Loan Rates
| 2014-2016 Auto Loans (Cars, Trucks, SUV's, Van's) | ||
|---|---|---|
| Term** | APR* | Calculate Payment ** |
| 36 Months | As low as 1.50%* | Loan Calculator |
| 60 Months | As low as 2.25%* | Loan Calculator |
| 72 Months | As low as 3.89%* | Loan Calculator |
| 2011-2013 Auto Loans (Cars, Trucks, SUV's, Van's) | ||
|---|---|---|
| Term** | APR* | Calculate Payment ** |
| 36 Months | As low as 1.60%* | Loan Calculator |
| 60 Months | As low as 2.75%* | Loan Calculator |
| 72 Months | As low as 4.50%* | Loan Calculator |
| 2010 & Older Auto Loans (Cars, Trucks, SUV's, Van's) | ||
|---|---|---|
| Term** | APR* | Calculate Payment ** |
| 36 Months | As low as 1.70%* | Loan Calculator |
| 60 Months | As low as 3.40%* | Loan Calculator |
| 72 Months | As low as 5.25%* | Loan Calculator |
| New & Used RV, Motorcycles and Boats | ||
|---|---|---|
| Term** | APR* | |
| Up to 60 Months | As low as 3.50%* | Loan Calculator |
| 72 Months | As low as 5.75%* | Loan Calculator |
| *APR = Annual Percentage Rate. All Loan Rates are subject to change weekly. The rate you receive will be based on your credit profile, term of the loan, and amount financed. ** Term used to calculate payment Risk Based Lending used to determine specific rate |
| 5 year loan rates | |
|---|---|
| Financing up to 75% of the Home Value | 60 months Prime Rate** less 0.50% (or floor min of 3.75% APR) |
| Financing 76% - 85% of the Home Value | Prime Rate** (or floor min of 3.75% APR) |
| 10 year loan rates | |
| Financing up to 75% of the Home Value | 120 months Prime Rate** (or floor min of 3.75% APR) |
| Financing 76% - 85% of the Home Value | 120 months Prime Rate** plus 0.50% (or floor min of 3.75% APR) |
| 15 year loan rates | |
| Financing up to 75% of the Home Value | 180 months Prime Rate** plus 1% |
| Financing 76% - 85% of the Home Value | 180 months Prime Rate** plus 2% |
| Home Equity Line of Credit (HELOC) - Variable Rate | |
|---|---|
| Max length of repayment: 10 year repayment period after the draw period ends | |
| Minimum Draw: $500 | |
| Variable Rate: the annual percentage rate is adjusted monthly | |
| Financing up to 75% of the Home Value | Prime Rate** less 1%, (or floor min of 3.75% APR) |
| Financing 76% - 85% of the Home Value | Prime Rate** (or floor rate of 3.75% APR) |
| Costs/Fees: | |
| Home Equity - At Closing, the member shall pay the cost of the appraisal and any associated closing costs (can be included as part of the loan). | |
| HELOC - No Closing costs. An early termination fee of $350 or 2% of the outstanding principal balance, whichever is less, will be charged if the account is paid in full and closed within the first 36 months after the contract date. | |
| Disclosures: | |
| * APR = Annual Percentage Rate - All Loan Rates may change weekly. ** The Prime Rate is listed in the Wall Street Journal. ** Rate floor (minimum rate) is 3.75%, EXCEPT during January 2-31, 2013 when the floor is 2.25%. | |
| There is no limit by which the rate can change in any one year period. The maximum annual percentage rate at any time is 15%. |
| Other Loan Types / Term** | APR* | Payment Example |
|---|---|---|
| Share Pledge - up to 60 months | 3.50% - over current variable regular share rate. | Loan Calculator |
| Share Certificate - remaining term | 3.50% - over maturity current rate. Maturity - remaining term of certificate | Loan Calculator |
| Personal (open end) | 9%, 11.5% or 14 - Up to $20,000 total unsecured per member Minimum monthly payment is 3.0% of the outstanding balance. | |
| Visa Credit Card | as low as 9.0% APR* - Up to $20,000 total unsecured per member | |
| TO APPLY FOR A VISA CARD: Print the VISA Application, complete it and return it to: Midwest Family FCU, PO Box 48, Portage, IN 46368 | ||
| APR = Annual Percentage Rate - All Loan Rates may change weekly. *Risk based lending is used to determine specific rate. ** Term used to calculate a payment . **Balance used to calculate payment on personal loans and VISA |
| VISA Annual Percentage Rates and Fees | |
|---|---|
| Annual Percentage Rate (APR) for purchases | 9.0% A 11.5% B 14.0% C |
| Cash Advance APR | 9.0% A 11.5% B 14.0% C |
| Penalty APR | N/A |
| Annual Fee | N/A |
| Grace Period for Repayment for the Balance of Purchases | 25 days |
| Method of Computing the Balance of Purchases | Average Daily Balance (including new transactions) |
| Minimum Finance Charge | N/A |
| Periodic Rate | 0.75% A 0.958% B 1.166% C |
| The Minimum Monthly Payment is 2.4% of your total new balance but not less than $30.00 plus the amount of any unpaid prior payment due. | |
| Other Fees are: | |
| Over Limit Fee | $15.00 if over credit limit on cycle date by $1.00 |
| Late Fee | $10.00 if payment not received 10 days after due date |
| Draft Copy Fee | $ 2.00 |
| Draft/ACH Return | $20.00 |
| Replacement Card Fee | $ 5.00 |
| Card Center Phone Payment | $ 3.00 |