Loan Rates - Effective as of 02/12/2016
|Name||Term||APR||Payment per Thousand|
|12-36 Month New Auto Loan||36 Months||1.990%||$28.64|
|37-48 Month New Auto Loan||48 Months||2.250%||$21.80|
|49 - 66 Month New Auto Loan||66 Months||2.499%||$16.23|
|67-84 Month New Auto Loan||84 Months||2.990%||$13.21|
|12-36 Month Used Auto Loan||36 Months||2.490%||$28.86|
|37-48 Month Used Auto Loan||48 Months||2.750%||$22.02|
|49-66 Month Used Auto Loan||66 Months||2.990%||$16.45|
|120 Month New RV Loan||120 Months||5.500%||$10.85|
|84 Month Used RV Loan||84 Months||6.250%||$14.72|
Home Equity/Home Improvement
|Name||APR||Minimum Loan Amount||Maximum Loan Amount|
|15-Year HELOC (Interest Only)||3.500% 1||$10,000.00||$500,000.00|
|15-Year HELOC (Principal & Int.)||3.500% 1||$10,000.00||$500,000.00|
|6 to 20-yr Home Equity Loans||5.500%||$10,000.00||$500,000.00|
|Name||APR||Minimum Loan Amount|
|Kwik Kash Line of Credit||8.000% 2||n/a|
|Student Plus First Car Loan||3.990% 3||n/a|
|Student Plus Signature Loan||9.250%||n/a|
1Rates are subject to change at any time and are inclusive of "auto pay". Loans without "auto pay" are higher by .125%. Loan must remain outstanding for at least 36 months or closing cost paid by MAFCU will be added on to the loan. Payment Options: Principal and Interest or Interest Only. Homeowners' Insurance and Flood Insurance, if applicable, is required. Your Annual Percentage Rate may vary with the market based on the Prime Rate, the minimum is Prime +0.0%. The range in margin is 0.00% to 2.00% depending on credit score. Maximum is 18%. The index is the Prime Rate and is published in the Wall Street Journal "money rates" table on the 25th day of each calendar month, or if The Wall Street Journal is not published that day, the highest Prime Rate published in The Wall Street Journal "money rates" table immediately before the 25th day of the calendar month. The Prime Rate is a pricing index and is not the lowest or best interest rate available.
2Annual Percentage Rate. Loan rates shown are the lowest rate for the product advertised.
3Loans to Student Plus members require signature of a parent or legal guardian as co-applicant. Student Plus member must be employed and have at least a 3.0 GPA to qualify for discount. Student Plus member and parent must bring proof of income.