Loan Rates

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MCCU Loan Rates

Effective as of April 1, 2014

(Rates subject to change at any time without notice)

 

1.99% APR[1]

Up to 66 Months with FICO Credit Score of 740 or greater. To be used for the purchase of a new or used car (or refinance from another lender). Refinancing of existing MCCU auto loans not eligible for the 1.99% APR. Must meet credit and income criteria. Rate reflects Automatic Payment discount of .50% and Platinum Membership discount of .50%.

 

 

Rates Menu
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  Business
 
Terms up to:

FICO Score APR[1]

Payment per
$1,000[2]



New and Used Auto[3]
48 Months
60 Months
72 Months
84 Months


1.99%
1.99%
2.99%
4.99%

$21.70
$17.53
$15.20
$14.14
apply
Motorcycles[6]
60 Month term (New)
48 Month term (Used)
7.99%
7.99%
$20.28
$24.41
apply
RVs[6]
60 Month term (New)
(Up to 120 months for balances over $35,000)

60 Month term (Used)
(Up to 120 months for balances over $35,000)

9.00%


9.25%

$20.76


$20.89
apply
New Boats[6]
60 Month term
8.75%
$20.64
apply
Used Boats[6]
up to 5 years old

9.00%

$20.76
apply
Energy Loans[6]
60 Month term (borrow up to $50,000)

4.99%

$18.87
apply
Energy Loans[6]
120 Month term (borrow up to $50,000)
5.99%
$11.10
apply
Energy Loans[6]
180 Month term (borrow up to $50,000)

6.99%

$8.99
apply
Solar Loans[6]
96 Month term (borrow up to $50,000)

4.99%

$12.66
apply
Solar Loans[6]
120 Month term (borrow up to $50,000)

5.99%

$11.10
apply
Solar Loans[6]
180 Month term (borrow up to $50,000)
6.99%
$8.99
apply
Solar Loans[6]
240 Month term (borrow up to $50,000)

7.99%

$8.37
apply
Cool Comfort HVAC Loans[6]
60 Month term (borrow up to $15,000)
2.00%
$17.53
apply
Cool Comfort HVAC Loans[6]
120 Month term (borrow up to $15,000)

3.00%

$9.66
apply
Personal[6]
12 Months (fixed rate)
9.90% $87.88 apply
Personal[6]
60 Months (variable rate)
8.89%[4] - apply
Share Secured
60 Months
Call -  
Certificate Secured
same as certificate term
Call -  
Line of Credit
revolving (variable rate)
8.89%[4] - apply
Mortgages
Purchases and Refinances
Call our Loan Department: (818) 993-6328  
Home Equity Line of Credit
3.99%[5]
Up to 70% of appraised value apply


Other Loan Types available. Please call for information.

 

[1] All rates quoted by Annual Percentage Rate (APR). Rates quoted are lowest preferred rates based on a 740 or greater FICO Credit Score. Other rates available based on credit worthiness. Automatic payments required.. Rates are subject to change at any time.

[2] Sample payment based on stated rate.

[3] AUTO LOANS: requires insurance coverage from a California admitted carrier; Comprehensive and Collision with $1,000 deductible. New autos up to 120% of invoice. The definition of a "New" auto is a current model year or prior model year with less than 10,000 miles. Used autos up to 120% of Retail Blue Book value, maximum age for vehicles 7 years. Used autos 8-10 years old up to 120% of Wholesale Blue Book value. Additional restrictions may apply.

[4] Variable rate based on one-year T-Bill .14% APR.

[5] APR=Annual Percentage Rate. Minimum rate is 3.99%. Variable rate of Prime +.74% , based on the Prime Rate as published in the Money Rates table of the Wall Street Journal. Quoted rate based on 740 or higher FICO Credit Score. Other rates and terms available. Maximum rate is 6% higher than your initial rate. $30,000 minimum draw.

[6] Rate includes automatic payment discount of .50%.

 






RVs: New up to 100% of MSRP. Used up to 5 years old, NEW RVs - 60 Month Term 100% Retail Blue Book value. 6-10 years old, 100% of Wholesale Blue Book value.

MOTORCYCLES: New motorcycles up to 100% of MSRP. Used Motorcycles up to 100% of Retail Blue Book value.

BOATS: New maximum loan = 75% of the purchase price. Used, up to 75% of appraisal. A title to both the boat and trailer are required.

ENERGY LOANS:Must go through LA County Energy Upgrade Program to qualify for loan.

 

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