Loan Rates as of January 20th, 2021
APPLY FOR A LOAN • CALCULATE PAYMENTS
Find the type of loan you're looking for in the first column and follow to the right to see the APR in the second column, and the maximum term in months in the last column.
|
Loan Type
|
APR*
|
Maximum Term (Months)
|
|
Autos & Trucks 2020 & Newer
|
low as 2.39%*
|
up to 60
|
|
low as 2.89%*
|
up to 72
|
|
Autos & Trucks 2018-2019 |
low as 2.65%*
|
up to 60
|
|
low as 3.35%*
|
up to 72
|
|
Autos & Trucks 2016-2017 |
low as 2.89%*
|
up to 60
|
|
Autos & Trucks 2015 & Older
|
low as 3.24%*
|
up to 48
|
|
Boats & RV's 2019 & Newer
|
low as 4.74%*
|
up to 120 |
| Boats & RV's 2018 & Older |
low as 5.74%* |
up to 96 |
| Motorcycles 2019 & Newer |
low as 4.99% |
up to 72 |
| Motorcycles 2018 & Older |
low as 5.99% |
up to 60 |
|
Personal Life Loan
|
low as 8.29%*
|
up to 60
|
|
Need It Now
|
Rates Vary
|
Terms Vary
|
|
Share Secured
|
2.75%
|
84
|
|
VISA Classic
|
12.6%
|
-
|
|
VISA Platinum
|
8.9%
|
-
|
*Actual rates will be based on credit qualifications and maybe higher than the above rates.
*Advertised rates include .25% discount for automatic payment.
*Motorcycles must be valued at $10,000 or more based on NADA retail to qualify for Vehicle Loan Rates.
*Motorcycles valued under $10,000 based on NADA retail are qualified for Recreational Vehicle Rates.
*Existing BMCU loans may not be eligible for refinancing.
*Certain restrictions apply.
*APR is the Annual Percentage Rate.
Bloomington Municipal Credit Union may offer matching rates from other lenders. Please call us before accepting a loan with another institution.
This replaces all previous loan rates and promotions. All loans are simple interest. The rates and yields are subject to change without notice.
Share Rates as of January 20th, 2021
Share account type is located in the first column, followed by the nominal rate in the second, APY in the third, and how it's compounded and paid in the last column.
| Account Type |
Nominal Rate
|
APY*
|
Compound & Pay Rate
|
| Shares |
0.15%
|
0.15%
|
Compounded daily-paid quarterly |
| Christmas and Vacation Shares |
0.10%
|
0.10%
|
Compounded quarterly-paid quarterly |
| IRA's (Traditional-Roth-Education) |
0.25%
|
0.25%
|
Compounded quarterly-paid quarterly |
| Share Drafts |
0.00%
|
0.00%
|
Compounded monthly-paid monthly |
| Money Market |
0.20% |
0.20%
|
Compounded daily-paid quarterly |
*APY is the Annual Percentage Yield.
Rates subject to change without notice.
The minimum balance for a Money Market Share account is $2500. If more than three transactions are conducted in a month or the balance goes below the $2500.00, there is a $10 monthly fee.
Share Certificates as of January 20th, 2021
Share certificate term can be seen in the first column, followed by nominal rate in the second, and APY in the last.
| Term |
Nominal Rate
|
APY*
|
| 6 |
0.25% |
0.25% |
| 12 |
0.40%
|
0.40%
|
| 24 |
0.65%
|
0.65% |
*APY is the Annual Percentage Yield.
Rates subject to change without notice.
$1000.00 minimum balance is required. There is a penalty for early withdrawal. Certificate yields shown assume that dividends are compounded monthly to the certificate.
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