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260 471-5544
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Loan Rates

Posted on: May 7th, 2012 by General Credit Union No Comments

Current Loan Rates

The following rates become effective June 29, 2016. Rates are available for a limited time.
Call for the latest information at (260) 471-5544 or (800) 889-5554.

NOTE: Rates Listed are Based Upon Empirica Scoring Model A and above. Other terms and rates are available. Call 260-471-5544 or 800-889-5554 x 5 to speak with a loan officer.
Loan Description Approximate Term APR (Annual Percentage Rate)

New / Used Vehicles

2013 & Newer

o-36 Mos. as low as 1.55%
37-48 Mos. as low as 1.79%
49-60 Mos. as low as 1.99%
61-75 Mos. as low as 2.70%
76-84 Mos. as low as 4.99%*
Pre-Owned Vehicle        2010-2012

0-48 Mos.

49-60 Mos.

61-72 Mos.

as low as 2.49%

as low as 2.99%*

as low as 3.99%*

Pre-Owned Vehicles       2009

 

Pre-Owned Vehicles       2007 – 2008

0-48 Mos.

49-60 Mos.

 

0-48 Mos.

49-60 Mos.

as low as 2.49%*

as low as 4.99%*

 

as low as 3.99%*

as low as 4.99%*

Pre-Owned Vehicles      2006-older 0-48 Mos. as low as 4.99%*

Boats, Motor Homes, Travel Trailers, Campers          

2013 & Newer

 

 

Pre-Owned 2010-2012

 

 

Pre-Owned 2007-2009

 

 

Pre-Owned 2006 & Older

0-60 Mos.

61-72 Mos.

73-84 Mos.

 

0-60 Mos.

61-72 Mos.

 

0-48 Mos.

49-60 Mos.

 

0-48 Mos.

 

as low as 3.49%

as low as 3.99%

as low as 5.99%

 

as low as 3.99%

as low as 4.99%

 

as low as 4.99%

as low as 5.99%

 

as low as 5.99%

Motorcycles, ATVs, Jet Skis, Snowmobiles – 2013 & Newer

 

 

Pre-Owned 2010-2012

 

 

Pre-Owned 2007-2009

 

 

Pre-Owned 2006 & Older

0-60 Mos.

61-72 Mos.

73-84 Mos.

 

0-60 Mos.

61-72 Mos.

 

0-48 Mos.

49-60 Mos.

 

0-48 Mos.

as low as 2.49%

as low as 2.99%

as low as 4.99%

 

as low as 2.99%

as low as 3.99%

 

as low as 3.99%

as low as 4.99%

 

as low as 4.99%

1st Mortgages Please call Kim at 260-373-0781 or 800-889-5554 x147 for current rates. Call for rates and closing costs.
Home Equity Loans Introductory rate for first 12 months (variable after 12 months)

1.49%

see 1 below

Second Mortgages
Fixed rate for term of loan.
Only Indiana mortgages available.
5 Yrs. as low as 3.00%**
10 Yrs. as low as 4.00%**
15 Yrs. as low as 5.00%**
Simple Solution Loan
(Personal Loan)
0-60 Mos. as low as 8.99%

1 After 12 months, APR is variable and based on Prime Rate (index) plus a margin of Prime plus 0.00 to 2.00% APR. Minimum APR is as low as 3.50%, maximum is 18.00%. Contact credit union for more information and closing cost information.

All rates are subject to credit approval and change without notice and may vary based on individual creditworthiness. No additional discounts on vehicle loans up to 75 months. Rates are available for a limited time. Repayment terms may vary.

*A 0.50% discount may be deducted from vehicle loans if the LTV (loan to value) is 80% or below depending on creditworthiness.

GCU reserves the right to add up to 4% to the rate if any applicant has less than 3 active trade lines on their credit bureau report.

**Second Mortgage loans must have a minimum loan amount of $7500. Rates listed are for 80% LTV (loan to value) or 90%LTV with an additional 1% added to rate. Closing costs are $200. Loan must remain at GCU for a minimum of 6 months or actual closing costs will be applied up to $500. Current GCU loans may not be refinanced. All mortgage loans must be for properties in Indiana only. May be tax deductible. Check with tax advisor.
Current loan rate specials have no additional discounts available. Certain qualifications apply.