University Credit Union Loan Rates

At University Credit Union, affordable, convenient credit is one of the chief benefits of membership. Our Loan Department is staffed by professional loan officers who are committed to offering you the best rates, the fastest service and the most convenient selection of loan options you will find anywhere. Please call for full details on any loan and to discuss any of your borrowing needs at (310) 477-6628. Loan rates effective as of July 1, 2008.

Jump to rates: Real Estate (Home Equity and Mortgages) : : Personal Loans : : MasterCard

Consumer Loans Annual Percentage Rate Terms

New Car Loans
2007 & 2008 5.75% Up to 72 months.
84 months for loans of $30,000 or more.

All new cars at 100% financing, not to exceed manufacturer's retail price, plus tax, license and warranties. Maximum loan amount: $75,000.

Used Cars & Demonstration Models(private party and dealership purchases; cash out available; demonstration models) 5.75%
2006 - 2008 models
For purchases only.
Up to 72 months, 100% financing.
84 months for loans of $30,000 or more.

Loans issued up to 100% retail Book value, plus tax, license and warranties. Maximum loan amount: $75,000.

7.65% Purchases: 1998-2005 models
Refinances: 1998-2008 models
Up to 72 months, 100% financing.
84 months for loans of $30,000 or more.

Loans issued up to 100% retail Book value, plus tax, license and warranties. Maximum loan amount: $75,000.

Computer Loan 9.95% 60 months - Minimum $500; Maximum $10,000.

Personal Loan 9.95% 60 months

Maximum for all unsecured credit: $50,000

Personal Line of Credit 6.55% Variable rate. Maximum credit limit: $25,000

Rates are based on the 6-month discounted T-bill auction rate set on the second Monday of the month prior to each quarterly change, plus a margin. Rates are subject to change quarterly (January 1, April 1, July 1 and October 1). The auction rate for this quarter is 2.05%. The margin is 4.50%.

Overdraft Protection 6.55% Variable rate. Maximum credit line: $5,000. Line of Credit covers overdrawn checks.

Rates are based on the 6-month discounted T-bill auction rate set on the second Monday of the month prior to each quarterly change, plus a margin. Rates are subject to change quarterly (January 1, April 1, July 1 and October 1). The auction rate for this quarter is 2.05%. The margin is 4.50%.

Payday Advance Loan 18.00% $500 max., $100 min. $45 Annual Fee. No advance fees. Direct Deposit required.

Share Loan (savings) 5.99% 60 months; Regular Shares used as loan collateral.

MasterCard: Platinum 8.92% Variable Rate. APR may vary. No Annual Fee.

Rates are based on the 6-month discounted T-bill auction rate set on the last Monday of the second month prior to each semi-annual change, plus a margin (e.g., a January change would use the T-bill rate auction of the last Monday of November). Rates are subject to change semi-annually (January 1 and July 1). The auction rate for this period is 1.92%. The margin is 7.00%.

MasterCard: Gold 11.99% Fixed Rate. No Annual Fee.

MasterCard: Classic 15.96% Fixed Rate. Annual Fee $15.

Recreational Vehicles
(Boats, Personal Watercraft, Motorcycles, Travel Trailers, Tent Trailers) 9.00% New vehicle. 100% financing up to MSRP (plus tax, license and warranties). Repayment terms determined by Credit Manager.

9.75% Used vehicle. Financing up to 100% Book value. Repayment terms based on cost and age of vehicle.

Motor Homes 8.85% New vehicle (2007 - 2008). Maximum loan: $50,000. 100% financing up to MSRP (plus tax, license and warranties). Repayment terms determined by Credit Manager.

9.50% Used vehicle (1998 - 2008). Maximum loan: $50,000. Financing up to 100% Book value. Repayment terms based on cost and age of vehicle.

Real Estate Loans Annual Percentage Rate Terms

Second Trust Deed Loan 75% Equity
6.75%
7.00%
7.50% Term
10 years
15 years
20 years

90% Equity
8.50%
8.75%
9.125% Term
10 years
15 years
20 years

House: $150,000 maximum. Condo/Townhouse: $150,000 maximum.
Loan maximum of $50,000 on all loans over 75% CLTV*.
Single family, owner-occupied detached dwelling or condo/townhouse.

Home Equity Line of Credit

Interest Only Option 3.90%** 75% CLTV*

Standard 3.90%** 75% CLTV*

4.90%** 90% CLTV*

Variable-Rate Home Equity Line of Credit.
House: $150,000 maximum. Condo/Townhouse: $150,000 maximum. Loan maximum of $50,000 on all loans over 75% CLTV.
Single family, owner-occupied detached dwelling or condo/townhouse.

**Introductory rates are for 6 months. At the end of the introductory rate period, the rate will convert to the non-discounted variable annual percentage rate schedule, currently at 5.80% APR (and, based on this rate, has a maximum rate of 11.80% APR) for 75% CLTV. Rates are based on the 6-month discounted T-bill auction rate set on the second Monday of the month prior to each quarterly change, plus a margin. Rates are subject to change quarterly (January 1, April 1, July 1 and October 1). The auction rate for this quarter is 2.05%. The margin is 3.75%. Some restrictions may apply. Call for full details.

FHA Title 1 Home Improvement Loan 8.50% Up to 7 years repayment

8.75% Up to 10 years repayment

9.125% Up to 15 years repayment

$25,000 maximum. Single family, owner-occupied detached dwelling or condo/townhouse.

First Mortgage Loans
Purchases and Refinances Call UCU for today's current rates. Fixed and Adjustable rate loans up to $1,000,000+.

Mortgage Loan Contacts:
Please call a UCU Real Estate Loan Representative for information at (310) 477-6628, ext. 2304 during regular business hours.

Income Property Loans
Multi-Unit Residential Properties Call UCU for today's current rates. Fixed and Adjustable rate loans up to $1,000,000.

The Income Property Loan is available only to members residing in California and on non-owner occupied dwellings (1-4 unit residential property) in the following counties: Los Angeles, Orange, Ventura, San Bernardino, Riverside and San Diego.

Mortgage Loan Contacts:

Please call a UCU Real Estate Loan Representative for information at (310) 477-6628, ext. 2304 during regular business hours.

All real estate loans, except Income Property Loans, are available only to members residing in California and on primary member residences (single-family, owner-occupied, detached dwellings, or condos, townhouses or duplexes) in the following counties: Los Angeles, Orange, Ventura, San Bernardino, Riverside and San Diego. Loans are issued subject to credit approval and equity requirements. Certain Combined Loan-to-Value (CLTV) ratios will apply on real estate loans.

*Combined Loan-to-Value ratio.

Disclaimer: All loans are available only to members residing in California. Car purchases, using a UCU loan, must be made in California only. Rates are subject to change without notice. Loan issued subject to credit review. Contact UCU for complete details.

University Credit Union is an Equal Housing Lender.

Applications:

Apply for your consumer loan on-line!

Join UCU on-line!

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Savings Rates

For more information, please e-mail us or call (310) 477-6628.