When you borrow from Capital Credit Union, you pay interest on the unpaid loan balance. There are no penalties for paying off your loan early. Payment by payroll deduction is also available. Credit Life and Credit Disability Insurance are both offered at a low rate. Interest rates are very competitive with other financial institutions. Several options are also available that offer automatic repayments.
Home Equity Line of Credit (HELOC) loans can be completed from application to funding in 10 business days or more. If an appraisal needs to be ordered it can increase the process time.
1Rate accurate as of Feb. 18, 2020. Subject to credit approval. Rate may vary depending on individual credit history and underwriting factors. Not all applicants will qualify.
2Applies to home equity loans/lines with $20,000 or more of new money borrowed. Maximum closing costs paid by Capital Credit Union: $175. Does not apply to refinancing of existing Capital Credit Union home equity loans/lines or to interest-only home equity loans or to home equity loans with a designated closing cost amount. Capital Credit Union does not cover the cost of an appraisal (if needed) or Minnesota mortgage registry tax fees. Capital Credit Union reserves the right to end this promotion without notice.