Personal Loan Interest Rates | Superior Choice CU

Auto and Motorcycle Rates

Up to 120% MSRP including taxes, license, warranties, and all other adds

APR as low as¹

New vehicles (next, current, and prior year)

2.19%

Used vehicles 2 years to under 5 years old

2.49%

Used vehicles 5 years to under 7 years old

3.69%

Used vehicles 7 years to under 10 years old

3.89%

Rates effective as of: February 21, 2025

(1) APR = Annual Percentage Rate. Rates effective 2/15/2021 and are subject to change at any time without notice. The rate posted is the lowest possible rate and may vary depending on past credit history, down payment, and approximate term. Membership eligibility is required. Terms and conditions apply. All loans are subject to approval.

Recreational-Type Vehicle Rates

Boats, ATVs, UTVs, Snowmobiles, Jet Skis, RVs, Campers, etc.

APR as low as²

New recreational-type vehicles

2.99%

Used recreational-type vehicles 2 years to under 5 years old

4.24%

Used recreational-type vehicles 5-7 years old

5.49%

Used recreational-type vehicles 7-10 years old

7.49%

Rates effective as of: February 21, 2025

(2) APR = Annual Percentage Rate. Rates effective 4/9/2021 and are subject to change at any time without notice. The rate posted is the lowest possible rate and may vary depending on past credit history, down payment, and approximate term. Membership eligibility is required. Terms and conditions apply. All loans are subject to approval.

Share Secured/Share Certificate Secured Loan Rates

Description

APR*

Repayment Terms**

One Year Share Secured Loans¹

3.90% Fixed

$85.11

Share Certificate Secured Loans²

2.00% Above Share Certificate Rate

Repayment terms are dependent upon the current certificate rate. Please call for details.

Rates effective as of: February 21, 2025

*APR = Annual Percentage Rate **Monthly payment is based on your payment per $1,000 for APR rate and term. (1) Payment Example: For a $10,000 loan at 3.90% APR for 12 months, monthly payments will be $851.04. (2) Balloon Payment Example: For a $150,00 balloon loan for a term of 120 months with a 3.40% APR (in effect August 2020), there will be 119 monthly payments of $665.22 and one final payment of $116,389.58. Share Certificate Secured loans may be written with a balloon note feature with a maturity date that matches the maturity date of the Share Certificate. The amortization term can extend to ten years for balloon notes. Share secured loans can be amortized to ten years with a balloon date at 36 months. All loans are subject to approval. All rates are effective as of 12/20/2004.

Personal and Quick Cash Loan Rates

Description

APR**

Term

Repayment Terms*

Personal Loan¹

10.99%

36 months

$33.21 per $1,000 Borrowed

Quick Cash²

8.99% Variable***

Open

$40.00 per $1,000 Advanced

Rates effective as of: February 21, 2025

*Monthly payment is based on your payment per $1,000 for APR rate and term. **APR= ANNUAL PERCENTAGE RATE. Rates and terms are subject to change. Rates posted are the lowest rates and an applicant's rate may vary depending on past credit history and the approximate term of the loan. ***Based on the 6-month T-bill rate (1) Payment Example: A $5,000 loan for a term of 3 years with a 10.99% APR, the monthly payment will be $163.67. (2) The minimum payment is $20.00 or 4% of the outstanding balance, whichever is greater. With a Quick Cash, no grace period applies. Interest will begin to accrue the day of the first advancement. Membership eligibility required. The above rates are subject to change at any time without notice. All loans are subject to approval. Down payment requirements may apply. Signature loan rate effective as of 07/06/2020. Quick Cash rate effective 10/01/2020.