Loan Rates

When you're borrowing money, you want the best value possible. Because Scient FCU is owned by its members, we're able to offer highly competitive rates on loans to help you finance the most important purchases in your life. 

Rates effective as of October 21, 2024, unless otherwise specified.

Type Term Annual Percentage Rate (APR)
as low as

How to apply

New and Used up to 63 months 5.99%

Current Member or New Member

We offer loans over 63 months. Please Contact Us for details.

For example, a 60 month auto loan of $20,000 has monthly payments of $386.56 with an APR of 5.99%. 

*APR = Annual Percentage Rate. Rate effective as of October 21, 2024. Rates, terms, and conditions are subject to change. Other rates and terms are available. All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply.

Type Term Annual Percentage Rate (APR)
as low as

How to apply

New 24-60 months 8.49%

Contact Us or Visit a Branch

Used 24 - 60 months 8.69%

Contact Us or Visit a Branch

For example, a new motorcycle loan of $30,000 has 60 monthly payments of $615.35 with an APR of 8.49%. 
A used motorcycle loan of $30,000 has 60 monthly payments of $618.25 with an APR of 8.69%.

*APR = Annual Percentage Rate. Rate effective as of January 10, 2024 and subject to change without notice. All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply.

Type Term Annual Percentage Rate (APR)
as low as

How to apply

60 months as low as 8.49%

Contact Us or Visit a Branch

For example, a loan of $30,000 has 60 monthly payments of $615.35 with an APR of 8.49%.

*APR = Annual Percentage Rate. Rates subject to change without notice. All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply.

Product Term Annual Percentage Rate (APR)
as low as

How to apply

Signature Loan Special up to 60 months 12.99%*

Current Member or New Member

*APR = Annual Percentage Rate.  APR = Annual Percentage Rate.  For example the monthly payment on a $10,000 60-month, personal loan at 12.99% APR is $227.48.  Rate may vary and will be determined by your credit score.  Other restrictions may apply.  

Product Term Annual Percentage Rate (APR)
as low as

How to apply

Home Improvement Loan up to 180 months 8.75%*

Current Member or New Member

APR = Annual Percentage Rate. Rate effective as of February 5, 2024, and offered for credit scores 680 or higher. For example, the monthly payment on a $25,000 180-month home improvement loan at 8.75% APR is $249.86. Rate may vary and will be determined by your credit score. An unsecured Scient home improvement loan is for home improvements only on a primary, single family residency. A bid/material list must be provided. Other restrictions may apply. †Funds should be made available within (2) business days after the loan is approved if all required loan documents are received. 

Product Term Annual Percentage Rate (APR)
as low as

How to apply

Personal Line of Credit Revolving 7.99% APR for the first 12 months

Contact Us or Visit a Branch 

 *APR = Annual Percentage Rate.  This is a revolving line of credit. There will be an introductory APR of 7.99% for the first 12 months from the account opening date for qualifying members with a credit score of 720 or above. After the first 12 months, your rate will increase to a minimum of Prime plus 4.99%, but no higher than 18.00%. Your rate will be based upon adding a margin to the Prime Rate depending upon your credit score. The current Prime Rate is 8.00% as of September 19, 2024. Minimum line of credit is $5,000. Maximum line of credit is $20,000.00 based on your credit score. There is an annual fee of $25.00 which is waived for the first year. Other fees and charges may apply. 

Product Term Annual Percentage Rate (APR)

How to apply

Student Loan Varies Varies

Contact Us or Visit a Branch 

Employer Education Loan 12 Months 7.00% for 12 Months

Contact Us or Visit a Branch 

 *APR = Annual Percentage Rate

Product Term

Interest Rate / APR

Cost per $1000

How to Apply

Fixed Mortgage 10 Year

5.250% / 5.376%

$10.73

Call 860 441 0914 or Apply Now

*APR = Annual Percentage Rate.  Cost per $1000 includes principal and interest only.  It does not include insurance and taxes, and the actual payment obligation will be higher.

