Borrowing can be intimidating. It’s a long-term commitment to paying back a large sum of money. But loans also help you to achieve your dreams, whether it’s going to school, buying a home or purchasing an automobile. BHCU has been in the loan business for over 60 years. We know what we’re doing. And most importantly, we know how to match you with the loan product that best suits your needs.
We make applying easy. You can do it online, call our 24/7 Loan Line at 1-866-564-2931, or stop by our branch to speak with a representative. Whatever your preference, we’re here and ready to help!
Want to know how a Loan can help you? Check out our handy loan calculators:
First Mortgage Loans
BHCU partners with State Financial Network to bring our members the very best in mortgage rates and services. Whether buying a new home or refinancing your existing mortgage, our award-winning mortgage partner has excellent options for you.
- Fixed rate loans, adjustable rate loans, interest only loans and more
- Market interest rates.
- Option to automatically make payments directly from your BHCU account
Questions about obtaining a first mortgage loan and current loan rates, please contact Roberta Ficarra at (610) 325-5112.
Visit State Financial Network’s Mortgage Center to learn more and apply>
Wondering what your monthly mortgage payment would be, our handy mortgage calculators can help:
Home Equity
You put a lot into your home. Get more out of the equity you’ve built up over time with a Home Equity Loan or Line of Credit. A Home Equity Loan can be used for home improvements, bill consolidation, purchasing a car and more.
Borrow up to 90% of your primary home’s appraised value minus outstanding mortgages, require a higher credit score and are at an increased rate of 1%
BHCU Home Equity Loan
|
Loan Type
|
Loan Amount
|
APR
|
Terms
|
|---|---|---|---|
| First Lien Position Home Equity Loan | $5,000 to $417,000 | 2.45% to 4.74% fixed rate | 1 to 240 months |
| Subordinate Home Equity Loan | $5,000 to $208,000 | 2.95% to 5.99% | 1 to 240 months |
BHCU Home Equity Line of Credit
- Variable interest rates based on the Wall Street Journal Prime Rate and adjusted quarterly
- Once approved, you can access your Line of Credit by using the checks issued to you, at an ATM or by visiting our branch
- Make withdrawals whenever you like. Your first withdrawal must be $5,000 or more and a minimum of $100 thereafter.
Learn more about Home Equity lines of credit
Please note that there is an average 10-day waiting period before learning of Home Equity Loan or Line of Credit approval.
*See our rate table for the full list of current rates and terms
“Preferred Rate” (Variable) Auto Pay Discount: The ANNUAL PERCENTAGE RATE (APR) for the loan you are applying for may be discounted by 1% if you elect to make your payments via automatic payment thru your Credit Union Share Draft account. If you discontinue the automatic payments for any reason, your rate will increase by 1% for the remaining term of the loan, and your payment will increase accordingly. Example: If your loan was for $4,000.00 at 4.50% for 4 years and the rate increased to 5.50% after 1 year, your payment would increase by $1.38.Your rate This rate increase will only happen
***Please note*** The “Preferred Rate” disclosure does not apply to our HELOC product. For this product please see “Important Terms for our Home Equity Line of Credit Plan” disclosure.
Auto Loans
BHCU provides a full suite of auto loans for all your transportation needs and hobbies. Our fast and easy loan pre-approval process ensures that when you find the perfect car, you have the financing you need.
Get Pre-Approved for Your BHCU Auto Loan Today >
All you have to do is complete a loan application indicating the estimated amount you would like to borrow along with proof of recent income. A loan representative will then contact you to finalize your loan pre-approval.
Cars, Trucks and Motorcycles
We offer great rates on new and used vehicles loans from $2,500 to $60,000. Looking to refinance your auto loan? We do that too.
|
Car, Truck or Motorcycle*
|
APR
|
Term
|
Max Loan Amount
|
|---|---|---|---|
| New** | As low as 1.99% | 01-84 Months | $2,500.00 minimum – $60,000.00 maximum. Up to 110% of MSRP retail value, which includes taxes & tags, etc. |
| Used: 1-2 Years Old | As low as 1.99% | 01-72 Months | $2,500.00 minimum – $60,000.00 maximum. Up to 110% of NADA retail value on vehicles up to 2 years old (2013-2011), which includes any add-ons, such as taxes and tags, etc. |
| Used: 3-5 Years Old | As low as 2.54% | 01-60 Months | $2,500.00 minimum – $60,000.00 maximum. Up to 110% of NADA retail value on vehicles 3-5 years old (2010-2008), which includes any add-ons, such as taxes and tags, etc. |
| Used: 6-10 Years Old | As low as 3.24% | 1-36 Months | $2,500.00 minimum – $60,000.00 maximum. Up to 80% of NADA Clean Loan value on vehicles 6-10 years old (2007-2003), which includes any add-ons, such as taxes and tags, etc. |
| Used: 11-13 Years Old | As low as 3.24% | 1-36 Months | $2,500.00 minimum – $60,000.00 maximum. Up to 80% of NADA Clean Loan value on vehicles 11-13 years old (2002-2000), which includes any add-ons, such as taxes and tags, etc. |
*See our rate table for the full list of current rates and terms
** A vehicle qualifies as “new” if the loan application is submitted within 120 days of original purchase. A written payoff statement from the current financing company is also required.
