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Loans Rates Effective As Of 2/6/2013
Loan rates are with qualifying credit and subject to change without notice. For first mortgage rates, please contact our mortgage loan officer at 515-283-4195. APR=Annual Percentage Rate
Apply for a loan now with DMMCU.
| New & Used Vehicle (2013-2011) |
APR
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1-63 months
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1.99%* |
| 69 months |
2.24%** |
| 75 months |
2.74%*** |
Payment example: $17.53 per month for every $1,000 borrowed at 1.99%APR for a 60-month term.
*Reflects a .25% discount for members with a DMMCU checking account.**Reflects a .25% discount for members with a DMMCU share draft checking account. Vehicle year must be 2011 or newer with a loan balance of $15,000 or greater. Also requires 10% down.***Reflects a .25% discount for members with a DMMCU checking account. Vehicle year must be 2012 or newer with a loan balance of $25,000 or greater. Also requires 10% down or 90% of NADA retail.
| New & Used Vehicle (2010-2007) |
APR
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1-63 months
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3.99% |
Payment example: $18.42 per month for every $1,000 borrowed at 3.99%APR for a 60-month term.
| New & Used Vehicle (2006 and older) |
APR
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24 months
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5.75% |
| 36 months |
5.95% |
| 48 months |
6.15% |
Payment example: $23.56 per month for every $1,000 borrowed at 6.15%APR for a 48-month term.
| No-Collateral Loan |
APR
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12 months
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10.99% |
| 24 months |
11.99% |
| 36 months |
12.99% |
| 48 months |
13.99% |
Payment example: $27.34 per month for every $1,000 borrowed at 13.99%APR for a 48-month term.
| Share-Secured Loan |
APR
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12 months
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3.00% |
Payment example: $84.69 per month for every $1,000 borrowed at 3.00%APR for a 12-month term.
| Fixed Rate Home Equity |
APR
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0-60 months
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4.49% |
Payment example: $18.64 per month for every $1,000 borrowed at 4.49%APR for a 60-month term.
| Fixed Rate Home Equity Balloon |
APR
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36 months
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3.99% |
3-year balloon, fixed-rate home equity loan with maximum amortization period of 25 years. Payment example: 35 payments of $295.16 and final payment of $294.83 based on a $10,000 balance and 36-month term.
| Variable Rate Home Equity |
APR
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180 months
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4.50% |
The home equity rate, calculated every Jan. 1 and July 1., is based on the previous 6-month average of the 6-month T-Bill Auction Rate, plus an additional 3 percentage points with a minimum rate of 4.50% and a maximum rate of 13%.
| Interest Rates & Interest Charges For MasterCard |
APR
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Annual Percentage Rate (APR) for Purchases, Cash Advances, & Balance Transfers
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9.90% Platinum 11.50% Gold 13.50% Regular 13.50% Youth |
| How to Avoid Paying Interest on Purchases |
Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
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| For Credit Card Tips from the Federal Reserve |
To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at: http://www.federalreserve.gov/creditcard.
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