Loan Rates

Low-cost, Local Financing
Chocolate Bayou makes financing large purchases easy and affordable! Whether you’re buying your next car, remodeling your home, or even getting braces for your child…a loan from Chocolate Bayou can help.

Auto Loans

Up to 60 Months
APR1 as low as
Up to 72 Months
APR1 as low as
2.92%2 3.17%2

Secured Loans

Used for Boats, Motorcycles, RVs, ATVs, Motor Homes, Machinery, and Farm Equipment.

Up to 60 Months
APR1 as low as
Up to 72 Months
APR1 as low as
Up to 84 Months
APR1 as low as
Up to 96 Months
APR1 as low as
3.92%2 5.17%2 6.17%2 7.17%2
Higher terms available for some products. Not all terms shown are available for all products.

Unsecured Loans

Used for nearly anything! Popular uses include debt consolidation, medical expenses, education, furniture, and more.

Personal Loans Terms up to 60 months APR1 as low as
9.18%
Credit Cards Limits up to $10,000 APR1 as low as
9.18%

Land Loans3

Used for unimproved property.

10 years
APR1 as low as
15 years
APR1 as low as
1st Lien 6.75% 7.25%

Home Equity Loans3,4,5

Used for anything from debt consolidations to home improvements.

5 years
APR1 as low as
10 years
APR1 as low as
15 years
APR1 as low as
1st Lien 4.25% 4.50% 5.00%
2nd Lien 4.50% 5.25% 5.50%

Home Purchases & Refinance3,5

Used for purchasing or refinancing primary residences or rental/investment properties.

10 years
APR1 as low as
15 years
APR1 as low as
20 years
APR1 as low as
Home Purchase/Refinance 4.25% 4.50% 5.00%
Rental or Investment
Purchase/Refinance
6.25% 6.50% 7.00%

Rates are subject to change without notice. Not all members will qualify for all products offered. Not an offer to lend. NMLS# 941501. Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Rates effective March 2017

Disclosures:
  1. APR = Annual Percentage Rate. Rates and terms vary and are based on credit score and collateral.
  2. Rates include a .50% APR Chocolate Bayou Checking Account discount.
  3. Approved members may borrow up to 80% of sales price or appraised value of property, whichever amount is less.
  4. Minimum $10,000 for home equity loans. An additional $20,000 is required for “Cash Out” home equity refinances.
  5. An escrow account for taxes and insurances will be set up for first lien home equity and mortgage loans.