LOAN RATES
LOAN RATES
NEW
Maximum financing is vehicle MSRP *Plus tax and license fees*. Financing available up to 60 months. 72 month repayment schedule available with minimum financed amount of $20,000 Under one year service, 85% of MSRP plus tax and license.
REFINANCING of new autos financed through a dealer or other financial institution within the previous 45 day period will be treated as a new vehicle.
Also available for new vehicles are Mechanical Breakdown Insurance policies (MBP) and Guaranteed Asset Protection Plans (GAP).
Interest rate is based on Member’s Experian FICO 2 Risk Score:
Score |
Rate (APR) |
800 and up |
3.9% |
750 – 799 |
4.9% |
720 – 749 |
5.9% |
690 – 719 |
6.9% |
640 – 689 |
8.9% |
600 – 639 |
10.9% |
550 – 599 |
11.9% |
500 – 549 |
13.9% |
Members with credit score below 500 are not eligible for this loan type.
New Vehicle loans: Payment per $1,000 borrowed, $17.93-$23.74 for 60 months
USED
Used car financing available up to 60 months. 72 month repayment schedule available with minimum financed amount of $20,000. We will finance up to Retail Kelley Blue Book value. Under one year of employment or less than one year of steady, verifiable non-employment income, 85% of Retail Kelley Blue Book, plus tax and license.
Also available for used vehicles are Mechanical Breakdown Insurance policies (MBP) and Guaranteed Asset Protection Plans (GAP).
Interest rate is based on Member’s Experian FICO 2 Risk Score:
Score |
Rate (APR) |
800 and up |
4.50% |
750 – 799 |
5.50% |
720 – 749 |
6.50% |
690 – 719 |
7.50% |
640 – 689 |
9.50% |
600 – 639 |
11.50% |
550 – 599 |
12.50% |
500 – 549 |
14.50% |
Members with credit score below 500 are not eligible for this loan type.
New Vehicle loans: Payment per $1,000 borrowed, $17.93-$23.74 for 60 months
Under 1 year on current job, $2,000 maximum for 18 months. A person with over 1 year on current job may qualify for a loan up to 2 times gross monthly salary for up to 48 months.
Eight tiered interest rate risk based according to Member’s Experian FICO 2 Risk Score as follows:
Score |
Rate (APR) |
800 and up |
8.00% |
750 – 799 |
9.00% |
720 – 749 |
10.00% |
690 – 719 |
11.00% |
640 – 689 |
12.00% |
600 – 639 |
14.00% |
550 – 599 |
16.00% |
500 – 549 |
18.00% |
Members with credit score below 500 are not eligible for this loan type.
SIgnature Loans: Payment per $1,000 borrowed, $24.06 – $29.37 for 48 months
This type of RV will be financed only in States where the RV is titled. If the State does not issue a title, the credit union cannot finance it. Length of financing is determined by the amount financed. NEW – Maximum 80% of cost (excluding tax and license fees) or USED – 95% of NADA ‘low retail’ value. Interest rate is based on Member’s Experian FICO 2 Risk Score:
Score |
Rate (APR) |
800 and up |
5.99% |
750 – 799 |
6.99% |
720 – 749 |
7.99% |
690 – 719 |
8.99% |
640 – 689 |
10.99% |
600 – 639 |
11.99% |
550 – 599 |
12.99% |
500 – 549 |
14.99% |
Members with credit score below 500 are not eligible for this loan type.
Length of financing is determined by amount financed |
Term |
Loans up to $5,000 |
24 months |
$5,001 – $10,000 |
36 months |
$10,001 – $15,000 |
48 months |
$15,001 |
60 months |
Recreational Vehicle Loans: Payment per $1,000 borrowed, $18.87 – $24.33for 60 months
Loan Rates effective as of 4/01/2023
APY = Annual Percentage Yield.
APR = Annual Percentage Rate.
ARM = Adjustable Rate Mortgage, rates adjust annually.