Loan Rates

Loans Rates Effective As Of 1/1/2018.  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.

Apply for a loan now with DMMCU.

New & Used Vehicle

APR=Annual Percentage Rate

New & Used Vehicle (2018-2015)
Term APR
1 – 63 months 2.84%
69 months 3.09%*
75 months 3.44%**

Payment example: $17.90 per month for every $1,000 borrowed at 2.84%  APR for a 60-month term.

*Vehicle year must be 2016 or newer with a loan balance of $15,000 or greater. May also require 10% down.
** Vehicle year must be 2017 or newer with a loan balance of $25,000 or greater. May also require 10% down or 90% of NADA retail.

 

New & Used Vehicle (2014-2010)
Term APR
1 – 63 months 4.24%

Payment example: $18.53 per month for every $1,000 borrowed at 4.24%APR for a 60-month term.

 

New & Used Vehicle (2009 and older)
Term APR
24 months 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.

 

New & Used Motorcycles/ATVs (2018-2015)
Term APR
1-63 months 3.74%
69 months 3.99%*

Payment example: $18.30 per month for every $1,000 borrowed at 3.74% APR for a 60-month term.

*Minimum loan amount of $15,000, 10% down required for 66-month financing.

 

New & Used Motorcycles/ATVs (2014-2009)
Term APR
1-48 months 4.99%

Payment example: $23.03 per month for every $1,000 borrowed at 4.99% APR for a 48-month term.

No Collateral Loans

APR=Annual Percentage Rate

No-Collateral Loan
Term APR
12 months 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

APR=Annual Percentage Rate

Share-Secured Loan
Term APR
12 months 3.00%

Payment example: $84.69 per month for every $1,000 borrowed at 3.00% APR for a 12-month term.

Home Equity

APR=Annual Percentage Rate

Fixed Rate Home Equity
Term APR
0 – 63 months 4.49%
64-87 months 4.75%
88-123 months 4.99%

Payment example: $10.41 per month for every $1,000 borrowed at 4.99% APR for a 123-month term.

 

Fixed Rate Home Equity Balloon
Term APR
64 months 4.74%

64-month balloon, fixed-rate home equity loan with maximum amortization period of 25 years. Payment example: 63 payments of $177.11 and final payment of $353.48 based on a $10,000 balance and 64-month term.

 

Variable Rate Home Equity
Term APR
180 months 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%.

[tab title=”MasterCard®”]

APR=Annual Percentage Rate

Interest Rates & Interest Charges for MasterCard®
Property Description
Annual percentage rate (APR) for purchases, cash advances and balance transfers 9.90% Platinum
11.50% Gold
13.50% Regular
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.
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