FAQs: Loans

If you have numerous delinquent payments, it will have a negative impact on your credit score and will affect your ability to borrow until you get back on track again.

So if you’re worried you’re not going to be able to make a payment, be sure to reach out to us as soon as possible. We may be able to provide you with a loan deferment or other advice to help with your situation. Learn more

Yes, we offer Free Financial Counseling to help you set goals to improve your financial fitness — then keep you on track until you reach them. Because interest rates are based on your credit score, it’s a great idea to get your finances in order before you take out a loan.

That’s why borrowing from a credit union is different to borrowing from a big financial institution. We’re here for everyone in our community and that means we’re here for you. Learn more

We finance ATVs that have been made between the years 2019 and 2023.

Both new and used ATVs made between 2019 and 2023 are eligible for up to 125% financing for up to 72 months. New ATVs made between 2019 and 2023 are eligible for 90% financing for up to 120 months.

Once we receive your application, approval for a BR Telco ATV loan generally takes about 1 to 2 business days.

You need to be a BR Telco member to qualify for motorcycle financing through us. Open a BR Telco savings account with a deposit of just $5, and just like that, you’re a member, and an owner!

As a member-owned nonprofit, BR Telco is a community-based financial institution just for you. We’re able to offer personalized customer service, lower interest rates, and higher dividends than conventional commercial banks.

Whether it’s help with credit, finances, or planning for your financial future, we can provide you with so much more than loans at competitive rates.

If you’re ready to get started, open a savings account with us today!

Both new and used motorcycles between the years 2019 and 2023 are eligible for up to 125% financing for terms of 60 or 72 months. New motorcycles between 2019 and 2023 are eligible for 125% financing for up to 120 months.

Generally, once the application is received approval for motorcycle loans takes about 1 to 2 business days.

Please have your insurance company to fax your insurance declaration page to 225.756.8553.

The majority of Louisiana vehicle titles are electronic and once paid off, printed and mailed by the Louisiana OMV. This process generally takes 2 – 4 weeks.

We are unable to process loan payments using credit cards, but debit cards are accepted for payment by phone (fees may apply).

You can pay online, by phone (fee may apply), by mail or at your nearest branch location. You can also set up a recurring automatic withdrawal payment option.

Baton Rouge Telco offers real estate loan options for homes and properties located in the state of Louisiana. Membership restrictions apply.

• Rate = Prime Rate + a margin (based on the member’s credit score and loan to value)
• Rate can adjust quarterly (January, April, July and October)

Home equity lines of credit have a minimum loan amount of $10,000 and you may borrow up to 90% of the combined value of your home.

Home equity lines of credit payments are due on the 1st of the month. Minimum payments are due each month where there is an active balance.

Home equity lines of credit are open for 10 years. Your minimum monthly payment will be $100 or 1.5% of the principal balance drawn, whichever is greater.

Mortgage refinances generally take less than 4 weeks to close after approval.

Baton Rouge Telco’s only in-house fees are the $50 application fee and an origination fee of 1% of the total loan amount at closing not to exceed $4,000.  The origination fee can be waived with .25% added to your qualifying interest rate.

The amount of cash that is needed depends on a number of items. Generally speaking, you will need to supply earnest money, a down payment, and closing costs. Earnest money is a deposit that is supplied when you make an offer on the house. The down payment is a percentage of the cost of the home that is due at settlement. Closing costs are costs associated with processing paperwork to purchase or refinance a house. Sometimes you can negotiate that the seller will pay this for you or give you a credit.

Your mortgage payment is made up of three components: principal, interest, and taxes and insurance. Principal is repayment on the amount borrowed. Interest is payment to the lender for the amount borrowed. Taxes and insurance are monthly payments that are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the Parish Tax Assessor and property insurance company.

Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount you can borrow will also depend on your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first-time buyers to purchase a home at a higher value. We can help guide you!

Baton Rouge Telco offers real estate loans for new home purchases, land purchases, 1st and 2nd mortgage refinancing with cash-out options, and home equity lines of credit (HELOC). We do not offer loans for mobile homes, condominiums (townhomes are acceptable), or investment properties.

