Loan Rates

Effective Thursday, May 19, 2022
2012-2022 Model Years Automobile & Truck Loan
TermsAPR
(Rates* as low as)
Minimum Loan Balance
36 Months
1.99%
Minimum Loan Amount $4,500
48 Months
2.14%
Minimum Loan Amount $4,500
60 Months
2.14%
Minimum Loan Amount $4,500
72 Months
2.74%
Minimum Loan Amount $15,000
84 Months
2.99%
Minimum Loan Amount $35,000
96 Months
3.24%
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 2.340% APR, the monthly payment will be $353.54.

2008-2022 Motorcycles, Boats, Motor Homes & Other Recreational
Terms
APR (Rates* as low as)
Minimum Loan Balance
48 Months
3.89%
Minimum Loan Amount $4,500
60 Months
4.14%
Minimum Loan Amount $4,500
72 Months
4.39%
Minimum Loan Amount $20,000
84 Months
4.64%
Minimum Loan Amount $35,000
120 Months
4.89%
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 4.340% APR, the monthly payment will be $483.91.

Used Vehicles 2011 & Older
Terms
APR (Rates* as low as)
Minimum Loan Balance
36 Months
5.99%
Minimum Loan Amount $4,500
48 Months
6.24%
Minimum Loan Amount $4,500
60 Months
6.49%
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 5.840% APR, the monthly payment will be $136.57.

Unsecured - Closed End
Terms
APR (Rates* as low as)
Maximum Loan Balance
36 Months
6.99%
$25,000.00 Max
48 Months
7.24%
$25,000.00 Max
60 Months
7.49%
$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 7.090% APR, the monthly payment will be $179.91.

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
2.99%
$10,000 up to 80% LTV
Home Equity Fixed Rate 61 – 120 Months
3.49%
$10,000 up to 80% LTV
Home Equity Fixed Rate 121 – 180 Months
3.99%
$10,000 up to 80% LTV
Terms
APR (Rates* as low as)
5×5 Adjustable (30 yr arm – primary home)
3.75%

*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

HELOC
Terms
APR (Rates* as low as)
HELOC
1.99%*

The 1.99% introductory Annual Percentage Rate (APR) applies until January 1, 2023, and is limited to credit union members with newly-opened HELOCs during the promotional period (April 1, 2022– June 30, 2022). 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 4.00%), 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 30, 2022 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#5002964.