Rates
Additional charges may be incurred related to all vehicle loans, such as late payment fees and/or security interest charges that relate to your existing policies and/or contractual agreement.
| Regular | ||
| Effective Date: Monday, February 6th, 2012 | ||
| Type | Term | Annual Percentage Rate |
| New Vehicles | up to 48 months; 10% down | 6.99% |
| Used Vehicles | up to 48 months | 6.99% |
| New Vehicles | 49 - 84 months; 10% down | 7.50% |
| Used Vehicles | 49 - 60 months | 7.50% |
| All other Secured Loans (Boats/RVs/Motorcycles) | 8.00% | |
| Signature Loans Closed and Open | up to 36 months | 9.90% ** |
| ** can apply for up to $3,000 (available to go to $5,000 if debt ratio is below 52% and good credit history | ||
| Specials | ||
| Effective Date: Monday, February 6th, 2012 | ||
| Type | Term | Annual Percentage Rate |
| New Vehicles, trucks or motorcycles *** | up to 60 months | 4.99% |
| New Vehicles, trucks or motorcycles *** | 61 - 72 months | 5.99% |
| New Vehicles, trucks or motorcycles *** | 73 - 84 months | 6.99% |
| All other New RV's, boats,campers etc. *** | up to 48 months | 4.99% |
| All other New RV's, boats,campers etc. *** | 49 - 60 months | 5.99% |
| All other New RV's, boats,campers etc. *** | 61 - 84 months | 6.99% |
| Used (5 years old & newer) vehicles, trucks & motorcycles | up to 60 months | 5.99%* |
| All other Used (5 years old & newer) Rv's, boats, campers etc. | up to 48 months | 8.00%* |
| All other Used (5 years old & newer) Rv's, boats, campers etc. | up to 60 months | 8.00% |
| All other Secured (term determined by amount borrowed) | 8.00% | |
| All other Secured (term determined by amount borrowed) | 9.90% | |
| * NEW LOANS ONLY - current BDFCU loans are not available to be refinanced for special rate. Special rate is for limited time only. | ||
APR - Annual Percentage Rate
Loan Requirements
- Loan officers look at past credit history and also do a debt ratio. To apply for a loan, call the credit union and we will send you out the loan application or fill out our online loan application and fax paystubs: 616.396.0030.
- Once received, fill out the application completely, sign the Note and Disclosure, and send back with a copy of a recent pay stub. As soon as we get it back, the Loan Officer will look at it. If it´s approved and everything is in order, we can send a check out the same day. Payments are due on the 25th of every month.
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act