All mortgage payments are due on the 1st of the month and are considered late after the 15th of the month.

You can pay online, by phone (fee may apply), by mail or at your nearest branch location. You can also set up a recurring automatic withdrawal payment option.

Baton Rouge Telco offers real estate loan options for homes and properties located in the state of Louisiana. Membership restrictions apply.

• Rate = Prime Rate + a margin (based on the member’s credit score and loan to value)
• Rate can adjust quarterly (January, April, July and October)

Home equity lines of credit have a minimum loan amount of $10,000 and you may borrow up to 90% of the combined value of your home.

Home equity lines of credit payments are due on the 1st of the month. Minimum payments are due each month where there is an active balance.

Home equity lines of credit are open for 10 years. Your minimum monthly payment will be $100 or 1.5% of the principal balance drawn, whichever is greater.

Mortgage refinances generally take less than 4 weeks to close after approval.

Baton Rouge Telco’s only in-house fees are the $50 application fee and an origination fee of 1% of the total loan amount at closing not to exceed $4,000.  The origination fee can be waived with .25% added to your qualifying interest rate.

The amount of cash that is needed depends on a number of items. Generally speaking, you will need to supply earnest money, a down payment, and closing costs. Earnest money is a deposit that is supplied when you make an offer on the house. The down payment is a percentage of the cost of the home that is due at settlement. Closing costs are costs associated with processing paperwork to purchase or refinance a house. Sometimes you can negotiate that the seller will pay this for you or give you a credit.

Your mortgage payment is made up of three components: principal, interest, and taxes and insurance. Principal is repayment on the amount borrowed. Interest is payment to the lender for the amount borrowed. Taxes and insurance are monthly payments that are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the Parish Tax Assessor and property insurance company.

Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount you can borrow will also depend on your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first-time buyers to purchase a home at a higher value. We can help guide you!

Baton Rouge Telco offers real estate loans for new home purchases, land purchases, 1st and 2nd mortgage refinancing with cash-out options, and home equity lines of credit (HELOC). We do not offer loans for mobile homes, condominiums (townhomes are acceptable), or investment properties.

All mortgage payments are due on the 1st of the month and are considered late after the 15th of the month.

You can pay online, by phone (fee may apply), by mail or at your nearest branch location. You can also set up a recurring automatic withdrawal payment option.

Collateral is only required for a share-secured personal loan. This loan uses funds on deposit in your savings account, certificate or money market as collateral.

We are unable to process loan payments using credit cards, but debit cards are accepted for payment by phone (fees may apply).

Payments made prior to 4 PM CST on business days will be posted to your account the same day after 5 PM CST. All other payments will be posted to your account the following business day.

You can pay online, by phone (fee may apply), by mail or at your nearest branch location. You can also set up a recurring automatic withdrawal payment option.

One of the biggest benefits of borrowing from a credit union is having your lender in your corner. Interest rates are based on your credit score, so you’ll want to make sure it’s in the best shape before you borrow.

We offer Free Financial Counseling to help you set and reach goals to improve your financial fitness!

Absolutely! We offer Online Loan Payments as a convenient option to our members through Online Banking, our Mobile App, and through automatic payments via Monthly Recurring Payments.

Learn more.

If you have numerous delinquent payments, it will have a negative impact on your credit score and will affect your ability to borrow until you get back on track again.

So if you’re worried you’re not going to be able to make a payment, be sure to reach out to us as soon as possible. We may be able to provide you with a loan deferment or other advice to help with your situation. Learn more

Yes, we offer Free Financial Counseling to help you set goals to improve your financial fitness — then keep you on track until you reach them. Because interest rates are based on your credit score, it’s a great idea to get your finances in order before you take out a loan.

That’s why borrowing from a credit union is different to borrowing from a big financial institution. We’re here for everyone in our community and that means we’re here for you. Learn more

We finance ATVs that have been made between the years 2019 and 2023.

Both new and used ATVs made between 2019 and 2023 are eligible for up to 125% financing for up to 72 months. New ATVs made between 2019 and 2023 are eligible for 90% financing for up to 120 months.

Once we receive your application, approval for a BR Telco ATV loan generally takes about 1 to 2 business days.