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Loan Interest Rates

Automobile Loan Interest Rates

AUTOMOBILE LOAN INTEREST RATES
Model Year/ InformationAnnual Percentage Rate**Maximum Length of Loan in MonthsEstimated Monthly Payments per $1,000 Borrowed
2013-2014 Auto/ Truck 1.49%* 36 $28.43
2013-2014 Auto/ Truck 1.99%* 48 $21.70
2013-2014 Auto/ Truck 1.99%* 60 $17.53
2013-2014 Auto/ Truck 2.20%* 72 $14.83
2010-2012 Auto/Truck 1.99%* 48 $21.70
2010-2012 Auto/Truck 1.99%* 60 $17.53
2010-2012 Auto/Truck 2.75%* 72 $15.09
2009 Auto/Truck 1.99%* 48 $21.70
2009 Auto/Truck 1.99%* 60 $17.53
2008 Auto/Truck 1.99%* 48 $21.70
2008 Auto/Truck 1.99%* 60*** $17.53
2007 Auto/Truck 1.99%* 48*** $21.70
2007 Auto/Truck 1.99%* 60*** $17.53
2006 Auto/Truck 4.75%*  30  $35.42
2006 Auto/Truck   5.25%* 36  $30.09 
2006 Auto/Truck   5.25%* 42  $26.12 
* Loans currently held by Flint Area School Employees Credit Union may not be refinanced under this offer.
** Annual Percentage Rate (APR) is available as of 3/13/2014 and is subject to change without notice. All loans are subject to credit approval. Rate shown is offered to members with good credit. Members with less satisfactory credit may qualify for a loan at a higher interest rate. Please contact our Loan Department for additional information.
*** Must have fewer than 150,000 miles. 

Home Equity Loan Interest Rates

Home Equity Loans are available at low interest rates and feature the additional benefit of tax-deductible interest*, to save you even more money over the length of the loan. Once approved, you can easily access your Home Equity Line of Credit, 24 hours a day, 7 days a week, through A+CALL®, our telephone banking system or A+COMPUTE® Online Banking.

Apply now and discover how simple it is to put the equity in your home to work for you! Whether you are remodeling, financing a college education, or planning the vacation of a lifetime, you can finance it with help from your home and Flint Area School Employees Credit Union.

HOME EQUITY LOAN INTEREST RATES
Type of LoanAnnual Percentage Rate**Maximum Length of Loan in MonthsEstimated Monthly Payments per $1,000 Borrowed
Real Estate Equity - 80% LTV 4.00% 36 $29.53
Real Estate Equity - 80% LTV 4.25% 60 $18.53
Real Estate Equity - 80% LTV 4.75% 84 $14.02
Real Estate Equity - 80% LTV 5.00% 120 $10.61
       
Home Equity Line of Credit (variable rate) 4.00% Variable Rate Changes Quarterly ***    
       
*Please consult your tax/financial advisor with regard to your personal situation.   
**All loans are subject to credit approval. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information. Annual Percentage Rate (APR) is effective as of May 30, 2013 and subject to change without notice.   
*** The Annual Percentage Rate (APR) may change up to four times a year. Changes will be made on the first day of January, April, July and October. The APR is based on the Prime Lending Rate in effect three business days prior to the first day of each calendar quarter plus or minus a margin. The margin you receive will be based on credit history. However, the APR shall never be less than 4 percent or higher than 18 percent. The "Prime Lending Rate" means the average prime rate of major U.S. money center commercial banks as published in the Wall Street Journal (or alternate publication, if required). The APR may increase or decrease if the Prime Lending Rate increases or decreases. An increase may cause you to have to make more payments on your loan but the amount of the payments will not change. The minimum monthly payment amount is $2.00 for each $100.00 borrowed, but the monthly payment will never be less than $100.00.

Other Loan Rates

OTHER LOAN RATES*
Type of LoanAnnual Percentage Rate **Maximum Length of Loan in MonthsEstimated Monthly Payment per $1,000 borrowed
Share Secured 4.00% 48 $22.58
Share Secured 6.50% 120 $11.36
Computer Secured 7.00% 24 $44.77
Computer Secured 8.00% 36 $31.34
Certificate of Deposit Secured Higher of 4.00% or 3.00% Plus CD Interest Rate Term of Certificate (Assuming a 4.00% interest rate for a 12 month loan)$85.14
Unsecured Loans (including Lines of Credit) 8.90% 60 $20.71
* All loans are subject to credit approval. No down payment required for approved and qualified borrowers.
** Annual Percentage Rate (APR) is effective as of 10/02/2012 and subject to change without notice. Rate is based on credit history; rate shown is offered to members with good credit. The rate may be higher for members with less satisfactory credit. Please contact our Loan Department for additional information.