELOC $250K, combined LTV up to 80%. Appraisal, recording and fees paid by the borrower. Unless specified, rates are variable and adjust monthly; terms up to 15 years. 100% LTV HELOC program available at higher rate (call for details).

  • 110% MSRP Plus (taxes, warranty, insurance) for new autos
  • 100% NADA Plus, (taxes, warranty, insurance) for used autos
  • Maximum mileage exceptions ( > 100,000 are allowed depending on year (2009 or newer), LTV (<75%) and credit quality (A,B,C,D). Add 2% to applicable rate
  • Recreation Vehicles/Boats/Motorcycles, add 3% over car loan rates. Max 80% LTV, 48 Mo max term
  • Dealership owned demos with less than 5,000 miles never registered can be considered new, any registered vehicle regardless of mileage cannot be considered new
  • Only unsecured loans of $10,000 and greater qualify for 5 year maximum term
  • C & D credit quality applicants are not eligible for Personal Lines of Credit
  • Heat loans must have Mass Save Certification
  • Debt consolidation loan checks must be made payable to creditor(s)
  • Full insurance with maxium $500.00 deductible required on collateralized loans.
  • Share and CD secured loans: 2% higher than dividend rate
  • D Credit must be paid by auto pay

*APR = Annual Percentage Rate