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1st MidAmerica Credit Union

Loan Rates

Approval and your Annual Percentage Rate may be higher depending on your credit worthiness. Please ask a Financial Service Representative for details regarding how your rate is determined. Interest rates are subject to change and are as low as those listed below. Other restrictions may apply.

Effective

Choose a Loan Type to view rates:



New Vehicles*

Terms APR Payment per $1000
36 months 2.49% $28.86
48 months 2.49% $21.91
60 months 2.49% $17.74
63 months 2.49% $16.95
66 months 2.49% $16.23
72 months 2.99% $15.19
84 months
(Vehicle Year - 2013-2014)
5.09% $14.08

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Used Vehicles*

2011 - 2014 Up to 60 months 2.49% $17.74 (60 months)
63 months 2.49% $16.95
66 months 2.49% $16.23
72 months 2.99% $15.
**for 2013 & 2014 only** 84 months 5.09% $14.18
2009 - 2010 Up to 60 months 2.99% $17.96
63 months 2.99% $17.17
66 months 3.45% $16.66
72 months 3.84% $15.57
2006 - 2008 Up to 48 months 3.14% $22.20(48 months)
2005 & Older Up to 48 months 4.04% $22.60 (48 months)

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Motorcycles and Personal Watercraft*

Terms APR Payment per $1000
36 months 5.55% $30.22
48 months 5.55% $23.28
60 months 6.05% $19.36

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

New and Used Boats*

Terms APR Payment per $1000
48 months 5.69% $23.34 (48 months)
60 months 5.69% $19.19 (60 months)
72 months 5.99% $16.57 (72 months)
84 months 5.99% $14.60 (84 months)
120 months 6.19% $11.20(120 months)
180 months 6.39% $8.65 (180 months)

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

Recreational Vehicles*

Terms APR Payment per $1000
72 months 5.99% $16.57 (72 months)
84 months 5.99% $14.60 (84 months)
120 months 5.99% $11.10 (120 months)

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Other Loan Options

Loan Type Terms APR Payment per $1000
Signature Up to 60 months 10.70% $21.59 (60 months)
Signature Line of Credit Up to 60 months 10.70%  
Share Secured Up to 60 months

2% over share rate.
Floor Rate: 2.5%

$18.87 (60 months)

 

Lot and Construction Loans

Effective July 3, 2008
Term Rate APR Payment per $1000 Borrowed
Based upon 30 year amoritization
Lot 5.500% 5.883% $5.68
Construction 5.250% 8.224%  

 

Home Equity Loans

Whatever you "upgrade", you can make it affordable & easy with a Home Equity loan!

 

Home Equity Loan

APR Term Payment
Per $1000
Variable Rate
Up to 90% combined loan to value
6.24% Up to 180 Months
Variable Rate
Over 90% combined loan to value
8.24% Up to 180 Months

Fixed Rate
Up to 90% combined loan to value

3.99% Up to 60 months $18.41
(60 months)
4.49% 61-120 Months $10.36
(120 months)
4.48% 121-180 Months $7.64
(180 months)
6.39% 181-240 Months $7.39
(240 months)

Fixed Rate
Over 90% combined loan to value

 

6.99% Up to 60 Months $19.80
(60 months)
7.49% 61-120 Months $11.86
(120 months)
7.88% 121-180 Months $9.49
(180 months)
9.39% 181-240 Months $9.25
(240 months)

Maximum variable rate is 5.00% above initial rate. $5,000 minimum line of credit. Minimum advance upon closing is $2,500. Rate adjusts in January and July to prime plus 1% APR, prime plus 2% APR, or prime plus 2.5% APR depending upon LTV.

Rates effective October 15, 2014 and are subject to change.

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