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Brooklyn Cooperative - Federal Credit Union
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Loan Interest Rates (APR)

 These rates may be adjusted as market rates change. Please confer with a loan officer to discuss your application.

current rates

 

Loan application fees  
Member (Personal or auto loan) $20.00
Co-signer (Personal or auto loan) $20.00
Microenterprise Loan (less than $10,000) $20.00
Microenterprise Loan ($10,000 or greater) $100.00
Real estate loan $200.00

 Type Of Account

 Fees 
(other than appl fee)

Max Term

Type

Interest Rate

Secured loans

none

12 years

Fixed

5%

Personal and Now loans

none

12 years

Fixed

12%

Auto loans

none

12 years

 

 

-- vehicle less than 2 years     Fixed 8%
-- vehicle 2 to 4 years old 

 

 

Fixed

10%

-- vehicle older than 4 years

 

 

Fixed

12%

Microenterprise

1% origination fee

12 years

 

 

-- less than $10,000

 

 

Fixed

9%

-- above $10,000

 NYCfNAC, SBA, and/or Cap Access fees may apply

 

Fixed

12%

-- line of credit (loc)

$25 fee per draw

 

Adjustable

12%

Residential Real Estate

0.5% origination

40 years

 

 

-- 1st mortgage

 

 

Fixed

*

-- 2nd mortgage

 

 

Fixed

*

-- 1st mtg, loan or loc

 

 

Adjustable

*

-- 2nd mtg, loan or loc

 

 

Adjustable

*

-- coop (1st lien only)

 

 

Fixed

*

Rates are effective as of November 1, 2010. 

* These rates are adjusted as market rates change. Please confer with a loan officer to discuss your application.