WVU
Employees' Federal Credit Union
Loan Rates
| New Car Loans | |||||
|---|---|---|---|---|---|
| 72 months** | 60 months | 48 months | 36 months | ||
| 100 % Financing | 5.50 % | 4.75 % | 4.50 % | 4.25 % | |
| Used Car Loans | |||||
| Year of Vehicle | 2008 - 2006 | 2005 | 2004 - 2002 | 2001& 2000 | 1999& |
| Months of Loan |
60 *** |
48 | 48 | 36 | 30 |
| Interest Rate | 5.50 % | 5.75 % | 6.50 % | 7.00 % | 8.00 % |
| Signature Loans 10.00 % - (20% of gross income) | |||||
| Open-End Loans 10.25 % | |||||
| Secured by Shares Loans 5.00 % | |||||
| ** Minimum loan of $20,000. | |||||
| *** Minimum loan of $16,000 for 60 months, otherwise 48 months. | |||||
Interest rates are subject to change by the Board of Directors
First time lenders note: There will be a first time loan fee of $20.00. It will be refunded if the loan is approved. There will be no refunds if loan is declined or requires a co-maker\signer.
