Rates — Personal Loans

The APRs stated are discounted 0.50% for account holders having an automatic payment deduction plan from a Direct Rewards Checking account. Please add an additional 0.50% to the stated rate for account holders that do not have Direct Rewards Checking. Other APRs may apply.

Rates effective November 25th, 2014.

APR = Annual Percentage Rate


Consumer Installment Auto Loan

Loan TypeAPR
Auto - 2015, 2014 12 months2.050%
Auto - 2015, 2014 24 months2.050%
Auto - 2015, 2014 36 months2.050%
Auto - 2015, 2014 48 months2.050%
Auto - 2015, 2014 60 months2.050%
Auto - 2015, 2014 72 months2.600%
Auto - 2013, 2012, 2011 12 months2.150%
Auto - 2013, 2012, 2011 24 months2.150%
Auto - 2013, 2012, 2011 36 months2.150%
Auto - 2013, 2012, 2011 48 months2.150%
Auto - 2013, 2012, 2011 60 months2.150%
Auto - 2010, 2009 12 months2.600%
Auto - 2010, 2009 24 months2.600%
Auto -2010, 2009 36 months2.600%
Auto - 2010, 2009 48 months2.600%
Auto - 2010, 2009 60 months2.600%
Auto - 2008 12 months6.250%
Auto - 2008 24 months6.250%
Auto - 2008 36 months6.500%
Auto - 2008 48 months6.750%

By way of example, for a new AUTO, with a purchase price of $20,000, a 10.00% down payment equaling $2,000 and an annual percentage rate of 2.05% for 48 months, your monthly payment would be $390.93.

Consumer Installment Personal Loan

Loan TypeAPR
Personal Secured - up to 72 months8.500%
Personal Unsecured - up to 60 months10.500%

By way of example, on a PERSONAL loan for $5,000 with an annual percentage rate of 10.50% for 36 months, your monthly payment would be $163.00.

Consumer Installment Home Improvement Loan

Loan TypeAPR
Home Improvement Unsecured - up to 60 months9.500%

By way of example, on a HOME IMPROVEMENT loan for $10,000 with an annual percentage rate of 9.50% for 48 months, your monthly payment would be $251.00.

Consumer Installment Motorcycle - New Loan

Loan TypeAPR
Motorcycle - New 12 months5.250%
Motorcycle - New 24 months5.250%
Motorcycle - New 36 months5.250%
Motorcycle - New 48 months5.250%
Motorcycle - New 60 months5.250%

The APR is based on the applicant(s) credit profile that is reported to Solvay Bank by an outside credit reporting agency.

Consumer Installment Boat and Motor Home Loan

Loan TypeAPR
New Boats & Motor Homes - 60 months or less5.500%
New Boats & Motor Homes - 61 to 72 Months5.750%
New Boats & Motor Homes - 73 to 120 Months6.000%