Product Terms

Interest Rate / APR*

How to apply

Fixed Rate Mortgages Various terms available

Call 860 441 0914 

Apply Now

Adjustable Rate Mortgages Various terms available

Call 860 441 0914 

Apply Now

SMARTChoice Mortgages Various terms available

Call 860 441 0914 

Apply Now

No Closing Cost Mortgages* Various terms available

Call 860 441 0914 

Apply Now

*APR = Annual Percentage Rate.  Cost per $1000 includes principal and interest only.  It does not include mortgage insurance, property insurance and taxes.

Product Terms

Annual Percentage Rate (APR)

How to apply

5-year Home Equity 5 year

6.00 / 6.208% APR*

Call 860 441 0914 or Apply Now

10-year Home Equity 10 year

6.250 / 6.307% APR

Call 860 441 0914 or Apply Now 

15-year Home Equity 15 years

6.750 / 6.794% APR

Call 860 441 0914 or Apply Now

20-year Home Equity 20 years

7.000% / 7.039% APR

Call 860 441 0914 or Apply Now

*APR = Annual Percentage Rate.    Rates effective as of November 8, 2023. A $20,000 5-year fixed loan at 6.00% will have a principal and interest payment of $386.66 and APR of 6.208%.  A $20,000, 10-year fixed loan at 6.25% will have a principal and interest payment of $224.56 and APR of 6.307%; A $20,000, 15-year fixed loan at 6.75% will have a principal and interest payment of $176.98 and APR of 6.794%;  A $20,000, 20-year fixed loan at 7.00% will have a principal and interest payment of $155.06 and APR of 7.039%;  APRs may be higher due to per diem interest.  Up to 80% LTV/CLTV for qualified loan. $10,000 Minimum Loan Amount.  All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply. Rates, terms and conditions are subject to change. 

Product Terms

Annual Percentage Rate (APR)

How to apply

HELOC Introductory for 12 months As low as 5.99% APR*

Apply Now

HELOC After 12 months

As low as 8.00% APR*

Apply Now

*APR= Annual Percentage Rate. 10-year draw period. Promotional rate will apply for 12 months from loan opening date. After that period, rate will increase to a variable rate of interest as low as Prime Rate minus 0.50% OR floor of 4.00%, whichever is greater. After promotional period, rate will never go below 4.00% and will never go above 18.00%. As of September 19, 2024, Prime Rate is 8.00%. Owner-occupied Primary Residences only. Up to 80% Total Loan-to-Value for qualified loan. $250,000 maximum. All loans are subject to credit approval. Your overall creditworthiness may determine interest rate and line amount available to you.  If you close your HELOC account within 24 months after it is opened, you will be required to promptly repay Scient the Third-Party Closing Costs. Offer valid from September 9, 2024 and may be canceled at any time without notice. tFees and charges may apply. Existing Scient home equity lines/loans are not eligible for refinance with this promotion. This credit union is federally insured by the National Credit Union Administration and is an Equal Housing Lender. 

Product Term Annual Percentage Rate (APR)

How to apply

Share-Secured Loan Varies 6.00%

Contact Us or Visit a Branch 

Certificate-Secured Loan Varies 3.00% over Certificate rate

Contact Us or Visit a Branch 

 *APR = Annual Percentage Rate

Product Term Annual Percentage Rate (APR)
as low as

How to apply

Executive Reserve Account/Line of Credit Revolving 12.00%

Contact Us or Visit a Branch 

*APR = Annual Percentage Rate. Rates subject to change without notice. All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply.

Product Term Annual Percentage Rate (APR)

How to apply

Consumer Credit Cards Revolving

Learn More

Apply Now

Business Credit Cards Revolving

Learn More

Apply Now

Rates subject to change without notice. All loans are subject to credit approval. Your overall creditworthiness may determine the interest rate available to you. Fees and charges may apply.

Scient FCU is a full-service credit union with branches in Groton, New London and New Haven Connecticut.

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