Compare Consumer Loan Rates
At Trustco Bank, borrowing locally means working with a team that knows your community and makes decisions close to home. Whether you need to finance a vehicle, fund a renovation, consolidate debt, or cover a property tax bill, we offer straightforward consumer loans with competitive rates across New York, New Jersey, Florida, Massachusetts, and Vermont. Use the tabs below to explore current rates, or call 800-670-3110 to speak with someone today.
Frequently Asked Questions About Trustco Bank Loan Rates
The autocharge discount is an interest rate reduction applied when you set up automatic loan payments from a Trustco Bank deposit account. Most consumer loan rates include an autocharge discount of 0.125%. Camper and RV loan rates include a larger discount of 0.50%. To qualify, your loan payments must be automatically charged from an eligible Trustco checking or deposit account.
A new vehicle must be purchased directly from a dealership with little to no mileage. The current or next model year alone does not automatically classify a vehicle as new — it must be a dealership purchase. All auto loan applications require a photo inspection, and new vehicle loans are available up to a maximum loan-to-value of 90%.
Trustco Bank offers used vehicle loans up to a maximum loan-to-value (LTV) of 80%. Used vehicle loans are available for cars up to four model years old, and a photo inspection is required on all automobile loans. Contact your nearest branch or call 800-670-3110 for details specific to your vehicle.
A passbook loan is a secured loan where your Trustco Bank CD or passbook savings account serves as collateral. The rate is set at 300 basis points above the CD or passbook savings yield, rounded up to the nearest one-eighth percent, with a floor rate of 4.00% with autocharge from a Trustco checking account (4.125% without autocharge). Because the loan is secured by your own deposit, it typically carries a lower rate than unsecured personal loans.
No. Trustco Bank’s Home Improvement Loan has no closing costs and no lien is filed on your property. Loan amounts range from $1,000 to $25,000 for terms up to 60 months. The loan must be used specifically for home improvements, a copy of the work order is required, and the loan amount cannot exceed the total cost of the improvement project.
Yes. Trustco Bank offers financing for both new and used campers and recreational vehicles, with terms up to 10 years. New campers must be purchased directly from a dealership. Used camper loans are available for vehicles up to five model years old. All camper and RV loans carry a maximum loan-to-value of 80% for both new and used vehicles. Note that camper loan rates include an autocharge discount of 0.50% rather than the standard 0.125%.
At Trustco Bank, debt consolidation allows you to combine multiple debts — such as credit cards and other outstanding balances — into a single loan with one monthly payment. Trustco offers debt consolidation loans through our consumer lending program for those looking for an alternative option. By consolidating into a single Trustco loan, you can simplify your monthly payments and work toward becoming debt-free. Visit your nearest Trustco Bank branch or call 1-800-670-3110 to speak with a lending specialist about which option is right for you.
Ready to Get Started?
Whether you’re financing a new car, funding a home improvement project, or consolidating debt, Trustco Bank’s local team is ready to help. Visit any of our branches across New York, Florida, Massachusetts, New Jersey, and Vermont, or call us at 800-670-3110 to speak with a loan originator.
Come home to Trustco, your Home Town Bank.
Disclaimer:
*Listed rates include autocharge discount of 0.125%. Does not include Camper loan rates.
Rates and products are subject to change at anytime without notice. Subject to credit approval.
(1) A photo inspection will be required on all automobile loans. Maximum loan-to-value is 90%. Current or next year does not classify the car as new. New cars are purchased directly from a dealership, with little to no mileage.
(2) A photo inspection will be required on all automobile loans. Maximum loan-to-value is 80%. Loans available for vehicles up to 4 model years old.
(3) Rate listed is for loan amounts $1,000 - $25,000 for a term up to 60 months. Loan must be used for home improvements. Copy of work order required, loan can not exceed cost of improvement project. There are no closing costs and no lien filed on property.
(4) Passbook loan rate will be 300 basis points above the CD/Passbook Savings yield rounded up to the nearest eighth percent with a floor rate of 4.00% with autocharge from a Trustco Bank checking account. Floor rate of 4.125% without autocharge. (ex. A Trustco CD Yield of 1.80% plus 300 basis points equals 4.80% rounded up to the nearest .125% is 4.875%). Rate may change.
(5) All Camper Loan rates include autocharge discount of 0.50%. Camper and RV Loans are a maximum 80% LTV for new and used. New Campers are purchased directly from the dealership.
(6) Used campers up to 5 years based upon model year.