Visit our BHCU Auto Loan Center to learn more and apply today>
What’s the perfect Auto Loan for you? Check out our handy Auto Loan calculators:
- How much can I afford for a vehicle?
- Which is the best Auto Loan for me?
- How much will my monthly payments be?
- Should I take the rebate or special financing?
Avoid the hassle of purchasing your next car by using our online Preferred Dealership Program. It’s easy:
- Find your vehicle at one of our Preferred Dealerships
- Apply for pre-approval online
- Receive email pre-approval notification
- Print out your pre-approval certificate and take it to the Preferred Dealership to purchase your selected vehicle
- Drive away happy.
*Pre-approval certificate amount granted based on members’ creditworthiness and credit union underwriting guidelines. Additional information may be required. Certificates must be used at participating Preferred Car Dealerships and are not valid after their expiration date. Pre-approval certificate has no cash value. Certain conditions and restrictions may apply.
Boats, Recreational Vehicles and Mobile Homes
Looking to get outside and have some fun? We can help you make that happen with great rates on Recreational Auto Loans from $2,500 to $60,000.
|
Boat or Recreational Vehicle*
|
APR
|
Term
|
Finance amount
|
|---|---|---|---|
| New | As low as 6.34% | 01-36 Months | $2,500.00 minimum – $60,000.00 maximum. 90% of purchase price including taxes and tags, etc. |
| Used | As low as 7.34% | 01-36 Months | $2,500.00 minimum – $60,000.00 maximum. 80% of NADA average retail price including taxes and tags, etc. |
*See our rate table for the full list of current rates and terms
Visit our BHCU Auto Loan Center to learn more and apply today >
Credit Cards
With low interest rates and great perks, BHCU offers the only Visa credit card you’ll ever need. Cut down on finance charges and high interest rates by consolidating your credit card balances onto this simple, fair, money saving card.
BHCU Visa Classic Card
- A low interest rate of 11.74% APR* for purchases (Prime rate plus 8.49%)
- Credit limits from $500 to $20,000
- Plus the same benefits as our Visa Platinum card
BHCU Secure Classic Card
Need help establishing credit or improving your current credit status? We offer a BHCU Secure Classic Card that will do the trick.
- Secured against your BHCU savings account
- A low interest rate of 11.74% APR* for purchases (Prime rate plus 8.49%)
- Credit limits from $250 to $9,999 credit limit
- Plus the same benefits as our Visa Platinum card
BHCU Visa Platinum Card
- A low interest rate of 7.74% APR* for purchases (Prime rate plus 4.49%)
- Credit limits from $500 to $35,000
- No annual fee
- No transaction fee for purchases
- No minimum finance charge
- Online bill payer:
eZCardInfo.com> - Earn Score Card Rewards
- Travel accident insurance
- Auto rental insurance
- Accepted at over 10 million locations worldwide
*See our rate table for the full list of current interest rates
Applications are typically reviewed for approval within 1 to 2 business days.
Student Loans
Education is expensive. It’s also likely the most important investment you’ll ever make for yourself or your children. We’re here to help with a flexible student loan that frees you up to focus on learning.
Our BHCU Student Loan features:
- No origination fees
- Lower rates than many lenders, with current interest rates as low as 6.25% (Prime rate plus 3.00%)
- A full student line of credit which can be used over multiple years (up to $75,000 subject to credit qualification and annual credit review)
- Option to fully defer payment while in school
- Flexible repayment options with lower initial payments after graduation
Personal Loans
Sometimes you just need a little extra cash, whether it be for an emergency, a vacation, or to consolidate bills. BHCU’s line of personal loans is just the solution.
Our BHCU Personal Loan features:
- Loans of up to $35,000
- Fixed interest rates as low as 7.14%*
- Flexible terms
- No collateral required
Our BHCU Personal Line of Credit offers:
- Loans of up to $35,000
- Fixed interest rates as low as 10.74%*
- Added convenience. Access your Line of Credit funds up to your available limit anytime using Online Banking, an ATM, checks or by coming into the BHCU branch office.
- No collateral required
- Apply once and you never need to again if you remain in good standing
Our BHCU Share Secured Loan features:
- This loan is secured to the funds you have in your BHCU Savings account, which means you’re guaranteed approval.
- Interest rate is 3.00% over current quarter’s regular share annual dividend rate.
- We place a hold on the funds in your savings account in the amount of your loan, but they continue to earn dividends.
- As you pay back your loan your share balance is released so that you can use them as needed.
To learn more about applying for a Personal Loan or Line of Credit, please contact Darlene Ashbridge at BHCU.
610-595-2929 x310.
