Personal Loan Options
Personal Loans
A personal loan is a great way to consolidate debt, finance home improvements or cover unexpected expenses. Our quick, affordable personal loan can give you the cash you need, when you need it.
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Consolidation Loans
Consolidate higher-interest credit cards and loans into one small monthly payment with a Debt Consolidation Loan. You can cut your monthly costs and significantly trim your budget.
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Share Secured Loans
Use the money you have on deposit with The Summit as collateral for a low-interest rate Secured Loan. We offer Share Secured, Share Certificate Secured and Money Market Secured Loans.
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Memorial Loan
For families, losing a loved one can be hard, and unfortunately, expenses often arise. The Summit’s Memorial Loan program is our way to help ease your mind during this difficult time.
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If you are navigating the journey of settling a former member’s accounts, our Deceased Member Guide can help.
Overdraft Protection/ Line of Credit
Having a revolving line of credit gives you peace of mind and the flexibility to access funds when and if you need them. The line of credit is tied to your account, so you’ll also get overdraft protection with no annual fees or transfer fees.2 And funds become available again as you pay down your balance.
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Home Improvement Loan Options
Home Improvement Loan
Have big plans for remodeling? Whether you’re planning full-scale changes or repairing your home, The Summit can make your home improvement projects more affordable than ever. With our low rates and convenient choice of terms, you can easily get the money you need for all your remodeling jobs.
Home Equity Loans
Have a home project or large expense? The best way to pay for it may be right under your feet: in your home’s equity. For bigger home improvement projects, debt consolidation, or paying a large bill like college tuition, a Home Equity Loan could be right for you. Learn more about which home equity option is right for you.
Personal Loan Rates
Rates Effective December 16 through December 31, 2024
|
Type
|
Term
|
Fixed APR2 with Auto Payment3
|
Payment per $1,000
|
Fixed APR2 w/Billing
|
Payment per $1,000
|
|
Holiday Loan1
|
12
|
6.95%
|
$86.50
|
7.20%
|
$86.62
|
|
Personal
|
24
|
7.95%
|
$45.20
|
8.20%
|
$43.32
|
|
Personal
|
48
|
8.95%
|
$24.86
|
9.20%
|
$24.98
|
|
Memorial Loan
|
60
|
8.25%
|
$20.40
|
8.50%
|
$20.52
|
|
Consolidation
|
36
|
9.25%
|
$31.92
|
9.50%
|
$32.03
|
|
Home Improvement
|
60
|
7.95%
|
$20.25
|
8.20%
|
$20.37
|
|
College Wise
|
Varies
|
Variable rate – please call (585) 453-7000 or (800) 836-7328 for most current rate
|
|
|
|
View our current Loan Rate Sheet for a full list of rates.
Get details on our Mortgages, Auto Loans and Home Equity products today.
Apply for a loan today
For more information about our loan products, stop by a branch or call the Member Service Center at (585) 453-7000 or (800) 836-7328.
Need help determining payment options or how much you can afford to finance? Check out our convenient loan calculators.
Member eligibility required. All loans are subject to credit approval. Must be 18 years of age or older to apply. The Summit’s loan programs, rates, terms and conditions are subject to change at any time.
- Loans are subject to credit approval and certain limitations may apply. Rate shown in effect November 1, 2024 through December 31, 2024. The Holiday Loan is a Personal Loan with a term of 12 months at 6.95% Annual Percentage Rate (APR). For example: A personal loan of $1,000 for 12 months at 6.95% APR will have a monthly payment of $86.50. APR may vary depending on each individual’s credit history and underwriting factors. The stated APR is the lowest available and includes a discount for automatic payment. The Summit’s loan programs, rates, terms and conditions are subject to change without notice.
- APR of 16.95% for Overdraft Protection/Line of Credit advances. You will be charged interest from the transaction date.
- Annual Percentage Rate (APR) varies depending on your credit history.
- The automatic payment rate is only available when you authorize The Summit to automatically deduct payments from your share account. To receive the automatic payment rate, the payment transfer must be from your Checking Account or Automatic Loan Payment Share account.
