SIGN UP FORGOT PASSWORD/USERNAME HELP Loan Rates Home » Borrow » Loan Rates Tower Federal Credit Union offers low rates on credit cards, vehicle loans, mortgages, home equity loans, personal loans and education loans. Consumer Loans Home Loans Credit Cards Mastercard Type APR % (as low as) World Card 10.99*† Gold Card 10.90* Empower Card 7.99*3 *Credit Card APR – Annual Percentage Rates effective: 11/24/2021 and are subject to change. Rates and credit lines based on creditworthiness and qualifications. †World Card Intro APR – The 1.99% Introductory APR is for 12 months as of account opening. After that, the Standard APR will be 10.99%-17.99%. Range of Rates effective: 11/24/2021. This APR will vary with the market based on the Prime Rate. Variable Rate World Mastercard: The Annual Percentage Rate(APR) may increase or decrease if the highest rate of interest identified as the ‘PrimeRate’ in the ‘Money Rates’ column of the Wall Street Journal increases or decreases. The APR will be equal to the Prime Rate in effect the first business day of the month preceding the rate change plus a margin of 7.74% – 12.74%.The interest rate can change quarterly in the first credit card cycle that occurs in the quarter following the rate change. The APR will never be more than 17.99%. Any increase may lengthen the time it takes to pay off your balance. ^The Intro Cash Back offer will appear as 10,000 bonus points added to the myTowerRewards account after the 3 month introductory period and can be redeemed for cash back. 1For Program Terms and Conditions, please visit myTowerRewards. Minimum $25 to redeem for cash back. 3Empower Mastercard Balance Transfer Intro APR –The 0% Introductory Annual Percentage Rate (APR) is for balances transferred from another lender within the first 60 days of account opening and applies for six (6) months from the date of the transfer. Balance transfer fee is 2.50% of the amount of each transfer. After that, the Standard APR will be 7.99%-17.99%. Range of Rates effective: 7/01/2020 and vary with the market based on the Prime Rate. Empower Mastercard Variable Rate- The Annual Percentage Rate (APR) may increase or decrease if the highest rate of interest identified as the ‘Prime Rate’ in the ‘Money Rates’ column of the Wall Street Journal increases or decreases. The APR will be equal to the Prime Rate in effect the first business day of the month preceding the rate change plus a margin of 4.74% – 14.74%. The interest rate can change quarterly in the first credit card cycle that occurs in the quarter following the rate change. The APR will never be more than 17.99%. Any increase may lengthen the time it takes to pay off your balance. 4The $50 will appear as a statement credit after the three-month introductory period. 5Foreign Transaction Fee of 1.00% per purchase. See additional disclosures. Auto Loans For a Limited Time Only! Used Cars get the same great New Car Rates! Rates as low as 1.24% APR* when you use the Tower Car Buying Service powered by TrueCar * Annual Percentage Rate shown is as of March 1, 2021 and is subject to change. 1.24% APR applies to 36 month term new vehicle purchases only and includes a 0.25% discount for enrollment in automatic monthly loan payments and 0.25% discount for using the Tower Car Buying Service with TrueCar Guaranteed Savings certificate. Not all applicants will qualify for the lowest rate. All applications subject to verification of current employment. Rates, terms and conditions vary based on creditworthiness and program requirements. Other conditions including acceptable collateral apply. New Cars and Trucks Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 1.49 $28.42 48 2.24 $21.80 60 2.24 $17.63 72 2.99 $15.19 84 4.49 $13.90 Used Cars and Trucks Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 1.49 $28.42 48 2.24 $21.80 60 2.24 $17.63 72 2.99 $15.19 84 4.49 $13.90 APR = Annual Percentage Rate. Annual Percentage Rates effective: 11/24/2021 and is subject to change. Includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. All applications subject to verification of current employment. Rates, terms and conditions vary based on credit worthiness and program requirements. Other conditions including acceptable collateral apply. Boat Loans New Boats Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.24 $29.19 48 3.24 $22.24 60 3.24 $18.08 72 3.24 $15.30 84 5.75 $14.49 120 8.25 $12.27 144 8.50 $11.10 Used Boats Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.24 $29.19 48 3.24 $22.24 60 3.24 $18.08 72 3.24 $15.30 84 5.75 $14.49 120 8.25 $12.27 144 8.50 $11.10 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments. Motorcycle Loans New Motorcycles Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.49 $29.30 48 3.49 $22.35 60 3.49 $18.19 Used Motorcycles Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.49 $29.30 48 3.49 $22.35 60 3.49 $18.19 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments. Recreational Vehicle Loans New Recreational Vehicles * Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.74 $29.41 48 3.74 $22.46 60 3.74 $18.30 72 3.74 $15.53 84 6.25 $14.73 120 8.75 $12.53 144 9.00 $11.38 Used Recreational Vehicles * Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 36 3.74 $29.41 48 3.74 $22.46 60 3.74 $18.30 72 3.74 $15.53 84 6.25 $14.73 120 8.75 $12.53 144 9.00 $11.38 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments. * Recreational Vehicles are vehicles which are driven and are equipped with living quarters. For other secured loans (i.e. travel trailers), please see the Other Secured Loan rates. Personal Line of Credit % Above Index Daily Periodic Rate % APR% (as low as) 6.15 0.025753 9.40 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. See additional disclosures. Signature Loan Term (in months) APR% (as low as) Monthly Payment (per $1,000 borrowed) 12 6.49 $86.29 24 6.49 $44.54 36 6.49 $30.64 48 7.24 $24.06 60 7.24 $19.91 72 7.99 $17.53 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Home Improvement Loan Term (in months) APR % * (as low as) Monthly Payment (per $1,000 borrowed) Up to 36 5.24 $30.08 48 5.99 $23.48 60 5.99 $19.33 72 6.74 $16.92 84 7.49 $15.33 120 7.49 $11.86 *Annual Percentage Rates effective: 11/24/2021 and are subject to change. The rate shown includes a 0.25% discount for enrollment in automatic monthly loan payments. Not all applicants will qualify for the lowest rate. Rates, terms, and conditions may vary based on creditworthiness and program requirements. Proof of homeownership and copy of contractor’s estimate or comparable quote is required before funding. Loan funds must be used for the sole purpose of home improvements on a single family home, townhouse, or condo (mobile homes and multi-unit properties are excluded from this program). Owner-Occupied/Primary Residence only. All borrower(s) on the loan must have an ownership interest in the property being improved. Other qualifications may apply. Share Secured & Certificate Secured Loans Share Secured - Variable Rate % Above Prime Share Rate APR% Monthly Payment (per $1,000 borrowed) 3.00 3.12 $84.75 Certificate Secured - Variable Rate (extended term) 3% above Certificate Certificate Secured - Fixed Rate 3% above Certificate Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. See additional disclosures. Other Secured Loans This loan type is for the purchase or refinance of: ATVs, jet skis, snowmobiles, pull behind trailers, travel trailers, truck campers, and UTVs. Term (in months) APR % (as low as) Monthly Payment (per $1,000 borrowed) 36 7.04 $30.90 48 7.04 $23.96 60 7.04 $19.82 72 7.29 $17.19 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments. Education Loans Term (in months) Basis Points Above Index APR % Monthly Payment (per $1,000 borrowed) 12 0 7.25 $86.64 60 75 8.00 $20.28 120 150 8.75 $12.53 Rates effective: 11/24/2021 APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Some loan rates are based on your creditworthiness and ability to pay. See additional disclosures. Buy Your Next Home or Refinance Quick Links Real Estate Center Auto Center Checking & Savings Rates Financial Know How Calculators QUICK LINKS FAQs Privacy Notice Online Privacy Statement Disclosures Fees Sitemap Check Application Status CONTACT US 301-497-7000 866-56-TOWER 7901 Sandy Spring Road Laurel, Maryland 20707 ROUTING NUMBER 255077370 Facebook YouTube LinkedIn Federally insured by NCUA NMLS #586147 For convenience and informational purposes only, Tower's Website provides links to third-party Websites. Tower's Privacy Notice does not apply to these sites. © 2021 Tower Federal Credit Union. All Rights Reserved.