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Loan Rates effective 2/17/2010

It pays to borrow where you’re a member, not just a number.  We want to help you make your dreams a reality.  We treat each person who requests a loan like family.  Our goal is to make your loan application and approval experience simple, quick and easy.  Remember to make Minnesota Valley your first stop when you need to borrow money for any reason.  Rates are based on an evaluation of credit history, Loan-To-Value and account relationship with the credit union.   

 

 

Loan Rates
AUTO LOANS

Model 2006 to 2010

Term

48 months

60 months

72 months

84 months

 

 Amount

 $8,500

 $10,000

 $15,000

 $20,000

 

 APR*

 as low as 4.25%

 as low as 4.50%

 as low as 4.75%

 as low as 5.25%

 

 Payment

 $192.87

 $186.43

 $239.84

 $285.03

Model 2000 to 2005

Term

48 months

60 months

72 months

 

Amount

$8,500

$10,000

$15,000

 

APR

as low as 4.75%

as low as 5.00%

as low as 5.25%

 

Payment

$194.79

$188.71

$243.32

Model 1999 & Older

Term

48 months

60 months

 

Amount

$8,500

$10,000

 

APR

as low as 5.75%

as low as 6.00%

 

Payment

$198.65

$193.33

HOME EQUITY LOANS


70% maximum Loan to Value

Term                    Amount                APR                          Payment

  60 months             $8,500                as low as 5.24%         $161.34

120 months           $10,000                as low as 5.74%         $109.72

180 months           $15,000                as low as 6.24%         $128.53

240 months           $20,000                as low as 6.74%         $151.95

 

80% maximum Loan to Value

Term                    Amount                APR                          Payment

  60 months             $8,500                as low as 5.74%         $163.30

120 months           $10,000                as low as 6.24%         $112.23

180 months           $15,000                as low as 6.74%         $132.65

240 months           $20,000                as low as 7.24%         $157.95

 

90% maximum Loan to Value

Term                    Amount                APR                          Payment

 60 months             $8,500                as low as  6.49%         $166.27

120 months           $10,000                as low as  6.99%         $116.06

180 months           $15,000                as low as  7.49%         $138.97

240 months           $20,000                as low as  7.99%         $167.16

 

HOME EQUITY BALLOON (call term 5 years)


70% maximum Loan to Value

Term                    Amount                APR                          Payment

120 months           $10,000                as low as 4.95%         $105.82

240 months           $25,000                as low as 4.95%         $164.30

360 months           $35,000                as low as 4.95%         $186.82

 

80% maximum Loan to Value

Term                    Amount                APR                          Payment

120 months           $10,000                as low as 5.45%         $108.28

240 months           $25,000                as low as 5.45%         $171.27

360 months           $35,000                as low as 5.45%         $197.63

 

90% maximum Loan to Value

Term                    Amount                APR                          Payment

120 months           $10,000                as low as 6.20%         $112.03

240 months           $25,000                as low as 6.20%         $182.00

360 months           $35,000                as low as 6.20%         $214.36

 

 

HOME EQUITY LINE OF CREDIT

LTV

Up to 70%

70% to 80%

81% to 90%

 

APR

Prime - 0.50%*

Prime 

Prime + 0.75%

* floor rate is 4.00%

APR

4.00%

4.00%

4.00%

 

STUDENT LOANS 

 

Federal Stafford

Federal Plus

Parent Student Education Loan

 

7/1/07 to 6/30/08

7/1/07 to 6/30/08

7/1/07 to 6/30/08

APR

6.80%

8.50%

6.00%

 

RECREATIONAL EQUIPMENT LOANS

2005 to 2010

Term

36 months

48 months

60 months

 

Amount

$5,000

$7,500

$10,000

 

APR

as low as 5.50%

as low as 5.50%

as low as 5.75%

 

Payment

$150.98

$174.42

$192.17

2003 & older

Term

36 months

48 months

60 months

 

Amount

$5,000

$8,500

$10,000

 

APR

as low as 6.00%

as low as 6.00%

as low as 6.25%

 

Payment

$152.11

$176.14

$194.49

 

BOAT & RV LOANS

2005 to 2010

Term

48 months

60 months

120 months

180 months

 

Amount

$8,500

$10,000

$15,000

$25,000

 

APR

as low as 5.55%

as low as 5.80%

as low as 6.55%

as low as 6.55%

 

Payment

$197.87

$164.79

$170.70

$174.77

2004 & Older

Term

48 months

60 months

120 months

180 months

 

Amount

$8,500

$10,000

$15,000

$25,000

 

APR

as low as 6.75%

as low as 7.25%

as low as 7.75%

as low as 7.75%

 

Payment

$202.56

$171.69

$180.02

$188.26

OTHER SECURED LOANS

2005 to 2010

Term

36 months

48 months

60 months

 

Amount

$5,000

$8,500

$10,000

 

APR

as low as 6.25%

as low as 6.25%

as low as 6.50%

 

Payment

$152.68

$177.00

$195.66

2004 & Older 

Term

36 months

48 months

60 months

 

Amount

$5,000

$8,500

$10,000

 

APR

as low as 7.25%

as low as 7.25%

as low as 7.50%

 

Payment

$154.96

$180.47

$200.38

 

SHARE SECURED LOANS

 

Primary Share, Money Market, or CD secured

 

2.00% above deposit rate

APR

3.50%

minimum

 

UNSECURED LOANS

Term

36 months

Amount

$3,000

APR

as low as 9.95%

Payment

$96.73

 

VISA

No Annual Fee No fee balance transfer  APR

Prime +

6.75%

 

LINE OF CREDIT

 

No Annual Fee

 

No Advance Fee

APR

12.90%

 

For more information, please call (507) 387 - 3055

 

 

 

 

 

 

 

 

 

 

Rates and terms are subject to change at any time based upon Asset-Liability Committee (ALCO) review and changing market conditions.  These rates and terms do not constitute a contract or obligation.  Rates are calculated based on an evaluation of credit history, loans terms including number of scheduled amounts to repay, loan-to-value, and account relationships with Minnesota Valley FCU based on the EZ Six Rewards.  Additional restrictions may apply.   *APR = Annual Percentage Rate.  Rates quoted are the lowest possible including discounts, so your rate may differ. Total of all discounts limited to 1.00%. 

 

Contact the loan department for details at 507-387-3055 or 800-247-0522 or via email  loan@mnvalleyfcu.coop. To see our current Savings Rates, click here.

~Private Party Purchase Interest Rate Adjustment: +1.00% for private party sale transactions from one individual to another.

Discounts Available

Refinance Special: Members refinancing another lender secured, non-mortgage loan will receive a 0.25% discount to the comparable product rate listed above and up to a $100 gas card.

 EZ Six Reward: Discount of 0.25% for having at least six of the following twelve products and/or services: active checking account;    online bill payer; Visa credit or debit card; online banking; ART; MyCardInfo; direct deposit; savings or loan of $2,000 or more; auto bill pay (ACH); L-4 (checking line of credit); and at least one of the following -Credit Life, Credit Disability MBI or GAP. Discount does not apply to the following loans: mortgage, home equity, checking account line of credit, or Visa.


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Minnesota Valley Federal Credit Union
1640 Adams Street  ·  Mankato, MN 56001
(507)387-3055 or (800)247-0522
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