Loans
| LOAN RATES |
Approximate Term |
Rate* |
| Subaccount Description | ||
| Secured Loans |
12 Months |
4.50%* |
|
24 Months |
4.75%* |
|
|
36 Months |
5.00%* |
|
|
48 Months |
5.25%* |
|
|
60 Months |
5.50%* |
|
|
72 Months |
5.75%* |
|
| Signature Loans and | ||
| Line of Credit Loans |
12 Months |
7.00%* |
|
24 Months |
7.50%* |
|
|
36 Months |
8.50%* |
|
|
48 Months |
9.00%* |
|
| Primary and Secondary |
72 Months |
The share rate |
| Secured Loans | plus 3.50% | |
| Power Savings Secured |
72 Months |
The Power |
| Loans | Savings rate | |
| plus 3.50% | ||
| Certificate Secured Loans |
Term of the |
The certificate |
|
Certificate |
rate plus 3.50% | |
| Share Draft Overdraft |
14.00% |
|
| Protection Line of Credit | ||
| Home Equity Lines of | Contact the | |
| Credit | credit union for | |
| the most current | ||
| rates | ||
| *These rates may be | ||
| reduced according to the | ||
| terms of the Member | ||
| Loyalty Program. Look under | ||
| "Current Rates" tab for explanation of program. |
When you're considering a purchase, no matter how big or small, Otter Tail Credit Union has a loan program to fit your needs—and your budget. Our interest rates are generally lower and we process loans quickly. You'll never be charged a penalty for early payoff and our loans can often be tailored to fit your specific needs.
Whether you're in the market for a new car or would like to take the family on vacation, we're sure to have a loan that's just right for you. While we offer too many loans to list them all, the following are most common:
- Cars, trucks, or SUVs
- RVs and travel trailers
- Boats and personal watercraft
- Motorcycles and ATVs
- Snowmobiles
- Computers
- Travel and vacation
- Home equity
- Garden tractors or full sized tractors
- Christmas/holiday expenses
- Taxes
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