Disclosures
APR = Annual Percentage Rate. Rates are subject to change without notice. Each application is evaluated on an individual basis. Loan advances are granted based upon the applicant(s) credit history, ability to repay, purpose, stability and collateral. Loan advances are not granted based upon method of repayment. On variable rate loans, the Annual Percentage Rate (APR) for new advances and existing balances is based on an index which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly. The index figure is posted in the lobby of each credit union office.
* Members Choice members can get up to .20% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .10% for a new or increased Credit Card.
** For homeowners. Certain tax benefits may not apply. You should consult your tax advisor for information regarding the deductibility of interest and charges. Members Choice members can get up to 1.50% in rate discounts: .75% for 15-year homeownership (.25 for every 5 years), .25% for a mortgage with MCCU, .25 for an auto loan with MCCU, .25% for an automatic loan payment transfer from an MCCU checking account.
*** MCCU "Match A Rate" Program - Members Choice will match and beat a member's current auto rate by 1%, not exceeding our lowest rate as published on the current loan rate sheet., Proof of current rate is required, Forms of proof include but not limited to: Online banking screen print, purchase agreement, statements any other methods for documentation purposes, No other discounts will apply, Not eligible for purchases, Limited time offer.
**** Members Choice members can get up to .30% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .10% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card. Must be a member or eligible for membership in order to qualify for and obtain a loan or discounts. Loan can fund new or used vehicles only and does not apply to boats, recreational vehicles or motorcycles. First Time Auto Buyers must be employed for a minimum of 12 months in a full or part time position. Payment may not exceed 20% of gross monthly income; proof of income required. Maximum loan to value (LTV) 90% of retail, with a minimum of tax, title and license cash down payment; not to exceed $30,000. Proof of insurance required at time of purchase. Terms up to 60 months including coverage benefits that include GAP, multi-shield and warranties. First payment required after 60 days. First time auto buyer loans are not eligible for our rate match program.
(1) Annual Percentage Rate of 1.89% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $84.19 per $1,000 borrowed at 1.89%. Discounts have been applied to the rate of 1.89%. We offer other terms up to 84 months.
(2) Annual Percentage Rate of 4.40% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $85.33 per $1,000 borrowed at 4.40%. Discounts have been applied to the rate of 4.40%. We offer other terms up to 120 months.
(3) Annual Percentage Rate of 6.89% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $86.48 per $1,000 borrowed at 6.89%. Discounts have been applied to the rate of 6.89%. We offer other terms up to 84 months.
(4) Loan amounts $5,000 - $350,000. Maximum term is 20 years. Available for first or second lien position only. Third lien position not allowed. Available on residential primary residences, second/vacation properties, and investment properties located in Texas. Maximum combined loan to value on primary residences and second/vacation homes is 80%. Maximum combined loan to value on investment properties is 75%.
(5) Loan amounts $5,000 - $350,000. Maximum term is 20 years. Available for first or second lien position only. Third lien position not allowed. Available on residential primary residences, second/vacation properties, and investment properties located in Texas. Maximum combined loan to value on primary residences is 95%. Maximum combined loan to value on second/vacation homes is 80%. Maximum combined loan to value on investment properties is 75%.
(6) A balance transfer could take up to six weeks to appear on your new card, depending on your previous card issuer. Check your accounts to track progress, and make sure you continue to make at least the minimum payment on the card you transferred the balance from on time to avoid late fees. 3% Balance Transfer Fee.
Looking to refinance? We will match or beat your current rate by 1% when you refinance your auto loan with us.