What We Offer
Chemung Canal Trust Company offers both secured and unsecured loans. The amount you are approved to borrow, interest rate and APR are determined by a variety of factors, including your credit score. Once you’re approved for your loan, you can use the loan to:
- Purchase a new car, truck, SUV, ATV
- Fund a home improvement project
- Pay for an event like a family vacation or a wedding
- Consolidate debt
Contact Us
Personal Loan Interest Rates
Rates as of March 26, 2025
| Credit Score* |
|---|
| 740 & Above |
|---|
| Term | up to 48 Months |
| Interest Rate (Secured) | 8.00% |
| APR** | 8.00% |
| Interest Rate (Partially Secured) | 9.25% |
| APR** | 9.25% |
| Interest Rate (Unsecured) | 11.25% |
| APR** | 11.25% |
| 740 & Above |
|---|
| Term | 49 to 60 Months |
| Interest Rate (Secured) | 8.50% |
| APR** | 8.50% |
| Interest Rate (Partially Secured) | 10.25% |
| APR** | 10.25% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| 700-739 |
|---|
| Term | Up to 48 months |
| Interest Rate (Secured) | 9.50% |
| APR** | 9.50% |
| Interest Rate (Partially Secured) | 11.00% |
| APR** | 11.00% |
| Interest Rate (Unsecured) | 13.00% |
| APR** | 13.00% |
| 700-739 |
|---|
| Term | 49 to 60 Months |
| Interest Rate (Secured) | 10.25% |
| APR** | 10.25% |
| Interest Rate (Partially Secured) | 11.75% |
| APR** | 11.75% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| 675-699 |
|---|
| Term | Up to 48 months |
| Interest Rate (Secured) | 12.00% |
| APR** | 12.00% |
| Interest Rate (Partially Secured) | 14.25% |
| APR** | 14.25% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| 675-699 |
|---|
| Term | 49 to 60 Months |
| Interest Rate (Secured) | 12.50% |
| APR** | 12.50% |
| Interest Rate (Partially Secured) | 14.75% |
| APR** | 14.75% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| 674 & Below |
|---|
| Term | up to 48 Months |
| Interest Rate (Secured) | 13.00% |
| APR** | 13.00% |
| Interest Rate (Partially Secured) | 15.00% |
| APR** | 15.00% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| 674 & Below |
|---|
| Term | 49 to 60 months |
| Interest Rate (Secured) | 13.50% |
| APR** | 13.50% |
| Interest Rate (Partially Secured) | 15.50% |
| APR** | 15.50% |
| Interest Rate (Unsecured) | -- |
| APR** | -- |
| Credit Score* | Term | Interest Rate (Secured) | APR** | Interest Rate (Partially Secured) | APR** | Interest Rate (Unsecured) | APR** |
|---|
| 740 & Above | up to 48 Months | 8.00% | 8.00% | 9.25% | 9.25% | 11.25% | 11.25% |
| 740 & Above | 49 to 60 Months | 8.50% | 8.50% | 10.25% | 10.25% | -- | -- |
| 700-739 | Up to 48 months | 9.50% | 9.50% | 11.00% | 11.00% | 13.00% | 13.00% |
| 700-739 | 49 to 60 Months | 10.25% | 10.25% | 11.75% | 11.75% | -- | -- |
| 675-699 | Up to 48 months | 12.00% | 12.00% | 14.25% | 14.25% | -- | -- |
| 675-699 | 49 to 60 Months | 12.50% | 12.50% | 14.75% | 14.75% | -- | -- |
| 674 & Below | up to 48 Months | 13.00% | 13.00% | 15.00% | 15.00% | -- | -- |
| 674 & Below | 49 to 60 months | 13.50% | 13.50% | 15.50% | 15.50% | -- | -- |
Payment Examples - Secured Loans
| Credit Score* |
|---|
| 740 & Above |
|---|
| Term | 48 |
| Amount | $5,000 |
| Monthly Payment | $122.06 |
| Total Loan & Interest | $5,859.12 |
| 740 & Above |
|---|
| Term | 60 |
| Amount | $5,000 |
| Monthly Payment | $102.58 |
| Total Loan & Interest | $6,154.99 |
| 700-739 |
|---|
| Term | 60 |
| Amount | $5,000 |
| Monthly Payment | $106.85 |
| Total Loan & Interest | $6,411.12 |
| 675-699 |
|---|
| Term | 60 |
| Amount | $5,000 |
| Monthly Payment | $112.49 |
| Total Loan & Interest | $6,749.39 |
| 674 & Below |
|---|
| Term | 48 |
| Amount | $5,000 |
| Monthly Payment | $134.14 |
| Total Loan & Interest | $6,438.58 |
| Credit Score* | Term | Amount | Monthly Payment | Total Loan & Interest |
|---|
| 740 & Above | 48 | $5,000 | $122.06 | $5,859.12 |
| 740 & Above | 60 | $5,000 | $102.58 | $6,154.99 |
| 700-739 | 60 | $5,000 | $106.85 | $6,411.12 |
| 675-699 | 60 | $5,000 | $112.49 | $6,749.39 |
| 674 & Below | 48 | $5,000 | $134.14 | $6,438.58 |
Payment Examples - Unsecured Loans
| Credit Score* |
|---|
| 740 & Above |
|---|
| Term | 48 |
| Amount | $5,000 |
| Monthly Payment | $129.84 |
| Total Loan & Interest | $6,232.04 |
| 700-739 |
|---|
| Term | 48 |
| Amount | $5,000 |
| Monthly Payment | $134.14 |
| Total Loan & Interest | $6,438.58 |
| Credit Score* | Term | Amount | Monthly Payment | Total Loan & Interest |
|---|
| 740 & Above | 48 | $5,000 | $129.84 | $6,232.04 |
| 700-739 | 48 | $5,000 | $134.14 | $6,438.58 |
*Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers.
- Loans subject to credit approval
- Interest rates and programs are subject to change without notice
- Loans under $2,500 must be kept to a maximum term of 48 months
- Loans $10,000 and above must be fully secured
- Interest rates will be discounted 0.25% with Auto Pay from a Chemung Canal checking or savings account
**APR = Annual Percentage Rate. The APR represents the maximum amount that may be charged in a year.
There is no minimum period for repayment and the maximum period for repayment is equal to the agreed upon term.
