Peoples Choice Credit Union


SERVING OUR MEMBERS SINCE 1935

Loan Rates


Effective September 2022 for Rates & January 2023 for Model Years

Auto & Truck Collateralized Loans

Model Year Terms As Low As - APR*
2020 to 2023 up to 72 mos 6.50%
2018 to 2019 up to 60 mos 7.00%
2008 to 2017 up to 48 mos 7.00%
Over 15 years old add 1.00% to base rate
Over 150,000 miles add 1.00% to the base rate
Co-Signers add 1.00% to the base rate
Longer Term add 1.00% to the base rate
   

Signature Loans

Amount Terms APR*
$500.00 to $1,000.00 12 mos 18.00%
$1,001.00 to $1,500.00 12 mos 15.00%
$1,501.00 to $3,000.00 24 mos 14.00%

Elite Signature Loans

Amount Terms APR*
$3,001 to $6,000.00 60 mos 14.00%

Christmas Loans

Amount Terms APR*
$1,200.00 to $1,999.00 12 mos 12.00%
$2,000.00 to $2,500.00 20 mos 12.00%

Share Secured Loans

Amount Terms APR*
Shares/$500.00-$1,000.00 24 mos 6.50%
Shares/$1,001.00 & up 36 mos 6.25%
Shares/$1,001.00 & up 42-72 mos 6.50%
Super Savings/$500.00-$3,000.00 12-48 mos 7.00%
Super Savings/$500.00 & up over 48 mos - 120 mos 7.25%

Credit Card Debt Consolidation Loans

Amount Terms APR*
Up to $11,000.00 up to 84 mos 12.00%

Credit Score Discounts & Add-Ons

Score  
750 & up minus 2.00% off base rate
690-749 minus 1.50% off base rate
660-689 minus 1.00% off base rate
630-659 minus .50% off base rate
600-629 2.00% added to base rate.
550-599 7.00% added to base rate.
549 & below Automatic 18.00%
.25% off base rate for Auto Pay w/direct deposit
.25% off base rate for borrowing less than 80% of the retail value

Wild Card Discounts

(Cannot be combined with other discounts)

  • 2.00% off for Veterans & Military
  • 2.00% off for Seniors 62 & older
  • 2.00% off for Students

Motorcycle/Boats/RVs & 5th Wheels Collateralized Loans

Collateral listed below is assessed the same base rate as an auto plus the rate below.

  Terms
Boats +2.00% up to 36 months / +1.00% for longer term
New Motorcycle +.50% up to 36 months / +1.00% for longer term
Used Motorcycle +1.50% up to 36 months/+ 1.00% longer term
RVs and 5th Wheels (New) +2.00% up to 15 years max
RVs and 5th Wheels (Old) +2.00% /Term determined case by case

The loan rates are reviewed on a quarterly basis and subject to change at that time.

Application fee: $10.00
Processing Fee: 2% of the loan up to a maximum of $100.‚Äč00
Late Charge: A $10.00 late fee will be charged for each payment not made in full within 10 days after due date.

We loan 10% over retail/WAC


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90 DAY DEFERRED PAYMENTS & ANNUAL SKIP-A-PAY Options /WAC Available

Approved