Personal Loan Rates

Auto

Effective Date: Sunday, September 24, 2017

Model YearAnnual Percentage Rate*Comments
2015-20172.74%Term <= 60 months
2015-20172.91%Term > 60 months & <= 72 months
2015-20173.38%Term > 72 months & <= 78 months max. (Loans $15,000+)
2015-20174.14%Term > 78 months & <= 84 months max. (Loans $20,000+)
2013-20142.74%Term <= 60 months
2007-20122.74%Term <= 48 months
2006 and olderContact our local officer for more information.

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: A $20,000 auto loan at 2.54% interest rate for 60 monthly payments of $357.08 with a $100 origination fee will have a 2.74% APR.

Boat

Effective Date: Sunday, September 24, 2017

ProductAnnual Percentage Rate*Comments
NEW & USED**3.64%Term <= 60 months
4.06%Term > 60 months & <= 84 months (Loans $5,000-$50,000)
4.03%Term > 84 months & <= 120 months (Loans $10,000-$50,000)
4.37%Term > 120 months & <= 144 months (Loans $15,000-$50,000)
4.61%Term > 144 months & <= 180 months (Loans $25,000-$50,000)

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $25,000 RV loan at 3.94% interest rate for 120 monthly payments of $253.41 with a $100 origination fee will have a 4.03% APR. 

**Add .5% for units over 5 yrs old. Add 1% for units over 8 yrs old.

RV (Motorhomes, Travel Trailers & Campers)

Effective Date: Sunday, September 24, 2017

ProductAnnual Percentage Rate*Comments
NEW & USED**3.64%Term <= 60 months
4.06%Term > 60 months & <= 84 months (Loans $5,000-$50,000)
4.03%Term > 84 months & <= 120 months (Loans $10,000-$50,000)
4.37%Term > 120 months & <= 144 months (Loans $15,000-$50,000)
4.61%Term > 144 months & <= 180 months (Loans $25,000-$50,000)

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $25,000 RV loan at 3.69% interest rate for 120 monthly payments of $249.45 with a $100 origination fee will have a 3.775% APR. 

**Add .5% for units over 5 yrs old. Add 1% for units over 8 yrs old.

Motorcycle

Effective Date: Sunday, September 24, 2017

Model YearAnnual Percentage Rate*Comments
2016-20173.73%Term <= 72 months max. (Loans $15,000+)
2014-20173.40%Term <= 60 months max. (Loans $10,000+)
2012-20173.74%Term <= 48 months max. (Loans $5,000+)
2011 & older4.06%Term <= 36 months max.

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $10,000 motorcycle loan at 3.00% interest rate for 60 monthly payments of $181.48 with a $100 origination fee will have a 3.40% APR. 

Home Equity (2nd Mortgages)

Effective Date: Sunday, September 24, 2017

ProductAnnual Percentage Rate*Comments
Owner-Occupied/Duplex:3.25%80% Loan To Value or Less (Term of 5 yrs)
4.25%80% Loan To Value or Less (Term of 10 yrs)
4.75%80% Loan To Value or Less (Term of 15 yrs)
6.00%80% Loan To Value or Less (Term of 20 yrs)
6.50%80% Loan To Value or Less (Loans $25,000+ w/Term of 25 or 30 yrs)
3.51%80.1% to 90% Loan To Value (Term of 5 yrs)
5.01%80.1% to 90% Loan To Value (Term of 10 yrs)
5.26%80.1% to 90% Loan To Value (Term of 15 yrs)
6.50%80.1% to 90% Loan To Value (Term of 20 yrs)
7.00%80.1% to 90% Loan To Value (Loans $25,000+ w/Term of 25 or 30 yrs)

Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $40,000 home equity 2nd loan at 3.24% interest rate for 60 monthly payments of $723.24 (payment does not include taxes and insurance, if applicable, so actual payment obligation may be greater), with a $12 flood determination fee will have a 3.25% APR. 

Home Equity (1st Mortgages)

Effective Date: Sunday, September 24, 2017

ProductAnnual Percentage Rate*Comments
Owner-Occupied/Duplex:3.51%80% Loan To Value or Less (Term of 5 yrs)
4.25%80% Loan To Value or Less (Term of 10 yrs)
4.38%80% Loan To Value or Less (Term of 15 yrs)

Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $75,000 home equity 2nd loan at 3.50% interest rate for 60 monthly payments of $1,364.60 (payment does not include taxes and insurance, if applicable, so actual payment obligation may be greater), with a $12 flood determination fee will have a 3.51% APR. 

BetterLifeā„¢ Student Loan Rates

Effective Date: Sunday, September 24, 2017

ProductAnnual Percentage Rate*
BetterLife Student Loan1.75%

*Terms and conditions may apply. Loan payment example: A $25,000 student loan at 1.75% interest rate for 120 monthly payments of $227.25 with no fees will have a 1.75% APR.