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Rates effective 11/4/2008.
Rates and term are subject to change
AUTOMOBILE LOANS
| Year |
APR (Annual Percentage Rate) |
Maximum Term |
|
2008 - 2009 |
5.90% |
60 Months |
|
2008 - 2009 |
6.10% |
**72 Months |
|
2007 |
5.90% |
60 Months |
|
2006 |
5.90% |
54 Months |
|
2005 |
6.10% |
48 Months |
|
2004 |
6.25% |
48 Months |
| 2003 |
7.00% |
42 Months |
| 2002 |
7.00% |
36 Months |
| 2001 |
7.00% |
30 Months |
| 2000 |
8.75% |
30 Months |
| 1999 or older |
9.00% |
24 Months |
Mermbers with a credit score under 700, add 1.00% to the above rate.
Members with a credit score under 600, add 2.00% to the above rates.
** For term of 72 months - purchase price must exceed $20,000- minimum down payment of 5%.
Other circumstances such as excellent credit history, down payment or low mileage may warrant extension of terms.
Term based on vehicles with average mileage. Credit Union may reduce term on higher mileage vehicles.
CLASSIC/ANTIQUE AUTO LOANS
| Loan to value |
Interest Rate |
Term |
| < 80% |
7.00% |
84 Months. |
| > 80% |
7.50% |
84 Months |
MOTORCYCLES
| Year |
Interest Rate |
Term |
| New or Used |
6.25% |
Term based on purchase price and loan amount. |
Mermbers with a credit score under 700, add 1.00% to the above rate.
Members with a credit score under 600, add 2.00% to the above rates.
Other circumstances such as excellent credit history, down payment or low mileage may warrant extension of terms.
RECREATIONAL AND OTHER SECURED
| Year |
Interest Rate |
Maximum Term |
| New |
6.10% |
Term based on loan amount. All loans require 5 year balloon |
|
Used |
6.25% |
Term based on loan amount. All loans require 5 year balloon |
Mermbers with a credit score under 700, add 1.00% to the above rate.
Members with a credit score under 600, add 2.00% to the above rates.
Other circumstances such as excellent credit history, down payment or low mileage may warrant extension of terms.
SHARE SAVINGS SECURED LOANS
|
Interest Rate |
APR |
|
4.50% |
4.50% |
-
Maximum term of 36 months
SHARE CERTIFICATE SECURED LOANS
|
Interest Rate |
APR |
|
CD rate + 2% |
CD Rate +2% |
-
Minimum term of Share Certificate pledged is 12 months.
-
Loans secured by savings require a 3 year balloon
-
Loans secured by CDs must not have a contract term that exceeds CD term.
UNSECURED LOANS
|
Type |
Credit Score |
Interest Rate |
|
Unsecured-closed end |
n/a |
9.00% |
|
Revolving-line of credit |
700+ |
8.9% |
|
Revolving -line of credit |
670-699 |
10.9% |
|
Revolving-line of credit |
under 669 |
13.9% |
|
Visa Classic-credit card |
670-699 |
9.9% |
|
Visa Classic-credit card |
Under 669 |
12.9% |
|
Visa Platinum-credit card |
700+ |
7.9% |
Interest Rate based on Credit Score at the time of application
Home Page About Us Services/Products Savings Rates Loan Application Contact Us
Greater Niles Community Federal CU
507 East Main
Niles, Michigan
49120
269.684.6005 / TeleBranch 1.800.945.8892
Fax: 269.684.6173
info@gncfcu.org
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