Loan Rates
AUTO LOANS
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| New Vehicles (Titled in the last 6 months) | |||
| Term | Payment Example Amount | APR* | Payment |
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36 months |
$8,500 |
as low as 1.64% |
$242.13 |
| Used Vehicles 2016 to 2020 | |||
| Term | Payment Example Amount | APR | Payment |
| 36 months 48 months 60 months 72 months |
$8,500 $10,000 $15,000 $20,000 |
as low as 1.64% as low as 1.89% as low as 2.14% as low as 2.39% |
$242.13 $216.47 $263.84 $298.45 |
| Used Vehicles 2011 to 2015 | |||
| Term | Payment Example Amount | APR | Payment |
|
36 months |
$8,500 |
as low as 1.64% |
$242.13 |
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HOME EQUITY LOANS |
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| 70% maximum Loan to Value | |||
| Term | Payment Example Amount | APR | Payment |
|
60 months |
$8,500 |
as low as 3.49% |
$154.59 |
| 80% maximum Loan to Value | |||
| Term | Payment Example Amount | APR | Payment |
| 60 months 120 months 180 months |
$8,500 $10,000 $15,000 |
as low as 3.99% |
$156.50
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| 90% maximum Loan to Value | |||
| Term | Payment Example Amount | APR | Payment |
| 60 months 120 months 180 months |
$8,500 $10,000 $15,000 |
as low as 4.74% as low as 5.74% as low as 5.74% |
$159.39 $109.72 $124.48 |
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Home Solar and Renewable Energy Loan Program (80% maximum Loan to Value) |
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APR as low as 2.24% as low as 2.99% as low as 3.74% |
Payment $149.88 $96.52 $109.01 |
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HOME EQUITY LINE OF CREDIT |
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| LTV | APR |
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| Up to 70% 70% to 80% 81% to 90% 91% to 95% |
Prime - 0.50%* Prime Prime + 0.75% Prime + 1.50% * floor rate is 3.25% |
2.75% 3.25% 4.00% 4.75% |
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STUDENT LOANS |
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| APR | |||
| Parent Student Education Loan | 6.00% | ||
RECREATIONAL EQUIPMENT LOANS |
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| New | |||
| Term | Payment Example Amount | APR | Payment |
| 36 months 48 months 60 months |
$5,000 $7,500 $10,000 |
as low as 2.64% as low as 2.64% as low as 2.89% |
$144.61 $164.82 $179.20 |
| Used 5 years old + | |||
| Term | Payment Example Amount | APR | Payment |
| 36 months 48 months 60 months |
$5,000 $7,500 $10,000 |
as low as 3.64% as low as 3.64% as low as 3.89% |
$146.82 $168.14 $183.67 |
BOAT & RV LOANS |
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| New | |||
| Term | Payment Example Amount | APR | Payment |
| 48 months 72 months 120 months 180 months |
$8,500 $15,000 $15,000 $30,000 |
as low as 2.64% as low as 3.89% as low as 4.64% as low as 5.89% |
$186.79 $233.93 $156.47 $251.38 |
| Used 5 years old + | |||
| Term | Payment Example Amount | APR | Payment |
| 48 months 72 months 120 months 180 months |
$8,500 $15,000 $15,000 $30,000 |
as low as 4.39% as low as 4.89% as low as 5.64% as low as 6.89% |
$193.41 $240.81 $163.83 $267.81 |
SHARE SECURED LOANS |
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| APR | |||
| Primary Share, Money Market, or CD secured |
2.00% above deposit rate |
3.50% minimum | |
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Credit Builder Loan |
Establish or Rebuild Credit History. What you borrow will be desposited into your membership savings. |
6.00% |
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UNSECURED LOANS |
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| Term | Payment Example Amount | APR | Payment |
| 36 months | $3,000 | as low as 6.64% | $92.14 |
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Payday Loan Alternative- Break the payday loan cycle for good. Loan amounts up to $1,000. Maximum term 12 months. |
$1,000 |
3.25% |
$84.81 |
MASTERCARD |
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| APR | |||
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MasterCard Classic MasterCard Choice Rewards |
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11.24%
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No Annual Fee No Annual Fee |
LINE OF CREDIT |
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| APR | |||
| No Annual Fee | No Advance Fee | 12.90% | |
| For more information, please call (507) 387 - 3055 | |||
Rates and terms are subject to change at any time based upon Asset-Liability Committee (ALCO) review and changing market conditions. These rates and terms do not constitute a contract or obligation. Rates are calculated based on an evaluation of credit history, loans terms including number of scheduled amounts to repay, loan-to-value, and account relationships with Minnesota Valley FCU. Additional restrictions may apply. *APR = Annual Percentage Rate. Rates quoted are the lowest possible including discounts, so your rate may differ. Total of all discounts limited to .85%.
Contact the loan department for details at 507-387-3055 or 800-247-0522 or via email loan@mnvalleyfcu.coop. To see our current Savings Rates, click here.
~Private Party Purchase Interest Rate Adjustment: +1.00% for private party sale transactions from one individual to another.
Discounts Available
*Discount of .25% for 10% down payment over required amount. *Add.50% to Real Estate Loans with amortizations over 240 months. *Add .20% for no auto loan payment. *Add .25% for no Private Mortgage Insurance. Add .50% for Non- Conforming Loans.
Consumer Credit Score Discount of up to 0.25% available to those who qualify. Discount is determined by the credit bureau (Beacon) score.
Home Equity Installment Credit Score Discount of up to 0.25% available to those who qualify. Discount is determined by the credit bureau (Beacon) score.
Discount of 0.25% available for 10% down payment over required amount.
Today's Rates
| APR as low as: | |
| New Auto 36 month fixed | 1.64% |
| Used Auto 48 month fixed | 1.89% |
| Home Equity 5 yr fixed | 3.49% |
| Home Equity Line of Credit | 2.50% |
| APY* as high as: | |
| Share Savings (S1) | 0.15% |
| Money Market (S6) | 0.15 - 0.50% |
| 36 Month Certificate | 0.75% |
| 48 Month Certificate | 1.10% |
| 60 Month Certificate | 1.15% |
| Rates Subject to Change. Restrictions may apply. | |
| *APY (Annual Percentage Yield) | |
