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Loan Rates
All rates are effective November 1, 2008 and are subject to change without notice.
Secured Loans
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| #NOTES |
Auto’s Trucks, Motorcycles, Boats, RV’s, ATV’s Snowmobiles, Personal Water Craft, Travel Trailers and Campers. New or Used* |
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| TERM |
Annual Percentage Rate |
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| 0-35 Months |
As low as 4.75% APR |
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| 36-47 Months |
As low as 5.00% APR |
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| 48-59 Months |
As low as 5.25% APR |
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| 60-71 Months |
As low as 5.50% APR |
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| 72-83 Months |
As low as 5.75% APR |
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| 84-120 months |
As low as 6.75% APR |
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Personal Signature Loan (Unsecured)
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| TERM |
Annual Percentage Rate1 |
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| 0-36 Months |
As low as 11.25% APR |
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Master Card
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| Annual Percentage Rate (APR) for Purchases |
Penalty APR – If you are 30 days past the due date |
Grace Period for Purchases |
Platinum MasterCard
7.90% |
12.90% |
25 days |
Classic MasterCard
9.90% |
14.90% |
25 days |
Home Equity Line of Credit
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| Loan to Value3 |
Annual Percentage Rate4 |
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| To 80% Loan to Value (LTV) |
As low as 3.25% APR |
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| To 90% Loan to Value (LTV) |
As low as 4.75% APR |
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Home Improvement Loans
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| #NOTES |
Up to 1/3 of the proceeds may be used for non-home-improvement purposes. |
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| TERM |
Annual Percentage Rate5 |
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| 0-60 Months |
6.90% APR |
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| 61-120 Months |
7.40% APR |
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Home Mortgages
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| #NOTES |
Metro Credit Union offers a variety of fixed and variable rate conventional, WHEDA, VA loans. |
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| #NOTES |
Rates are subject to change daily. Contact a Loan Officer for details. |
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| 1 |
APR = Annual Percentage Rate. Posted rate reflects ½% rate reduction for auto transfer from Metro Credit Union checking or payroll deduction. Actual rate is based on applicant's payment and credit history. Some restrictions may apply. Metro Credit Union membership is required. |
| 2 |
Maximum term for Motorcycles (excl. Harley Davidson/Honda Goldwing), ATV's snowmobiles and personal watercraft is 60 months new, 48 months used. |
| 2 |
Maximum term for 1996 and older autos and trucks is 42 months. |
| 2 |
Motor Homes, Travel Trailers and Power Boats:
Over $50,000 - 20 year term, 5 year balloon at 60 month rate
Under $50,000 - 10 year term, 5 year balloon at 60 month rate
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| 3 |
Real Estate Tax statement value can be used in lieu of appraisal to meet LTV requirement. Closing costs (excluding appraisal, if necessary) are approx. $85-$120). Closing Costs waived for initial draw of $10,000 or greater. |
| 4 |
APR = Annual Percentage Rate. Variable Rate Loan. Index rate is Wall Street Journal Prime rate at date of closing plus or minus a differential based on applicant's payment and credit history. Index rate adjusts annually on July 1st, 2% annual cap/ 6% lifetime cap. Some restrictions may apply. Metro Credit Union membership is required. |
| 5 |
APR = Annual Percentage Rate. Some restrictions apply. Metro Credit Union membership is required. |
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