Loan Rates
AUTO LOANS
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| New Vehicles (Titled in the last 6 months) | |||
| Term | Payment Example Amount | APR* | Payment |
|
36 months |
$8,500 |
as low as 5.49% |
$256.63 |
| Used Vehicles 2018 to 2022 | |||
| 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 5.74% as low as 5.99% as low as 6.24% as low as 6.49% |
$257.59 $234.80 $291.67 $336.10 |
| Used Vehicles 2013 to 2017 | |||
| Term | Payment Example Amount | APR | Payment |
|
36 months |
$8,500 |
as low as 6.24% |
$259.51 |
|
Used Vehicles 10 Years & Older 48 months |
$8,500 |
7.49% |
$205.48 |
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 6.24% |
$165.28 |
| 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 6.74% |
$167.27
|
| 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 7.49% as low as 7.74% as low as 8.49% |
$170.28 $119.96 $147.62 |
|
Home Solar and Renewable Energy Loan Program (80% maximum Loan to Value) |
|
APR as low as 5.74% as low as 6.24% as low as 7.24% |
|
HOME EQUITY LINE OF CREDIT |
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| LTV | APR |
|
|
| Up to 70% 70% to 80% 81% to 90% |
Prime - 0.50%* Prime Prime + 0.75% * floor rate is 3.99% |
7.75% |
|
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 6.49% as low as 6.74% as low as 6.99% |
$153.22 $178.69 $197.96 |
| 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 7.49% as low as 7.74% as low as 7.99% |
$155.51 $182.18 $202.72 |
BOAT & CAMPER 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 6.24% as low as 6.74% as low as 7.49% as low as 8.74% |
$200.56 $253.87 $177.97 $299.66 |
| 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 7.24% as low as 7.74% as low as 8.49% as low as 9.74% |
$204.49 $261.10 $185.90 $317.63 |
MISCELLANEOUS EQUIPTMENT |
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| New | |||
| Term | Payment Example Amount | APR | Payment |
|
36 months |
$5,000 $7,500 $10,000 |
as low as 6.49% as low as 6.74% as low as 6.99% |
$153.22 $178.69 $197.96 |
| Used 5 years old + | |||
| Term | Payment Example Amount | APR | Payment |
|
36 months |
$5,000 |
as low as 7.49% |
$155.51 |
SHARE SECURED LOANS |
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| APR | |||
| Primary Share, Money Market, or CD secured |
2.00% above deposit rate |
3.50% minimum | |
|
Credit Builder Loan |
Establish or Rebuild Credit History. What you borrow will be desposited into your membership savings. |
6.00% |
|
UNSECURED LOANS |
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| Term | Payment Example Amount | APR | Payment |
| 36 months | $3,000 | as low as 9.74% | $96.44 |
|
Payday Loan Alternative- Break the payday loan cycle for good. Loan amounts up to $1,000. Maximum term 12 months. |
$1,000 |
4.99% |
$85.16 |
MASTERCARD |
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| APR | |||
|
MasterCard Classic MasterCard Choice Rewards |
|
11.24%
|
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
*Add.50% to Real Estate Loans with amortizations over 240 months. *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.
Today's Rates
| APR as low as: | ||
| New Auto 36 month fixed | 5.49% | |
| Used Auto 48 month fixed | 5.99% | |
| Home Equity 5 yr fixed | 6.24% | |
| Home Equity Line of Credit | 7.75% | |
| Home Equity Line of Credit Intro Rate | 5.49% | |
| APY* as high as: | ||
| Share Savings (S1) | 0.25% | |
| Money Market (S6) | 0.25 - 2.01% | |
| 36 Month Certificate | 1.71% | |
| 48 Month Certificate | 2.01% | |
| 60 Month Certificate | 2.27% | |
| 63 Month Certificate Special | 4.06% | |
| Rates Subject to Change. Restrictions may apply. | ||
| *APY (Annual Percentage Yield) | ||
