Loan Products

HPECU is known for making great loans! From small personal loans to larger loans, we can help you achieve your goals and make your dreams come true. Our loan decisions are made promptly and in most cases we can approve your loan and have a check in your hands the same day. You can apply for your loan in person, by fax or through our secure internet banking web site.

Home Equity Line of Credit (HELOC)

Similar to a home equity loan, you can use the equity in your home to obtain a credit line from which you can draw funds to make home improvements, consolidate debt, buy a new car, take a vacation or pay for college! Use as much or as little as you need. Interest is charged only on the outstanding balance - not the total amount of the credit line. And for the first ten years, you are only required to make interest payments! Your available credit line replenishes as you repay the outstanding balance.

Fill out this simple prequalification worksheet to find out what your credit line could be!

  • Simple application with no application fees
  • 10-year draw period; repayment period next 15 years
  • Interest-only payments for first 10 years; remaining 15-year term is fully amortized
  • No annual fees
  • No closing costs
  • Low, variable rates tied to the Prime Lending Rate
  • Convenient terms
  • Tax-deductible interest in most cases (contact your tax advisor)
  • No pre-payment penalty (refer to terms and conditions for details)
  • Condos and town homes eligible (some restrictions apply)
  • In-house loan servicing for the life of your loan

Automobile Loans

New or used, your credit union has some of the most competitive vehicle loan rates around. Let us finance your car, truck, van, motorcycle or recreational vehicle.

  • Simple FREE loan application
  • No closing costs
  • No down payment required
  • 100% financing available
  • Terms up to 72 months
  • Low, affordable rates
  • Pre-approval to make shopping easy and hassle-free
  • Automatic payment from your checking or savings account
  • Refinance existing loans from other lenders
  • Auto loans financed up to NADA book retail value, including tax, license and warranty

E-mail our loan department for more information, or to obtain a loan pre-approval. You may also contact us at 860-529-1234 or toll-free in Connecticut at 888-917-1234.

   

Personal (Unsecured) Loans

Need a personal loan? Borrow up to $10,000 with just your signature and a good credit history as collateral. We offer easy repayment terms of up to 60 months. Repayment is simple and convenient with a payroll deduction or direct deposit and is designed to fit your budget. Eligibility is based on income and credit score as determined by the loan application and credit report.

To apply for a loan simply download an application and drop it in the mail with a copy of your latest pay stub or bring to the branch.