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Consumer Loans | Payment Examples | VISA® Rates | Mortgage Loans | Loan Calculator | Loan Application
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Consumer Loans* (Current as of July 1, 2008)
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Type
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Term (Months)
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Fixed Rate (APR)
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Variable Rate/Margin
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Index Code**
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20% Down
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10% Down
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0% Down
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New/Used Car
(2000-2008)º
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Up to 48
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4.50%
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4.50%
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4.50%
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Suspended
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9
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Up to 60
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5.70%
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5.70%
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5.70%
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Suspended
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9
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Up to 72
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6.20%
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6.20%
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6.20%
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Suspended
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9
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Up to 84
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6.70%
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6.70%
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6.70%
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Older Used Cars²
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Up to 60
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7.75%
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7.75%
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—
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Suspended
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9
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Type
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Term (Months)
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Minimum Down
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Fixed Rate
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Variable Rate
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Index Code
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Variable Margin
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New Recreational Vehicle
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240
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10%
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6.00%
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Suspended
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9
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Suspended
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Used Recreational Vehicle
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144
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15%
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6.00%
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Suspended
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9
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Suspended
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Share Secured
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120
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—
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N/A
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3.50%
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9
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0.00%
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Miscellaneous Collateral
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Up to 60
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10%
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6.00%
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Suspended
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9
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Suspended
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Mixed Collateral/Signature³
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72
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—
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11.50%
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9.00%
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9
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5.50%
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Youth Loan
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12
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—
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8.75%
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6.50%
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9
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3.00%
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Certificate Secured
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Maturity
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—
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CD + 3%
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N/A
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N/A
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N/A
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Type
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Term (Months)
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Minimum Monthly Payment
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Fixed Rate
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Variable Rate
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Index Code
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Variable Margin
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Visa®
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Revolving
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$15
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14.95%
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N/A
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N/A
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N/A
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Platinum Visa®
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Revolving
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$15
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8.95%
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N/A
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N/A
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N/A
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Signature
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Up to 72
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—
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14.00%
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10.00%
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9
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6.25%
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*All loans are subject to Metro 1 Credit Union's Custom Loan Rate Policy. The custom rate for each individual loan will be assigned at the time the loan is underwritten based on the member's credit-worthiness. Loan rates, terms and policies are subject to change and all loan requests are subject to credit approval.
**The variable rate index currently used (9) is based on the 5-Year Treasury Note, rounded up to the nearest 0.250%. The current rate is: 3.50%
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Representative Examples
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º Pay $19 per month per $1000 borrowed for 60 months at 5.20% fixed APR with a down-payment of 0% of the amount borrowed. If your loan has a variable rate, the rate may increase after consummation.
¹ Pay $15 per month per $1000 borrowed for 84 months at 6.40% fixed APR with a down-payment of 0% of the amount borrowed. If your loan has a variable rate, the rate may increase after consummation.
² Pay $21 per month per $1000 borrowed for 60 months at 7.75% fixed APR with a down-payment of 0% of the amount borrowed. If your loan has a variable rate, the rate may increase after consummation.
³ Pay $23 per month per $1000 borrowed for 60 months at 13.75% fixed APR with a down-payment of 0% of the amount borrowed. If your loan has a variable rate, the rate may increase after consummation.
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Classic Visa® Credit Card Rates and Disclosure
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Rates
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Annual Percentage Rate
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11.95% — 19.95%
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Disclosure
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Grace period for repayment of the balance for purchases
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25 days to repay the balance before a finance charge on purchases will be imposed
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Grace period for repayment of the balance for cash advances
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None
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Method of computing balance for purchases and cash advances
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Average Daily Balance (including new purchases)
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Annual fees
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None
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Minimum finance charge
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None
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Transaction fee for cash advances
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2% of the cash advance amount
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Late-payment fee
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$10.00 when your Minimum Monthly Payment is ten (10) days late after the Payment Due Date
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Over-the-credit-limit fee
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$10.00
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Platinum Visa® Credit Card Rates and Disclosure
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Rates
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