Loan Rates

Rates are effective January 10, 2017, and are subject to change.

Standard Vehicle Rates

Automatic Deduction  
Model Year
LTV* < = 100%
Standard Term (Months)
Monthly payment per $1,000
2017 & Newer 2.34% 66 $16.16
2016 2.39% 66 $16.18
2013–2015 2.49% 60 $17.74
2012 2.59% 60 $17.79
2011 2.79% 60 $17.88
2010 3.89% 48 $22.53
2009 & Older 6.39% 36 $30.60
Add .50% for Cash Pay Loans.
*LTV = Loan-to-Value
The rates, terms, and up to 100% financing on vehicle loans are available to well-qualified borrowers. Terms are also subject to limitation based on vehicle model year.

Recreational Vehicle & Boat

2014 & Newer

  Automatic Deduction Cash Pay
Dollar Amount
Maximum Term
APR*
Monthly Payment Per $1,000
APR*
Monthly Payment Per $1,000
$2,500–$10,000 6 Year 5.25% $16.22 5.75% $16.46
$10,001–$25,000 10 Year 5.25% $10.73 5.75% $10.98
$25,001–$50,000 15 Year 5.25% $8.04 5.75% $8.30
$50,001–$1,000,000 15 Year 4.99% $7.90 5.49% $8.17

2013 & Older

  Automatic Deduction Cash Pay
Dollar Amount
Maximum Term
APR*
Monthly Payment Per $1,000
APR*
Monthly Payment Per $1,000
$2,500–$10,000 6 Year 5.75% $16.46 6.25% $16.69
$10,001–$25,000 10 Year 5.75% $10.98 6.25% $11.23
$25,001–$50,000 15 Year 5.75% $8.30 6.25% $8.57
$50,001–$1,000,000 15 Year 5.75% $8.30 6.25% $8.57
*90% loan-to-value required for best rate. 100% loan-to-value rates available. Contact CEFCU for details. Rate, term, and amount financed subject to credit approval.

Motorcycles

2014 & Newer

  Automatic Deduction Cash Pay
Dollar Amount
Maximum Term
APR*
Monthly Payment Per $1,000
APR*
Monthly Payment Per $1,000
$2,500–$15,000 4 Year 7.99% $24.41 8.49% $24.64
$15,001–$1,000,000 5 Year 6.99% $19.80 7.49% $20.03

2013 & Older

  Automatic Deduction Cash Pay
Dollar Amount
Maximum Term
APR*
Monthly Payment Per $1,000
APR*
Monthly Payment Per $1,000
$2,500–$15,000 4 Year 8.99% $24.88 9.49% $25.12
$15,001–$1,000,000 5 Year 9.99% $21.24 10.49% $21.49
*90% loan-to-value required for best rate. 100% loan-to-value rates available. Contact CEFCU for details. Rate, term, and amount financed subject to credit approval.

Private Student Loan

Type
APR*
Private Student Loan (Variable Rate) 4.25%
*This is a variable rate available to qualified borrowers. The annual percentage rate may vary quarterly based on the Prime Rate, published in the Wall Street Journal.

Consolidation Student Loan

Type
APR*
Private Student Loan (Variable Rate) 4.25%
*This is a variable rate available to qualified borrowers. The annual percentage rate may vary quarterly based on the Prime Rate, published in the Wall Street Journal.

Other Consumer

  APR
Loan Type
Automatic Deduction
Cash Pay
Personal (Secured) 14.15% 14.65%
Personal (Unsecured)* 7.99% 8.49%
Personal (Secured with Savings 01–36 month term) 2.75% 3.25%
Personal (Secured with Savings 37–60 month term) 3.00% 3.50%
Single Payment Note (Secured with Savings) N/A 2.75%
Single Payment Note (Secured) N/A 10.25%
Single Payment Note (Unsecured) N/A 12.75%
*Rate available to well-qualified borrowers. Term varies based on principal amount borrowed. Minimum loan amount $1,000.

Home Equity — Credit Line

APR
4.50%* 4.85%**
Fully Indexed Rate
  • To qualify, your potential line of credit must be a minimum of $5,000, and it can be as high as 90% of the appraised value of your home (minus your first mortgage balance).
  • The annual percentage rate will not go above 18% APR.
  • You must carry insurance on the property that secures this plan.
  • CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Home Equity Credit Line or Fixed-Rate Home Equity Loan using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes Transfer Taxes or Mortgage/Intangible Taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees.
  • Home Equity Credit Lines are available in certain geographic locations.
  • Consult a tax advisor regarding the deductibility of interest.
  • Amortization on the following amounts is as follows: $1,000 to $10,000 — five years; $10,001 to $25,000 — 10 years; $25,001 and more — 15 years. Minimum monthly payment amount for credit line balance is $100.

*This initial rate will be in effect until 3/31/2017, and at the credit union's option, for a longer period of time.

**The annual percentage rate may vary quarterly. The fully indexed rate is based on the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 year available to us as of 12/12/2016.

Home Equity — Fixed-Rates

Chart 1—Based on 80 percent Appraised Value

  Automatic Deduction Cash Pay
Term
APR
Monthly Payment Per $1,000
APR
Monthly Payment Per $1,000
5 Year 4.49% $18.64 4.99% $18.87
7 Year 5.49% $14.37 5.99% $14.60
10 Year 6.24% $11.22 6.74% $11.48
15 Year 6.74% $8.84 7.24% $9.12
 
  • Rates available for a limited time. Minimum loan amount is $5,000.
  • CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Home Equity Credit Line or Fixed-Rate Home Equity Loan using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes Transfer Taxes or Mortgage/Intangible Taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees.
  • Consult a tax advisor regarding the deductibility of interest.

Chart 2—Based on 81 to 90 percent Appraised Value

  Automatic Deduction Cash Pay
Term
APR
Monthly Payment Per $1,000
APR
Monthly Payment Per $1,000
5 Year 5.49% $19.10 5.99% $19.33
7 Year 6.49% $14.84 6.99% $15.09
10 Year 7.24% $11.73 7.74% $12.00
15 Year 7.74% $9.41 8.24% $9.70
 
  • Rates available for a limited time. Minimum loan amount is $5,000.
  • CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Home Equity Credit Line or Fixed-Rate Home Equity Loan using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes Transfer Taxes or Mortgage/Intangible Taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees.
  • Consult a tax advisor regarding the deductibility of interest.