Tiered Pricing Paper Tiers And Loan Rates
Rates Approved as of: April 07, 2023
Rate Effective Date of January 2, 2024 – Discounts apply to automobiles only.
Breakdown of Paper Tiers | Approved Credit Score Ranges |
---|---|
A+ Paper Score Range | 740 & Over |
A Paper Score Range | 739-680 |
B Paper Score Range | 679-640 |
C Paper Score Range | 639-600 |
D Paper Score Range | 599 & Below |
APPLICABLE DISCOUNTS FOR LOWER RATES
-.50 Automatic payments
Type of Loan | Rate As Determined by Member Creditworthiness | ||||
---|---|---|---|---|---|
A+ | A | B | C | D | |
New Car (Vehicles 2023 & Newer) | 5.94% | 5.94% | 7.94% | 9.94% | 12.94% |
Used Car (Vehicles 2022 to 2020) | 6.94% | 6.94% | 8.44% | 10.44% | 13.44% |
Used Car (Vehicles 2019 & Older) | 7.94% | 7.94% | 9.44% | 11.44% | 14.44% |
Other Secured | 6.44% | 6.69% | 9.94% | 11.44% | 13.44% |
Share Secured | 2% above index | 2% above index | 2% above index | 2% above index | 2% above index |
Unsecured | 8.75% | 9.60% | 12.19% | 15.19% | 18.00% |
Line-of-Credit | 8.75% | 9.60% | 12.19% | 15.19% | 18.00% |