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Loans

Effective: March 19, 2020

Download Loan Rates as PDF

Use our online loan payment calculator to calculate your monthly payments:
Launch Loan Payment Calculator

Loan Rate Schedule

  Collateral (Title) Collateral (No Title) Unsecured (Signature)
Credit Score New Used New Used Rate Term Amount
 A+ 750 +

2.99% APR

3.99% APR

4.49% APR

5.99% APR

8.24% APR

54 $10,000.00
A 701 - 749 3.24% APR 4.24% APR 4.74% APR 6.24% APR 8.49% APR 48 $7,500.00
B 651 - 700 3.99% APR 4.99% APR 5.49% APR 6.99% APR 8.99% APR 48 $7,500.00
C 601 - 650 5.74% APR 6.74% APR 7.24% APR 8.74% APR 12.74% APR 42 $5,000.00
D 551 - 600 9.74% APR 10.74% APR 11.24% APR 12.74% APR 16.74% APR 36 $3,000.00
E 500 - 550 11.74% APR 12.74% APR 13.24% APR 14.74% APR 18.74% APR 24 $2,000.00

 

 

Collateral

(Model Year)

Collateral (Title) Collateral (No Title)
Term Loan Value Term Loan Value
New * 2018 - Current 60 100% 60 100%
  Considered New with less than 25,000 miles

Used

2018 - Current 60 100% 60 80%
2014 - 2017 54 100% 54 80%
2011 - 2013 48 100% 48 80%
2010 or older 36 100% 36 80%

 

Share Secured Loan

Rates in effect at time of loans = Current dividend rate + 2.00%

Maximum amortization period for share secured loans is 60 months; share certificate secured loans are due upon maturity.

No credit score or DTI calculation is performed for share secured or share certificate loans.

 

Provisions

The following rate additions apply to all loans except for Share Secured Loans:

+ 1.00% if payment is not set up as automatic withdrawal

+ 1.00% for all existing Highway Crossroads loans that are refinanced

+ 1.00% rate increase per each 12 month term extension (as allowed)

+ .50% for extending LTV to 110%

 

The following rate deduction applies to collateral secured loans:

- .10% with the purchase of GAP

- .10% for active Highway Hero Contributors  

- .20% with active direct deposit

 

Collateral secured loans can extend terms up to 12 additional months with purchase of GAP policy.

Management is authorized to match competitor rate and terms. Credit Manager approval is required.
Credit Manager may adjust loan terms as deemed necessary when circumstances require.

 

APR = Annual Percentage Rate

Special Notice: Credit score does not guarantee approval of loan.

© 2020 Highway Crossroads Credit Union