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Loan Rates

Merced School Employees Federal Credit Union
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Effective as of: September 1, 2018
APR = Annual Percentage Rate
New and Used Vehicle Loans (2012 and Newer)
 
Cars and trucks, 2012 and newer, registered in California. Up to 125% of MSRP plus warranty and GAP (new). Up to 125% of retail Kelley Blue Book plus warranty and GAP (used). Member's credit history determines loan to value ratio (LTV). Your rate is determined by your credit history and how long you finance your loan. *Example payment : 60 month loan at 2.89% APR is $17.92 per $1000 borrowed. Amount of warranty financing is determined by vehicle type. No MSEFCU refinance.
 
Term Best Annual Percentage Rate*
Up to 60 Months as low as 2.89%
61 - 84 Months as low as 3.39%

Used Vehicle Loans (2007 - 2011)
 
Cars and trucks, 2007-2011, registered and titled in California. Based on credit history. Up to 125% of retail Kelley Blue Book, plus warranty and GAP. Amount of warranty financing is determined by vehicle type.

Term Best Annual Percentage Rate*
Up to 60 Months
as low as 5.49%
61 - 84 Months
 as low as 5.99%

Boats, RVs, Travel Trailers Loans (2012 and Newer)
 
Boats, RVs, Travel Trailers, etc. registered and titled in California. For RVs, beyond 84 months, add .25% for each additional year, not to exceed 120 months. Rate reducing options do not apply to terms exceeding 84 months.
 
Term Best Annual Percentage Rate*
Up to 60 Months
as low as 2.89%
61 - 84 Months
as low as 3.39%

Boats, RVs, Travel Trailers, etc. (2007 - 2011) 
 
Boats, RVs, Travel Trailers, etc. registered and titled in California. For RVs, beyond 84 months, add .25% for each additional year, not to exceed 120 months. Rate reducing options do not apply to terms exceeding 84 months.
 
Term Best Annual Percentage Rate*
Up to 60 Months
as low as 5.49%
61 - 84 Months
as low as 5.99%

Motorcycle Purchase
 
New up to 100% of purchase price. Used up to 100% of retail KBB 2012 and newer.
 
Term Best Annual Percentage Rate*
Up to 60 Months as low as 5.49%

Houseboats/Yachts (2012 and Newer)
 
Up to 80% of purchase price for new. Up to 80% of appraisal/evaluation value for used. Follow all other conditions as defined under New and Used Vehicles Loans. Rate reducing options do not apply to terms exceeding 84 months. Ask for details on rates and terms for houseboats/yachts 2008-2012.
 
Term Best Annual Percentage Rate*
Up to 60 Months
as low as 2.89%
61 - 84 Months
as low as 3.39%

Personal Loans
 
Your rate is determined by your credit history. Minimum payment $35 per month.
 
Amount Term Annual Percentage Rate
Up to $25,000 up to 60 Months as low as 11.75%

Energy Efficient Loan - Drought Resistant Loan
 
*APR=annual percentage rate based on credit history and includes rate reducing option of .50% for automatic transfer or payroll deduction. Example payment: 84 month loan at 5.99% APR is $14.61 per $1000 borrowed. The Amount to be borrowed is determined by your credit history. Must own the home and be your primary residence. Purchases must be energy efficient. Equal Housing Lender. Rates, terms and conditions subject to change.
 
Amount Term Best Annual Percentage Rate*
up to $40,000 up to 84 Months as low as 5.99%
Up to $40,000 85 - 180 Months as low as 6.50%

VISA

No Annual Fee, 25-Day Grace Period on Purchases, 2% of the balance due, or minimum payment of $25 per month.
 
Type Visa Credit Card Agreement Annual Percentage
Shared Secured Visa Share Secured Credit Card Disclosure 8.25%
Classic Visa Classic Credit Card Disclosure 10.75%
Student VISA (Limit $300 to $500) Visa Student Credit Card Disclosure 14.50%

Shared Secured Loans

Minimum rate on loan secured by Term Savings, will not go lower than share secured rate.
 
Type Term Annual Percentage Rate
Regular Savings (minimum of $1000) Up to 60 Months 3.75%
Term Savings
3.00% above term rate

Best Rate*
To get the "Best" interest rate you must set up your loan on automatic payment or payroll deduction to reduce your rate by .50%. The "Best" interest rate is based on your credit history when applying for a new or used vehicle, boat, RV or travel trailers.
(Rates and options subject to change by Board Action. In no instance will your rate be higher than 18%. All rates are subject to approved credit.)

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