Business Loan Rates

Effective as of March 1, 2023

BUSINESS LOAN

Loan TypeTermAnnual
Percentage
Rates
Monthly Payment Per $1,000 Borrowed for the first term payments based on Initial RateMonthly Payment Per $1,000 Borrowed for the remaining payments based on 30 year Amortization and Current Rate
Mortgage Adjustable2 Year5.95%1, 2, 6$5.97$5.97
Mortgage Adjustable5 Year6.55%1, 2, 6$6.36$6.36
Mortgage Adjustable8 Year6.75%1, 2, 6$6.50$6.50
Mortgage Adjustable15 Year6.95%1, 2, 6$6.63$6.63
Mortgage Fixed5 Year6.35%2$19.51$6.23
Mortgage Fixed10 Year6.55%2$11.39$6.36
Mortgage Fixed15 Year6.95%2$8.97$6.63
Auto, Machinery and EquipmentUp to 15 Years5.95% to 9.95%4$10.73$8.75
UnsecuredUp to 15 Years8.55%5$9.89$7.74
  1. Notes can be refinanced/modified not to exceed 15 year term and amortized up to 30 years
  2. Mortgages available for:
    1. Refinance or purchase
    2. New York and New Jersey
    3. 1-4 family non-owner occupied
    4. Commercial
    5. Investment
    6. Vacant land, and
    7. Up to 80% of value
  3. Loans available for:
    1. Refinance, purchase, or cash out,
    2. New York,
    3. Fleet and
    4. Individual, and
    5. Up to 80% of value
  4. Up to 70%-90% of Value
  5. Based on credit, business, and cash flow
  6. Rates and terms are based on Consumers FCU posted rates Notes can be refinanced/modified not to exceed 15 year term and amortized up to 30 years

*Borrowers with negative credit, including but not limited to, late payments, collection accounts, judgments, charge-offs and bankruptcies (within 2 years) are subject to a 4.00% increase on the current interest rate listed.

Would you like to estimate the payments on any of these loans? Our loan calculator can help you with the numbers.