Information About Loan Rates

If you can dream it, we can help you achieve it!


MEFCU Offers very low rates on loans to help you reach whatever destination is on your path. Whether it's a house, a car or extra spending cash, MEFCU has the the right loan at the right rate.

Rates are based on your credit. If you have excellent credit, you'll get a better rate than someone with fair credit. Please see the charts below to see if you qualify and what rates are available for our most popular loans:

 

Signature & Ready Access

Effective Date: 05/01/2017

SIGNATURE & READY ACCESS

 

Signature Loan/Ready Access Line Rates Based on Your Credit Score

Rates are based on creditworthiness and there is a minimum credit score to qualify. Find your credit score and the associated Annual Percentage Rate (APR).

(DNQ = Does not qualify)

Credit Score

Signature Loan
APR%

Ready Access Line** APR%

760

7.49

6.50

700-759

8.99

6.50

650-699

11.49

7.00

620-649

16.00

9.50

500-619

18.00

17.50

Below 500

DNQ

DNQ

 


Rates quoted are the lowest available ("as low as"), actual rate may differ and is dependent on the individual applicant's creditworthiness. Must be a member in good standing.
**Ready Access Line - Variable APR
Click here to apply for a loan under $2,500.
Click here to apply for a loan $2,500 or more.

Auto Loans

Effective Date: 05/01/2017

rates                                                                                                         

 
 

 Auto Loan Rates Based on Your Credit Score

Rates are based on creditworthiness and there is a minimum credit score to qualify. Find your credit score and the associated rate.

(DNQ = Does not qualify)

New Autos

Credit Score/Term up to:

Up to 60 mos.
APR%*

760

2.24

700-759

2.49

650-699

2.74

635-649

7.04

620-634

8.04

540-619

10.74

500-539

12.74

Under 500

DNQ

 Used Autos 2012 and Newer

Older Than 2012

Credit Score/Term up to:

36 mos. APR %*

48 mos.
APR %*

60 mos.
APR%*

36 mos.
APR%*

760

2.49

2.49

2.49

3.74

700-759

2.74

2.74

2.74

3.99

650-699

2.99

2.99

2.99

4.24

635-649

7.29

7.29

7.29

8.54

620-634

8.29

8.29

8.29

9.54

540-619

10.99

10.99

10.99

12.24

500-539

12.99

12.99

12.99

14.24

Under 500

DNQ

DNQ

DNQ

 DNQ

 

Apply for a loan online

*APR: Annual Percentage Rate. Discounts for Concierge Gold and Silver members. Rates are subject to change without notice. Existing MEFCU auto loans cannot be refinanced. MEFCU membership is required. Limitations on terms apply for used auto loans based on model year. Used Auto Loans - Flexible terms available; auto loan amount up to NADA retail value. Longer terms available at higher APRs.

 
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