Loan Rates
We're committed to keeping a tight lid on borrowing costs.
Our aim is to fill this page with the smallest numbers possible. After all, lower loan rates keep your interest charges down and monthly payments under control.
Buy a home. Finance a car. Cover college costs. And much more. Summit Credit Union loans make many of life's milestones possible.
Auto Loans
| Term | Rate Type | Rates as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|
| Up to 48 Months | Fixed | 5.50% | 5.50% |
| 49 to 60 Months | Fixed | 5.70% | 5.70% |
| 61 to 72 Months | Fixed | 6.25% | 6.25% |
| 73 to 84 Months | Fixed | 6.70% | 6.70% |
| 85 to 96 Months | Fixed | 7.25% | 7.25% |
New or used, same low rate.
Motorcycle/Boat/RV Loans
| Term | Rate Type | Rates as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|
| Up to 48 Months | Fixed | 6.50% | 6.50% |
| 49 to 60 Months | Fixed | 6.70% | 6.70% |
| 61 to 72 Months | Fixed | 7.25% | 7.25% |
| 73 to 84 Months | Fixed | 7.70% | 7.70% |
| 85 to 96 Months | Fixed | 8.25% | 8.25% |
New or used, same low rate.
Home Loans
Fixed-rate and variable-rate home loans are available to purchase a home or refinance your existing loan. Rates may change daily. If you have questions about the home loan process, credit requirements, down payment needed, or anything else, call or text our Home Loan Center at 336-662-6206. Our Home Loan Professionals take time to find the option that fits you best and will guide you, step-by-step, through the entire loan process.
Last updated: 7/24/2025 10:53:56 AM.
| Loan Type | Rate Type | Term | Rate as Low as |
|---|---|---|---|
| Home Loan, 15-year* | Fixed | 180 | 5.875% |
| Home Loan, 30-year* | 10/2 ARM | 360 | 5.875% |
| Home Loan, 30-year | Fixed | 360 | 6.625% |
Home Loan rates are subject to change and based on an excellent credit history and 80% combined loan-to-value (LTV) ratio; your rate could differ. A Rate Type of 10/2 ARM is a fixed rate for the first ten years, becoming adjustable every two years thereafter.
* Private Mortgage Insurance (PMI) is not required.
Home Equity Line of Credit and Home Equity Loans
| Loan Type | Rate Type | Term | Rate as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|---|
| Home Equity Loan (1st position) | Fixed | 120 | 6.50% | 6.50% |
| Home Equity Loan (2nd position) | Fixed | 120 | 7.50% | 7.50% |
| Home Equity Line of Credit | Variable | 180 | 6.75% | 6.75% |
Home Equity Loan or Line of Credit is available for a primary residence, second home, or investment property in North Carolina only.
Home Equity Loan fixed rates are based on an evaluation of credit history and LTV (loan-to-value) ratio. Closing costs may occur based on offer, property location, and loan amount.
Home Equity Lines of Credit (HELOC) rates are based on an evaluation of credit history and combined LTV (loan-to-value) ratio, so your rate may differ. Home Equity Lines of Credit are available for primary residences, second homes, and investment properties.Variable APR applies; payments or term may change. Because Summit Credit Union pays third party fees to open a Home Equity Line of Credit loan, you will be required to reimburse Summit Credit Union for third party fees, up to $500, that were paid on your behalf if the HELOC is paid in full and closed within the first 24 months of opening.
Visa® Credit Cards
| Loan Type | Rate Type | Rate as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|
| Visa® Platinum | Non-Variable | 8.95% | 8.95% |
| Visa® Platinum Rewards | Non-Variable | 9.95% | 9.95% |
Repayment terms of 2% of outstanding balance or $25, whichever is greater. Variable APRs apply to purchases, balance transfers, and cash advance transactions.
Transaction Fees: ATM Cash Advance - None if performed at a Summit Credit Union branch or network ATMs. Otherwise, transactions may be subject to a $1.00 fee plus any fees accessed by non-network ATMs. No fee assessed if balance exceeds limit.
Personal Loan
| Loan Type | Rate Type | Term | Rate as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|---|
| Line of Credit | Fixed | Up to 60 months | 10.95% | 10.95% |
| Installment | Fixed | Up to 60 months | 11.95% | 11.95% |
| Club Loan | Fixed | Up to 10 months | 11.95% | 11.95% |
| Emergency Loan | Fixed | Up to 90 days | 17.95% | 17.95% |
| Share Secured Loan | Fixed | Up to 60 months | 4.00% | 4.00% |
Credit Builder Loans
| Loan Type | Type | Term | Rate as Low as | Annual Percentage Rate* (APR) |
|---|---|---|---|---|
| Credit Builder Loan | Fixed | Up to 60 months | 9.50% | 9.50% |
| Credit Builder Visa® Credit Card | Secured | Revolving Line | 16.95% | 16.95% |
Summit Credit Union is a full-service financial institution with eight branches throughout North Carolina.
Frequently Asked Questions
Current employees of any of our business partners and their immediate family are able to join. To become a member, you must open a new Savings account by depositing at least $5. Opening a Savings account is fast and easy.
We have eight branches across North Carolina with locations in Greensboro, Hickory, High Point, Oxford, Raleigh, and Winston-Salem.
Related Resources
Banking Where You Need It
Bank from anywhere, anytime. Digital Banking is available to members 24/7.
* APR = Annual Percentage Rate. Rates are based on an evaluation of credit history, so your rate may differ.
Rates are subject to change.