Loan Rates
SDMCU uses personalized lending rates based on a borrower's credit worthiness, account relationship and usage of other credit union products and services. Rates shown are the available range. Not every borrower will qualify for the same rate. Rates are fixed unless otherwise noted.
Rates effective: November 1, 2008
Auto
| Terms | Min. Amount Finance | APR1 Range | ||
| Auto New | ||||
| Up to 72 months | Starting at | 5.99% | 16.24% | |
| 73 - 84 months | $30,000 | Starting at | 6.49% | 16.74% |
| Auto Used | ||||
| Up - 72 months | Starting at | 6.49% | 16.74% | |
| 73 - 84 months | $30,000 | Starting at | 6.99% | 17.24% |
Recreational Vehicle, Motorcycle, Boat & Sports Craft
| Terms | Min. Amount Finance | APR1 Range | ||
| Up to 72 months | Starting at | 7.74% | 17.99% | |
| 73 - 96 months | $30,000 | Starting at | 8.24% | 18.49% |
| 97 - 180 months | $40,000 | Starting at | 8.49% | 18.74% |
Important Information Regarding the Motorcycle & Scooter Loan Promotion: APR = Annual Percentage Rate. Rates and terms are effective 10/1/08 and are subject to change without notice. Motorcycle loan rates, with automatic payment, begin as low as 7.74%APR for a term of up to 72 months, and are based upon credit worthiness. Based upon a 7.74%APR and a 72-month term, monthly payments would be $17.41 per $1,000 borrowed. In order to qualify for the .50% fuel-efficient rate discount, motorcycles or motor scooters must meet DMV guidelines. Rate discount may be combined with regular automatic payment, insurance and/or Relationship Rewards discounts, up to a maximum of .75%. All loans are subject to credit approval. Other restrictions and conditions may apply. Promotion ends 12/31/2008.
Unsecured
| Terms | Max. Amount Finance | APR1 Range | ||
| Up to 60 months | $25,000 | Starting at | 11.74% | 23.99% |
Lines of Credit
| Loan Type | Max. Amount Finance | APR1 Range | ||
| Money On Request (MOR) | $20,000 | Starting at | 10.74% | 22.99% |
| 1010 Police Dept(2) | $2,500 | Starting at | 12.00% | 14.00% |
(1) Annual Percentage Rate. APR Range is based on credit worthiness. Starting rate includes .25% rate discount for automatic payments. Additional rate discounts available (see Special Rate Discounts table below).
Sample Auto Loan Payment: 72 monthly payments of $16.57 per $1,000 borrowed at 5.99%.
Sample RV, Motocycle, Boat & Sports Craft Payment: 72 monthly payments of $17.41 per $1,000 borrowed at 7.74%.
(2) Starting rate for 1010 PD loan includes a 2.00% discount for automatic payment method.
Special Rate Discounts
MOR Lines of Credit, Auto Loans, Signature Loans & RV Loans can receive rate discounts for the following:| Discount Percentage | Products Purchased |
| .25% | Any 2 of the 3 products: MBI, GAP, Debt Cancellation |
| .50% | Purchase 3 products: MBI, GAP, Debt Cancellation |
| .25% | Choose the automatic payment method |
| .25% | Premier Advantage Member |
| .50% | Purchase qualifying fuel-efficient vehicles |
Maximum discount cannot exceed .75%
Rates stated are Annual Percentage Rates (APRs). APRs indicated are based upon credit worthiness of individual applicants. Rate discounts can include automatic payment method and MBI, GAP and/or Debt Cancellation insurance purchases for qualified loan products. Amount financed may include up to the percent indicated and may include tax, license & warranty.
Home Equity Line of Credit
| Terms | Min. Amount Finance | APR3 4 | |
| Traditional | |||
| up to 80% Loan-to-value | $10,000 | Starting at | 4.00% |
| up to 90% Loan-to-value | $10,000 | Starting at | 4.50% |
| over 90% Loan-to-value | $10,000 | Starting at | 4.75% |
| Interest Only | |||
| up to 80% Loan-to-value | $10,000 | Starting at | 4.50% |
| up to 90% Loan-to-value | $10,000 | Starting at | 5.00% |
| over 90% Loan-to-value | $10,000 | Starting at | 5.25% |
Wall Street Journal published rate: As of October 31, 2008, rate is 4.00%.
(3) Annual Percentage Rate. APR is based on credit worthiness and LTV (Loan-to-Value). An additional .25% rate discount may apply for members with a SDMCU First Deed of Trust. No automatic payment discount applies.
Rates effective November 1, 2008. This is a variable rate product. Your rate may be as low as the Prime Rate (as published in the Wall Street Journal). Your rate may be higher. Although your fully indexed rate is subject to change monthly. The Prime Rate may change at anytime. The maximum APR is 18%. Please consult your tax advisor for IRS guidelines on the deductibility of interest. Comprehensive fire and hazard insurance required. Property must be 1-4 units located in California. If the loan is closed within 2 years of origination, an early termination fee of $500 may be assessed. A reconveyance fee is charged when your line is closed and your balance is paid in full.
Share/Certificate Secured
| Loan Type | Terms | Min. Amt Finance | Desc. | Rate |
| Share/Savings Secured | Up to 120 months | $100.00 | Savings rate plus | 3.00% |
| Certificate Secured | Up to 60 months | $500 for Cert./$500 Liquid | Certificate rate plus | 3.00% |
*APR= Annual Percentage Rate. No product promo or auto pay discounts apply.
All loan rates and terms are subject to change without notice. All loans are subject to credit approval.
- Contact a Phone Representative for assistance 619.297.4835
Buy these approved fuel efficient vehicles & get a 1/2% rate discount on your vehicle loan!
Finance a motorcycle or scooter loan and receive a 1/2% rate discount! Ends 12/31/2008.
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