HomeInformation About Loan Rates
 

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 Loan

Effective Date: 11/07/2022

SIGNATURE LoanS

 

Signature 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 Annual Percentage Rate (APR).

 

Credit Score

Signature Loan
APR%

760

8.99

700-759

10.49

650-699

12.99

620-649

17.50

500-619

18.00

Below 500

N/A

 


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.
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: 4/1/2023

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.

 

 

New Autos

Credit Score/Term up to:

Up to 72 mos.
APR%*

Up to 84 mos.
APR%*

760

5.49

6.49 

700-759

5.74

6.74 

650-699

5.99

6.99 

635-649

10.29

11.29 

620-634

11.29

12.29 

540-619

13.99

14.99 

500-539

15.99

16.99 

Under 500

N/A

 

 

Used Autos
 

2022 
and Newer

2022 
and Newer

2021- 2018 

2017
 and Older

 

Credit Score/Term up to:

6-60 mos. APR%*

61-72 mos.
APR %*

6-60 mos.
APR%*

6-48 mos.
APR%*

 

760

5.74

6.74

5.74

6.99

 

700-759

5.99

6.99

5.99

7.24

 

650-699

6.24

7.24

6.24

7.49

 

635-649

10.54

11.54

10.54

11.79

 

620-634

11.54

12.54

11.54

12.79

 

540-619

14.24

15.24

14.24

15.49

 

500-539

16.24

17.24

16.24

17.49

 

Under 500

N/A

N/A

N/A

 N/A

 
 

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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