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Current Loan Rates
CHART FOR LOANS EFFECTIVE September 1, 2010
48 HOUR OR LESS LOAN APPROVAL
Maximum unsecured credit limit per member is $15,000.00. Any combination
of signature loan, line of credit loan and/or VISA limit shall not
exceed the $15,000.00 maximum unsecured limit; maximum secured loan
is $80,000.00; total for loans and VISA is . All loans
are Simple Interest Fixed Rate. All rates are subject to change
without notice. All loans are subject to Credit Policy Guidelines.
| |
|
|
| Collateral |
Terms |
APR* |
| Share Secured |
24 Months
|
5.00%
|
|
|
| Repayment
example: A two year, $5,000.00 loan with an APR of
5.00% would require 24 monthly payments of $219.34. |
|
| |
|
|
| Credit Card |
Terms |
APR* |
| VISA Credit Card |
Limit $10,000.00 |
9.90% |
|
| Unsecured
Signature Loans - Maximum Terms on Amounts Borrowed |
| Continuous
Employment |
Max. Loan Amt. |
APR*
|
Amount
|
Terms |
| 1 Year |
$1,500.00
|
14.00%
|
$100.00 - $500.00
|
6 Months
|
| 2 Years |
$2,500.00
|
14.00%
|
$501.00 - $1,000.00
|
12 Months
|
| 3 Years |
$3,500.00
|
14.00%
|
$1,001.00 - $1,200.00
|
18 Months
|
| 4 Years |
$5,000.00
|
14.00%
|
$1,201.00 - $2,000.00
|
24 Months
|
| 5 Years |
$7,500.00
|
14.00%
|
$2,000.00 - $3,500.00
|
36 Months
|
Signature Loans
of
$500.00 or Less
Minimum Loan
$100.00
|
16.00%
|
$3,501.00 - $4,000.00
|
42 Months
|
|
-
|
$4,001.00 - $5,000.00
|
48 Months
|
-
|
$5,001.00 - $7,500.00
|
54 Months
|
| Repayment
example: A four year, $4,500.00 loan with an APR of
14% would require 48 monthly payments of $123.00. |
|
| Additional
Loans : Christmas
Loans available
10/1 thru 1/15
; Vacation Loans available
4/1 thru 9/15
|
| Terms
|
Amount
|
APR
* |
| 6 Months |
$100.00 - $500.00
|
16.00%
|
| 9 Months |
$501.00 - $800.00
|
16.00%
|
| 12 Months |
$801.00 - $1,000.00
|
16.00%
|
| Repayment
example: A one year, $1,000.00 loan with an APR of 16%
would require 12 monthly payments of $90.75. |
|
| Cars,
Trucks, RV’s, Campers, Boats, Motorcycles |
| New &
Used Collateral |
Terms |
NADA
Trade
Financing |
NADA
Retail Financing** |
| 2011 - 2010 |
36 Months
|
7.00%
APR* |
6.50%
APR* |
48 Months |
7.25% APR* |
6.75% APR* |
60 Months |
7.50% APR* |
7.00% APR* |
72 Months*
|
7.75%
APR* |
7.25%
APR* |
|
*72 Months
available on NEW Collateral ONLY |
| Used |
Terms |
NADA Trade
Financing |
NADA Retail
Financing** |
| 2010 - 2009 |
36 Months
|
6.50%
APR* |
7.00%
APR* |
48 Months |
6.75% APR* |
7.25% APR* |
60 Months |
7.00% APR* |
7.50% APR* |
| 2008 - 2007 |
36 Months |
7.00% APR* |
7.50% APR* |
48 Months |
7.25% APR* |
7.75% APR* |
| 2006 - 2005 |
36 Months |
7.75% APR* |
8.25% APR* |
48 Months |
8.00% APR* |
8.50% APR* |
| 2004 - 2003*** |
36 Months
|
8.25%
APR* |
8.75%
APR* |
|
** Tax and title costs
may be included when financing NADA Retail or
Sticker Price.
*** Must
be appraised by the Credit Union
Repayment example: A five
year, $20,000.00 loan with an APR of 7.50% would
require 60 monthly payments of $400.73. |
|
| Jet
Skis, ATV’s & Off Road Motorcycles |
|
|
Terms |
NADA Trade
Financing |
NADA Retail
Financing |
| New 2011 - 2010 |
30 Months
|
9.75%
APR* |
10.50%
APR* |
| Used 2010 - 2009 |
30 Months
|
10.75%
APR* |
11.00%
APR* |
Repayment
example: A two and half year, $2,500.00 loan with
an APR of 9.75% would require 30 monthly payments
of $94.23.
Great River Community Credit Union reserves the
right to require additional down payment on any collateralized
loan. All rates and terms are based on credit union
lending policies. |
|
*APR is the Annual Percentage Rate.
All rates subject to change without notice.
Contact the Credit Union for current
rates and complete details.
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