Loan Rates
Effective
All Rates Are Subject To Change
|
APR = Annual Percentage Rate |
|
| Loan
Type: |
Approximate
Term: |
APR: |
|
|
New & Used
Autos, Trucks |
Up to 48 Months |
5.75% - 18.00% |
|
|
and Vans |
Up to 60
Months |
6.25% -
18.00%
|
(Auto Loan Calculators)
|
|
Up to 72
Months |
6.99%
- 18.00% |
|
Up to 84
Months |
8.00%
- 18.00% |
|
|
|
| New & Used
Boats, |
Up to 84
Months |
8.00%
- 18.00% |
| Motorcycles,
Jet Skis and |
Up to 120
Months |
8.50% -
18.00% |
|
| Recreational
Vehicles |
Up to 144
Months |
9.00%
- 18.00% |
|
|
|
|
|
|
Computer Loans |
Up to 36
Months |
8.99% |
|
|
|
|
|
|
Signature Loans |
12 to 48
Months |
11.90% -
18.00% |
(Loan/Credit Card Payoff Calculators)
|
|
|
|
|
Visa Credit Cards |
Min. Payment is 3% of the
balance due or $20, whichever is greater. |
12.90% |
|
|
|
|
Share or Certificate Secured |
Up to 120
Months |
3.50% -
7.50%* |
|
|
|
|
| Home Equity
Loans |
Home Equity Rates Page |
|
|
All loan rates with the exception of Visa, Share/Certificate Secured and Real
Estate loans are approved based on individual credit worthiness. We
use a combination of the individual’s FICO score as well as other
factors to determine the rate that will be offered. |
|
Monterey County Employees Credit Union
will beat the rate that a member has been offered by another Lender,
or is currently paying another financial institution, by at least
0.500 %APR (not to go below 4.85% APR), provided that the rate can be
documented as an offer to that individual. Terms to match.Preferred
Rates: Rate reductions are available based on individual
qualifying product relationships. A rate reduction of 0.25% is offered
to those members who have an active checking account with direct
deposit, automatic loan payment or automatic transfer. Discontinuance of the qualifying relationship will cause the
APR to increase by the applicable rate reduction. Any increase in the
APR will result in more payments of the same amount until what you owe
has been repaid in full.
*The maturity date for loans secured by share certificates will be no
later than the maturity date of the share certificate used to secure
the loan.
This Preferred Rate discount is not available with other discounts
or promotions, or with Visa, Share or Certificate Secured loans or
Real Estate loans.
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