COSUMER LOAN RATES

Rates Effective: January 1, 2017

Loan Type
Term and Mileage
Credit Score of
725+ 680-724 651-679 600-650 560-599 559 and under

Vehicles - Model Years 2012-2017

No salvage titles.
36 - 48 months
100,000 max miles
 3.75%  4.50%  5.50%  10.00%  11.00%  12.50%
 
49 - 64 months
75,000 max miles
 4.75%  5.50%  6.50%  11.50%  12.00%  13.50%
Amount greater than $20,000
65 - 72 months
45,000 max miles
 5.25%  6.00%  7.00%  11.50%  12.50%  14.00%
Amount greater than $30,000
73 - 84 months
25,000 max miles
 5.75%  6.50%  7.50%  12.00%  13.00%  14.50%

Excess mileage rate adjustments
 
 0.50%  0.50%  0.50%  0.75%   0.75%

 0.75%

* Rates for Auto Loans may be adjusted for excess mileage, high loan to value or for being a classic car 25 years or older                                                                                                                     

Vehicles - Model Years 2007-2011

No salvage titles.
36 - 48 months
100,000 max miles
 4.75%  5.50%  6.50%  11.00%  12.00%  13.50%
 
49 - 64 months
75,000 max miles
 5.75%  6.50%  7.50%  12.00%  13.00%  14.50%
Amount greater than $20,000
65 - 72 months
45,000 max miles
 6.25%  7.00%  8.00%  12.50%  13.50%  15.00%
Amount greater than $30,000
73 - 84 months
25,000 max miles
 6.75%  7.50%  8.50%  n/a  n/a  n/a

Excess mileage rate adjustments
 
 0.50%  0.50%  0.50%  0.75%   0.75%  0.75%

* Rates for Auto Loans may be adjusted for excess mileage, high loan to value or for being a classic car 25 years or older.

Recreational Vehicles

New RV/Motor-home - 2009 and up
up to 180 months 
 6.00%  6.75%  7.75%  12.25%  13.25%  14.75%
Used RV/Motor-home - 2003 - 2008
up to 180 months 
 7.00%  7.75%  8.75%  13.25%  14.25%  15.75%
New Motorcycle 2009 and up
up to 64 months 
 5.25%  6.00%  7.00%  11.50%  12.50%  14.00%
Used Motorcycle -2003-2008
up to 64 months 
 6.25%  7.00%  8.00%  12.50%  13.50%  15.00%
Boat New and Used, ATVs and Ski Jets
up to 64 months 
 6.25%  7.00%  8.00%  12.50%  13.50%  15.00%

Personal Signature Loans

Signature - fixed rate and term
up to 60 months 
 9.75%  10.50%  11.50%  16.00%  17.00%  18.00%
Quick Loan - $50.00 non-refundable application fee/Non-credit qualification
4 months 
 18.00%  18.00%  18.00%  18.00%  18.00%  18.00%
Line of Credit
open 
 15.50%  15.50%  15.50%  15.50%  15.50%  15.50%
Loans secured by savings (shares)
up to 60 months 
 3.00%  3.00%  3.00%  3.00%  3.00%  3.00%
Loan secured by Share Certificates (CD's)
term of CD 
 3% over CD rate

Micro-Business Loans

Secured with collateral - 100%, up to $50,000
up to 84 months
5.75% 6.50% 7.50% 12.00% 13.00% 14.50%
Signature - fixed rate and term - up to $20,000
up to 60 months
7.25% 8.00% 9.00% 13.50% 14.50% 16.00%
Line of Credit- up to $15,000
open
10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
 
Disclosures:
*Rate is dependent upon credit score and term of loan and mileage. MFCU reserves the right to require a down payment. A 100 basis point discount on the interest rate if a 10% or more down payment on a used or new vehicle. A 50 basis point discount on the interest rate if loan pays by payroll deduction or automatic transfer. No salvage titles. The payment on a $25,000 loan at 64 months at 5.15% APR is $447.56
 

 

 
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