Loan Rates

Rates current as of August 1, 2016 and are subject to change without notice.  

Loan Type      Term APR* as low as
Auto Loans   Click here      Click here
Boat/RV/Miscellaneous Vehicle Loans Click here Click here
Personal up to 84 months
(minimum loan amounts vary by term)**
10.15%

Line of Credit (LOC)      N/A 10.15%1
Savings Secured Loan   60 months
120 months
3.00%
3.00%2
Student Choice Education Line of Credit up to 25 years 8.50%3

 


* APR = Annual Percentage Rate. Rate is based on an evaluation of credit history, so your rate may differ.  
**Personal loan terms up to 12 months require minimum loan amount of $500; 13-24 months require minimum loan amount of $2,000; 25-60 months require minimum loan amount of $3,000; 61-84 months require minimum loan amount of $5,000. Personal loan payment example:  personal loan amount of $20,000 for 60 months at 10.15% APR will have an estimated monthly payment of $428.10.

Terms may vary on loans for business purposes. Contact NWFCU for more details. When refinancing an NWFCU loan to a lower interest rate using the same collateral, .50% is added to listed rate for administrative expenses. (Mortgage and Equity Loans excluded.) 
1 Your initial Annual Percentage Rate (APR) will range from 10.15% to 18.00% based on your creditworthiness. After this, your APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the prior month.
2 Rate is variable. Contact NWFCU for more details.
Share secured loan payment example:  share secured loan amount of $5,000 for 60 months at 3.00% APR will have an estimated monthly payment of $89.95.
3 Loan available for 4-year accredited colleges and universities only. Rate is based on the Wall Street Journal Prime Rate listing on the last business day of the month and is subject to change quarterly. A 0.25% discount is offered for borrowers who arrange automatic payments from their NWFCU account.