The New York University Federal Credit Union is a home equity line of credit from New York University Federal Credit Union. The annual fee is You'll save with great rates and a variety of terms, plus no annual fees.. The ongoing APR is 780+ (A+): Prime Rate - 0.75%; 700-779 (A): Prime Rate; 660-699 (B): Prime Rate + 0.25%; 620-659 (C): Prime Rate + 1.00%; Life Cap - 16% APR; Floor - 3.25%. Typical credit limit: Loan amounts from $50,000 to $500,000. Loan terms: 5 years draw, 10 years repayment OR 10 year draw with interest only payments during draw, 20 year repayment afterward.