@Copyright Electric Machinery Employees credit Union. All Rights Reserved.
Loan Rates Savings Rates EMCU Fees
| Maximum Loan Amounts | |||||
| Loan Type | Loan Maximum | ||||
| Auto, Truck, Boats and Motorcycles | $100,000.00 | ||||
| Recreational Vehicles and Large Boats | $100,000.00 | ||||
| Home Equity | $100,000.00 | ||||
| Unsecured (Signature Loan) | $6,000.00 | ||||
| Visa Credit Card | $5,000.00 | ||||
| Loan Rates | |||||
| Effective Date: 5/22/2023 | |||||
| Loan Types | APR* | Down Required | Terms: | ||
| New auto, truck, and motorcycle, as low as | 5.99%* | ZERO DOWN* | up to 48 months | ||
| New auto, truck, and motorcycle, as low as | 6.49%* | ZERO DOWN* | up to 60 months | ||
| New auto, truck, and motorcycle, as low as | 6.99%* | ZERO DOWN* | up to 72 months | ||
| New auto, truck, and motorcycle, as low as | 6.99%* | ZERO DOWN* | up to 84 months | ||
| Used auto, truck, and motorcycle, as low as | 5.99%* | ZERO DOWN* | up to 48 months | ||
| Used auto, truck, and motorcycle, as low as | 6.99%* | ZERO DOWN* | up to 60 months | ||
| Used auto, truck, and motorcycle, as low as | 7.99%* | ZERO DOWN* | up to 72 months | ||
| Used auto, truck, and motorcycle, as low as | 7.99%* | ZERO DOWN* | up to 84 months | ||
| New snowmobile, ATVs, as low as | 7.49%* | 10% DOWN* | up to 84 months | ||
| Used snowmobile, ATVs, as low as | 8.9%* | 10% DOWN* | up to 60 months | ||
| New boats, as low as | 6.99%* | ZERO DOWN* | up to 84 months | ||
| Used boats, as low as | 7.49%* | ZERO DOWN* | up to 84 months | ||
| New Recreational Vehicles, as low as | 6.99%* | 5% DOWN* | up to 14 years | ||
| Used Recreational Vehicles, as low as | 7.99%* | 5% DOWN* | up to 14 years | ||
| Unsecured (signature),as low as | 10.99%* | N/A | up to 36 months | ||
| VISA Credit Card | 12.75% | N/A | N/A | ||
| * Interest rates and down payment are subject to borrower's credit history. | |||||
| Home Equity Loans | |||||
| MAXIMUM AMOUNT: $100,000.00 | |||||
| Loan To Value | Up to 5 Years | Up to 10 Years** | Up to 15 Years** | ||
| UP to 80% | 6.24% | 6.74% | 7.24% | ||
| Up to 85% | 6.74% | 7.74% | 8..24% | ||
| ** Balloon payment due at the middle of the term for loans longer than 7 years. Balloon payments are typically refinanced at our current rate. | |||||
| Borrower pays the cost of the appraisal if required. | |||||
| NO CLOSING COSTS OR POINTS | |||||
| Payment Example of $10,000.00 borrowed at 80% LTV | |||||
| LOAN TERM | APR | PAYMENT | BALLOON** | ||
| 5 YEARS | 6.24% | $194.49 | N/A | ||
| 10 YEARS | 6.74% | $114.81 | $5,948.26 DUE AFTER 5 YEARS | ||
| NMLS EMCU 806317 | EMCU Staff 806820 | EMCU Staff 2377063 | |||
@Copyright Electric Machinery Employees credit Union. All Rights Reserved.