Loan Rates
Effective as of January 18, 2012
New | Used | RVs, Boats and Motorcycles | Other Consumer Loans
Loan rates with IC Federal Credit Union cover new and used cars, trucks, recreational vehicles, motorcycles, boats and many other consumer loans. Whether you are seeking a loan for home improvement or looking to add new tires to the reliable family car, loan rates offered by non-profit credit unions have a competitive advantage over most traditional banking institutions.
(Note: Rates subject to change without notice)
New Vehicle Auto Loan Rates*
MODEL YEARS |
TERM |
APR |
WITH AUTO PAY |
PAYMENT PER $1,000** |
|
2012 |
24 Months |
2.49% |
2.49% |
$42.76 |
|
2012 |
36 Months |
2.49% |
2.49% |
$28.86 |
|
2012 |
48 Months |
2.49% |
2.49% |
$21.91 |
|
2012 |
60 Months |
2.49% |
2.49% |
$17.75 |
|
2012 |
66 Months |
2.99% |
2.99% |
$16.45 |
|
$15K min |
72 Months |
3.49% |
3.49% |
$15.42 |
|
$30K min |
84 Months |
5.99% |
5.99% |
$14.61 |
Used Vehicle Auto Loan Rates*
MODEL YEARS |
TERM |
APR |
WITH AUTO PAY |
PAYMENT PER $1,000** |
|
2011 & 2010 |
60 Months |
2.49% |
2.49% |
$17.75 |
|
2009 |
60 Months |
2.69% |
2.69% |
$17.84 |
|
2008 |
60 Months |
2.75% |
2.75% |
$17.86 |
|
2007 |
60 Months |
3.49% |
3.49% |
$18.19 |
|
2006 |
60 Months |
4.49% |
4.49% |
$18.64 |
|
2005 |
60 Months |
5.50% |
5.50% |
$19.11 |
|
2004 |
60 Months |
5.99% |
5.99% |
$19.33 |
|
2003 |
60 Months |
5.99% |
5.99% |
$19.33 |
|
2002 and under |
60 Months |
5.99% |
5.99% |
$19.33 |
RVs, Boats and Motorcycle Loan Rates*
LOAN TYPE |
TERM |
APR |
WITH AUTO PAY |
PAYMENT PER $1,000** |
|
RVs - New***** |
144 months
(contact us for other terms) |
9.24% |
8.99% |
$11.37 |
|
RVs - Used***** |
144 months
(contact us for
other terms) |
9.24% |
8.99% |
$11.37 |
|
Boats - New***** |
144 Months |
10.24% |
9.99% |
$11.95 |
|
Boats - Used***** |
120 Months |
11.24% |
10.99% |
$13.77 |
|
Motorcycles - New***** |
60 Months |
9.24% |
8.99% |
$20.75 |
|
Motorcycles - Used***** |
48 Months |
9.99% |
9.74% |
$25.24 |
Other Consumer Loan Rates*
LOAN TYPE |
TERM |
APR |
WITH AUTO PAY |
PAYMENT PER $1,000** |
|
Single Pay |
90 Days |
14.50% |
N/A |
N/A |
|
Home Improvement
$500 - $10,000 |
up to 144 Months |
13.25% |
13.00% |
$13.75 |
|
Personal Loans |
up to 48 Months |
14.50% |
as low as 14.25% |
$27.46 |
|
Smart Choice Loan*** |
90 Days |
14.50% |
N/A |
N/A |
|
Smart Choice****
Line of Credit
(Overdraft) |
N/A |
14.50% |
N/A |
N/A |
|
Collateral Loan
3% above
Savings Rate |
N/A |
N/A |
N/A |
N/A |
APR = Annual Percentage Rate
* Rates shown are lowest possible and are subject to credit and income verification. Rates subject to change without notice.
** Payment per thousand is based on auto-pay rate.
*** A $25.00 application fee will be applicable - Minimum Loan $100, Maximum Loan $1000
**** A $25.00 annual fee will be applicable - Minimum Line $100, Maximum Line $5000. Attaches to a fee Free Checking.
***** 20% downpayment required on all new or used RVs, Boats, and Motorcycles.