Loan Rates
Effective Saturday, June 10, 2023
2013-2023 Model Years Automobile & Truck Loan
| Terms | APR (Rates* as low as) | Minimum Loan Balance |
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months | ||
| 72 Months | ||
| 84 Months | ||
| 96 Months |
*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 4.64% APR, the monthly payment will be $374.13.
2009-2023 Motorcycles, Boats, Motor Homes & Other Recreational
| Terms | ||
|---|---|---|
| 48 Months | ||
| 60 Months | ||
| 72 Months | ||
| 84 Months | ||
| 120 Months |
*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 6.99% APR, the monthly payment will be $528.07
Used Vehicles 2012 & Older
| Terms | ||
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months |
*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 8.49% APR, the monthly payment will be $142.03.
Unsecured - Closed End
| Terms | ||
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months |
*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 8.74% APR, the monthly payment will be $185.71.
Premium Line of Credit
Get Peace of Mind and Protection from NSF’s.
| Loan Type | ||
|---|---|---|
| Premium Line of Credit |
*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 | ||
|---|---|---|
| Home Equity Fixed Rate 1 – 60 Months | ||
| Home Equity Fixed Rate 61 – 120 Months | ||
| Home Equity Fixed Rate 121 – 180 Months |
| Terms | |
|---|---|
| 5×5 Adjustable (30 yr arm – primary home) |
*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 | |
|---|---|
| HELOC Special |
*The 1.99% introductory Annual Percentage Rate (APR) applies until January 1, 2024, and is limited to credit union members with newly-opened HELOCs during the promotional period (April 1, 2023– June 30, 2023). 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 8.25%), 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, 2023 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