Personal Loan Options

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Personal Loans

Get a low-cost Personal Loan for special events like your child’s wedding or that once-in-a-lifetime trip you’ve always dreamed about.

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Consolidation Loans

Consolidate higher-interest credit cards and loans into one small monthly payment with a Debt Consolidation Loan. You can cut your monthly costs and significantly trim your budget.

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Emergency Loans

We understand you have bills to pay so we’ve established an Emergency Personal Loan of up to $1,000 with interest rates as low as 1.00% APR1. The loan term is 6 months and the first payment can be deferred for 3 months.

We want to help, so please call us at (585) 453-7030 or (800) 836-7328 extension 7030.

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Memorial Loan

For families, losing a loved one can be hard, and unfortunately, expenses often arise. The Summit’s new Memorial Loan program is our way to help ease your mind during this difficult time.

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Share Secured Loans

Use the money you have on deposit with The Summit as collateral for a low-interest rate Secured Loan. We offer Share Secured, Share Certificate Secured and Money Market Secured Loans.

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Overdraft Protection/ Line of Credit

Having a revolving line of credit gives you peace of mind and flexibility when you need it. Tied to your account, a line of credit gives you overdraft protection with no annual fees or transfer fees. And funds become available again as you pay down your balance.

Home Improvement Loan Options

Home Improvement Loan

Have big plans for remodeling? Whether you’re planning full-scale changes or repairing your home, The Summit can make your home improvement projects more affordable than ever. With our low rates and convenient choice of terms, you can easily get the money you need for all your remodeling jobs.

Home Equity Loans

Have a home project or large expense? The best way to pay for it may be right under your feet: in your home’s equity. For bigger home improvement projects, debt consolidation, or paying a large bill like college tuition, a Home Equity Loan could be right for you. Learn more about which home equity option is right for you.

Student Loan Options

Sallie Mae's Smart Option Student Loan®

For college expenses not covered by scholarships and federal loans, The Summit has partnered with Sallie Mae to bring you loans with great repayment options and competitive rates. The Sallie Mae Smart Option Student Loan is part of The Summit’s signature Start Smart Program for young adults.

Learn more and apply today

College Wise Loan

If you’re planning to attend or you already attend college, we have special member financing options to help meet your expenses, such as tuition, books, plus room and board. Our College Wise Loans have extended terms and a competitive interest rate to make college expenses more reasonable.

Apply Now

For more information or if you have questions about our products or services, visit any of our branches or call us at (585) 453-7030 or (800) 836-7328 extension 7030.

Loan Rates

Rates effective March 24 through March 31, 2020

Fixed APR* with Auto Payment**
Payment per $1,000
Fixed APR* w/Billing
Payment per $1,000
Memorial Loan
Emergency Loan
Home Improvement
College Wise
Variable rate - please call (585) 453-7030 or (800) 836-SFCU ext. 7030 for most current rate

View our current Loan Rate Sheet for a full list of rates.

Get details on our MortgagesAuto Loans and Home Equity products today.

Apply for a loan today

For more information about our loan products, stop by a branch or call the Member Service Center at (585) 453-7030 or (800) 836-SFCU extension 7030.

Need help determining payment options or how much you can afford to finance? Check out our convenient loan calculators.

All loans are subject to credit approval. Must be 18 years of age or older to apply. The Summit’s loan programs, rates, terms. and conditions are subject to change at any time. Variable rates available for all loan types. 100% financing available on recreational vehicle and car loans.

The rates shown are the best rates available.

1. The Emergency Personal Loan is a Personal Loan of up to $1,000 with a term of 9 months (6 payments plus 3 months of deferred payments) at a rate as low as 1.00% Annual Percentage Rate (APR). The stated APR is the lowest available. First payment is deferred for 3 months. Payment example: A personal loan of $1,000 for 9 months at 1.00% APR will have a 6 monthly payments of $167.44 after the 3 month deferral period .  Your monthly payment would be lower if you do not defer the first payment. Payment example: If you deferred the first payment for three months, a personal loan of $1,000 for 9 months at 1.00% APR will have $0 monthly payments for the first three months followed by six monthly payments of $167.44. APR may vary depending on each individual’s credit history and underwriting factors. APRs range from 1.00% to 7.25%. Summit’s loan programs, rates, terms and conditions are subject to change without notice. 

* Annual Percentage Rate (APR) varies depending on your credit history.

** The automatic payment rate is only available when you authorize The Summit to automatically deduct payments from your Automatic Loan Payment Share account. To receive the automatic payment rate, the payment transfer must be from your Checking Account or Automatic Loan Payment Share account.

All home improvement loans $10,000 and over will require the following information to secure the loan:

  • Copies of hired contractor’s estimates to complete the work OR materials estimates from the merchant(s) from whom you plan on purchasing the supplies , if completing the home improvements yourself.
  • Copies of last two most recent pay stubs for all borrowers listed on application.
  • Self-employed individuals (and those who want other income to be considered in support of their application) must enclose signed and complete Federal Tax Returns (1040s, all schedules, partnership returns; if any) for the past two years.

Not responsible for typographic errors.