Personal Loans Rates

The APRs stated are discounted 0.25% for account holders having an automatic payment deduction plan from a Direct Rewards CheckingHigh Interest Checking and Emerald Checking accounts. Please add an additional 0.25% to the stated rate for account holders that do not have Direct Rewards Checking, High Interest Checking and Emerald Checking. Other APRs may apply.

APR = Annual Percentage Rate

Rates effective as of March 22, 2019.

Consumer Installment Personal Loan

Loan TypeAPR
Personal Secured - up to 60 months 3.00%
Personal Unsecured - up to 48 months 9.00%
Personal Unsecured - up to 60 months 9.25%

By way of example, on a PERSONAL UNSECURED loan for $5,000 with an annual percentage rate of 9.00% for 48 months, your monthly payment would be: $124.45

Consumer Installment Auto Loan

Loan TypeAPR
Auto - 2017-2019 up to 48 months 3.00%
Auto - 2017-2019 49 - 66 months 3.25%
Auto - 2017-2019 67 - 75 months 3.75%
Auto - 2017-2019 76 - 84 months* 5.00%
Auto - 2015-2016 up to 48 months 3.30%
Auto - 2015-2016 49 - 66 months 3.55%
Auto - 2015-2016 67 - 75 months 4.05%
Auto - 2015-2016 76 - 78 months* 5.30%
Auto - 2013-2014 up to 48 months 4.60%
Auto - 2013-2014 49 - 66 months 4.85%
Auto - 2011-2012 up to 48 months 5.60%

* Minimum finance amount $25,000.

By way of example, for a new AUTO, with a purchase price of $20,000, a 10% down payment equaling $2,000 and an annual percentage rate of 3.25% for 60 months, your monthly payment would be: $325.80.

 

Consumer Installment Home Improvement Loan

Loan TypeAPR
Home Improvement Unsecured - up to 48 months 8.00%
Home Improvement Unsecured - up to 60 months 8.25%

By way of example, on a HOME IMPROVEMENT loan for $5,000 with an annual percentage rate of 8.00% for 48 months, your monthly payment would be: $122.09

Consumer Installment Motorcycle - New Loan

Loan TypeAPR
Motorcycle - New up to 48 months 5.00%
Motorcycle - New 49-60 months 5.25%

By way of example, on a NEW MOTORCYCLE loan for $15,000 with an annual percentage rate of 5.25% for 60 months, your monthly payment would be: $285.69

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 RV Loan

Loan TypeAPR
New Boats & RVs - 48 months or less 6.000%
New Boats & RVs - 49 to 66 months 6.250%
New Boats & RVs - 67 to 75 months 6.750%
New RVs - 76 months to 120 months 8.000%

By way of example, on a NEW BOAT loan for $15,000 with an annual percentage rate of 6.25% for 60 months, your monthly payment would be: $292.67