Loan Rates
Affordable rates reduce your borrowing costs
When people or businesses borrow money, it's almost always for an important purchase, purpose or project. By keeping loan rates as competitive as possible, we reduce interest charges and leave our members with more to spend on things that matter to them.
Rates Effective 2026-09-01
Personal and secured loans are great for life’s unexpected expenses. They can also be used for a bit of fun like a weekend get-away or an antique table you can’t live without. Enjoy competitive rates and flexible terms on any Purdue Federal personal or secured Loan.
What you need to apply for a personal loan:
- Verifiable income
- Unexpired government-issued ID
- Social security number
- Loan amount
- Primary savings amount
| Loan Type | Rate Type | APR as low as*2 | Term/Details |
|---|---|---|---|
| Personal | Fixed | 10.90% | Up to 60 months |
| Secured (Savings) | Variable | Savings Rate + 2% | Up to 60 months |
| Secured (Share Certificate) | Fixed | Certificate Rate + 2% | Up to 60 months or term of certificate |
| Collateralized | Fixed | 9.59% | Up to 60 months |
Secured (Savings) Loan Payment Example: Share rate plus 2.00%. Loan amount of $5,000 at 2.10% for 24 months will have a monthly payment of $212.92.
| Loan Type | Rate Type | APR as low as*2 | Term/Details |
|---|---|---|---|
| Vehicles 2025 and Newer | Fixed | 5.59% | Up to 60 months |
| Vehicles 2025 and Newer | Fixed | 5.84% | 72 months |
| Vehicles 2025 and Newer | Fixed | 6.59% | 84 months |
| Vehicles 2023-2024 | Fixed | 5.84% | Up to 60 months |
| Vehicles 2023-2024 | Fixed | 6.09% | 72 months |
| Vehicles 2023-2024 | Fixed | 6.84% | 84 months |
| Vehicles 2021-2022 | Fixed | 6.09% | Up to 60 months |
| Vehicles 2021-2022 | Fixed | 6.34% | 72 months |
| Vehicles 2016-2020 | Fixed | 6.59% | Up to 60 months |
| Recreational Vehicles 2014 & Newer (Titled) ($0 - $34,999) |
Fixed | 7.89% | Up to 60 months |
| Recreational Vehicles 2014 & Newer (Titled) (over $35,000) |
Fixed | 8.89% | Up to 15 years |
| Recreational Vehicles Untitled |
Fixed | 13.14% | Up to 60 months |
| Motorcycles Model Years 2014 -2024 (Titled) |
Fixed | 8.99% | Up to 60 months |
| Motorcycles Model Years 2025 & Newer (Titled) |
Fixed | 8.74% | Up to 72 months |
| Loan Type | Rate Type | Introductory APR | APR | Term/Details |
|---|---|---|---|---|
| Traditional | Fixed | 1.9% | 15.5% - 17.5% | Credit Limit: minimum of $1,000 |
| Signature | Fixed | 0% | 15.5% - 17.5% | Credit Limit: minimum of $10,000 |
| Loan Type | Rate Type | APR† | Term/LTV Details |
|---|---|---|---|
| Home Equity Loan | Fixed | 6.50% | 5 years |
| Home Equity Loan | Fixed | 6.75% | 7 years |
| Home Equity Loan | Fixed | 7.00% | 10 years |
| Home Equity Loan | Fixed | 7.25% | 15 years |
| Home Equity Loan | Fixed | 8.00% | 20 years |
| Home Equity Line of Credit* | Variable | 7.00% | 0-80% LTV |
| FHA Home Improvement Loan | Fixed | 7.50% | 5 years |
| FHA Home Improvement Loan | Fixed | 8.00% | 10 years |
| FHA Home Improvement Loan | Fixed | 8.25% | 15 years |
Home Equity Loan Payment Example: Fixed-rate equity loan amount of $80,000 at 7.75% for 15 years is $753.02. Taxes and insurance not included, the actual payment may be greater.
Purdue Federal Mortgage Services has a long history of connecting people in our community with their dream of owning a home. Unlike companies that “sell” your mortgage, we make a long-term commitment to be there for you for the life of the loan. Our team of mortgage specialists take a personal approach to helping you with great rates and superior member service.
We finance mortgages in almost any state. Let Purdue Federal be your local lender no matter what state your neighborhood is in. Plus our online pre-approval process takes just 20 minutes. Whether you are at home, at your real estate agent’s office or anywhere with Internet access, you can complete your application and print a pre-approval letter in about 20 minutes.
Click here to view our current mortgage loan rates or begin the application process.
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
Helpful Resources
APR = Annual Percentage Rate
LTV = Loan to Value
All rates are subject to change daily.