Loan Rates

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MCCU Loan Rates

Effective as of February 1, 2012

(Rates subject to change at any time without notice)

 

2.49% APR[1]

Up to 48 Months with FICO Credit Score of 740 or greater. To be used for the purchase of a new car. Refinancing of existing MCCU auto loans not eligible for the 2.49% APR. Must meet credit and income criteria.

 

 

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Terms up to:

 FICO Score APR[1]

 Payment per
$1,000[2]

New Auto[3]
48 Months
60 Months
72 Months
84 Months
2.49%
2.49%
3.49%
4.99%
$21.91
$17.75
$15.42
$14.13		 apply
Used Auto[3]
48 Months
60 Months
72 Months
84 Months
2.99%
2.99%
3.99%
5.49%
$22.13
$17.97
$15.64
$13.81		 apply
Motorcycles
60 Month term (New)
48 Month term (Used)		 7.99%
7.99%		 $20.28
$24.41		 apply
RVs
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
60 Month term
 8.75%
$20.64
 apply
Used Boats
up to 5 years old
9.00%
$20.76		 apply
Computer
36 Months		 11.90% $33.17 apply
Vacation
12 Months		 9.90% $87.88 apply
Personal
60 Months (variable rate)		 8.86%[4] - apply
Share Secured
60 Months		 Call -  
Certificate Secured
same as certificate term		 Call -  
Line of Credit
revolving (variable rate)		 8.86%[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
Fixed-Rate Second Mortgage
(Up to 70% of appraised value)
5-Year Term
10-Year Term
15-Year Term		 4.99%[6]
5.99%[6]
6.99%[6]


$18.87

$11.10

$8.99
 


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. Rates are subject to change at any time.

[2] Sample payment based on stated rate.

[3] Auto loans require auto insurance from a California admitted carrier with a $1,000 deductible on comprehensive and collision coverage. New autos up to 100% financing available. Used autos up to 7 years old are financed up to 100% of the Retail Kelley Blue Book Value. Used autos up to 10 years old financed up to 100% of the Wholesale Kelley Blue Book value. $15,000 minimum loan amount required for 72 and 84 month terms. Rates may be as high as 18% depending upon credit worthiness. Additional restrictions may apply.

[4] Variable rate based on one year T-Bill .11% APR.

[5] APR=Annual Percentage Rate. Minimum rate is 3.99%. Variable rate of Prime +.76% , 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. No fees with $30,000 minimum draw.

[6] APR (Annual Percentage Rate) is a fixed rate and is our best rate based on credit worthiness, credit score and dollar amount of loan. Quoted rate based on 740 or higher FICO Credit Score. Rates, terms and conditions are subject to change.



RVs: New up to 100% purchase price. 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 purchase price. Used Motorcycles up to 100% of Wholesale Blue Book value.

BOATS: New maximum loan = 75% of the purchase price. Used, up to 75% of appraisal or 100% of Wholesale Blue Book value. A title to both the boat and trailer are required.

 

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