Loan Rates

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MCCU Loan Rates

Effective as of May 1, 2013

(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. Automatic payments required.

 

 

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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
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
Energy Loans
60 Month term (borrow up to $50,000)
4.99%
$18.87		 apply
Energy Loans
120 Month term (borrow up to $50,000)
 5.99%
$11.10
 apply
Energy Loans
180 Month term (borrow up to $50,000)
6.99%
$8.99		 apply
Computer
36 Months		 11.90% $33.17 apply
Personal
12 Months (fixed rate)		 9.90% $87.88 apply
Personal
60 Months (variable rate)		 8.87%[4] - apply
Share Secured
60 Months		 Call -  
Certificate Secured
same as certificate term		 Call -  
Line of Credit
revolving (variable rate)		 8.87%[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)

Up to 15 Years		 6.99%[6]


$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. 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 .12% 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. 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% 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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