Loan Rates
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LOAN RATES
Peoples Advantage offers lower loan rates than other Virginia credit unions and banks while providing a casual and personalized banking experience. We are a Community Development Financial Institution (CDFI), which means we work with the Petersburg and Richmond, Virginia communities to design lending products to fit the community's needs. We believe in giving people with less-than-perfect credit a second chance for lending needs.
Effective date: 2-13-2025
Loan Product | Rate As Low As | Example Payment (per $1,000) |
New Auto Loan | 6.24% APR* | $86.18 |
Used Auto Loan | 6.74% APR* | $86.41 |
Recreational Loans (Boats & RV) | 7.24% APR* | $86.64 |
Motorcycle (Jet Ski & ATV) | 7.24% APR* | $86.64 |
Personal/ Unsecured Loan | 10.49% APR* | $88.14 |
*APR= Annual Percentage Rate. Individual rates based on credit worthiness. All terms, conditions and rates subject to loan officer approval.
Loan Product | Rate As Low As | Annual Fee |
Visa Credit Cards | 9.95% APR* | None |
*APR= Annual Percentage Rate. Individual rates based on credit worthiness. All terms, conditions and rates subject to loan officer approval.
Effective date: 12-1-2024
Loan Product | Rate As Low As | Example Payment (per $1,000/60M) |
Home Equity | 6.10% APR* | $19.39 |
HELOC | 7.50% APR** | $20.05 |
*APR = Annual Percentage Rate. Individual rates based on credit worthiness. All terms, conditions and rates subject to loan officer approval.
**The Annual Percentage Rate (APR) of a HELOC is indexed to the Prime Rate as published in the Wall Street Journal + a margin for the life of the loan. Prime Rate as of 11-8-2024 is 7.75%. HELOC floor rate is 3.75%. No loan will be priced under the floor rate at any time during the life of the loan.
Contact Peoples Advantage FCU for more details.
