Loan Rates

Effective Saturday, April 20, 2024

2014-2024 Model Years Automobile & Truck Loan

Terms	APR (Rates as low as)*	Minimum Loan Balance
36 Months	5.99%	Minimum Loan Amount $4,500
48 Months	6.14%	Minimum Loan Amount $4,500
60 Months	6.14%	Minimum Loan Amount $4,500
72 Months	6.74%	Minimum Loan Amount $15,000
84 Months	6.99%	Minimum Loan Amount $35,000
96 Months	7.24%	Minimum Loan Amount $50,000

*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $20,000 new car loan for a term of 60 months with a 6.14% APR, the monthly payment will be $387.96.

2010-2024 Motorcycles, Boats, Motor Homes & Other Recreational

Terms	APR (Rates as low as)*	Minimum Loan Balance
48 Months	7.74%	Minimum Loan Amount $4,500
60 Months	7.99%	Minimum Loan Amount $4,500
72 Months	8.24%	Minimum Loan Amount $20,000
84 Months	8.49%	Minimum Loan Amount $35,000
120 Months	8.74%	Minimum Loan Amount $50,000

*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $35,000 new boat/RV loan for a term of 84 months with a 8.49% APR, the monthly payment will be $554.10

Used Vehicles 2013 & Older

Terms	APR (Rates as low as)*	Minimum Loan Balance
36 Months	9.99%	Minimum Loan Amount $4,500
48 Months	10.24%	Minimum Loan Amount $4,500
60 Months	10.49%	Minimum Loan Amount $4,500

*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $4,500 used vehicle loan for a term of 36 months with a 8.99% APR, the monthly payment will be $145.18.

Unsecured - Closed End

Terms	APR (Rates as low as)*	Maximum Loan Balance
36 Months	9.99%	$25,000.00 Max
48 Months	10.24%	$25,000.00 Max
60 Months	10.49%	$25,000.00 Max

*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $7,500 unsecured closed end loan for a term of 48 months with a 10.24% APR, the monthly payment will be $191.08.

Premium Line of Credit

Get Peace of Mind and Protection from NSF’s.

Loan Type	APR (Rates as low as)*	Minimum Loan Balance
Premium Line of Credit	12.99%	Minimum Amount $200.00

*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility.

Home Equity Loan

Fixed Rates. Terms up to 180 months.

Terms	APR (Rates as low as)*	Fixed Minimum Loan Balance
Home Equity Fixed Rate 1 – 60 Months	5.99%	$10,000 up to 80% LTV
Home Equity Fixed Rate 61 – 120 Months	6.99%	$10,000 up to 80% LTV
Home Equity Fixed Rate 121 – 180 Months	7.49%	$10,000 up to 80% LTV

Terms	APR (Rates as low as)*
5×5 Adjustable (30 yr ARM – primary home)	8.25%

*Rates are Annual Percentage Rates. Rates subject to change without notice. The APR is the credit unions standard rate. The rate may vary depending on each individual’s credit history and underwriting factors. All loans are subject to approval and membership eligibility

Terms	APR (Rates as low as)*
HELOC	Prime Minus .25%

*Annual Percentage Rate (APR) is based on applicant’s credit history. Prime Rate is equal to 8.50%. The variable rate which is based on the Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the last day of each calendar quarter of each year (“Index”) plus a “Margin”. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each calendar quarter of each year. Increases or decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and may affect the amount of your scheduled payments during the Draw and Repayments Periods. Your Interest Rate cannot increase or decrease by more than 2.00 percentage points each year and will never be less than 3.00% nor greater than18.00% and will apply to the remaining principal balance. If the index becomes unavailable, we may select another Index and Margin which would result in a substantially similar Interest Rate. Maximum LTV is 80%. Membership eligibility required.

HELOC PROMO

Terms	APR (Rates as low as)*
Home Equity Line of Credit Promo	1.99%*

*The 1.99% introductory Annual Percentage Rate (APR) applies until January 1, 2025, and is limited to credit union members with newly-opened HELOCs during the promotional period (April 1, 2024– June 28, 2024). Thereafter, a variable rate of 3.00% to 18.00% will apply, and is based on credit history, loan to value and other underwriting criteria. The variable APR is based on the index value (prime, currently 8.50%), plus a margin, subject to change, but at no time shall be less than 3.00% or exceed 18.00%. Applications must be submitted by June 28, 2024 to receive consideration for the introductory APR. The introductory rate cannot be combined with any other offer. Property insurance is required and, if applicable, flood insurance will be required. Additional restrictions, limitations, and exclusions may apply. Please contact Michigan United Credit Union for additional details. NMLS#500296