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Somerset Federal Credit Union

Loan Rates

New and Used Auto

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed for 12 months
12 months to 72 months3.25%$84.81

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Rate based on Credit Score.

72 month term available only on 2016 and 2017 models.

Add 1% to the rate if financing 100%.

*APR is Annual Percentage Rate.

Boat and RV

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed for 12 months
12 months to 60 months6.50%$86.30

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Rate based on Credit Score.

20% downpayment required.

$40,000 maximum loan amount.

*APR is Annual Percentage Rate.

Motorcycle

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed for 12 months
12 months to 60 months5.50%$85.84

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Rate based on Credit Score.

20% downpayment required.

*APR is Annual Percentage Rate.

Personal Loan

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed
12 months6.25%$86.18
24 months6.25%$44.43
36 months6.25%$30.54
48 months6.50%$23.71
60 months6.50%$19.57

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Rate based on Credit Score.

*APR is Annual Percentage Rate.

Passbook Loans

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed
12 Months3.50%$84.92

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*APR is Annual Percentage Rate.

Home Alternative Energy

Effective Date: Tuesday, April 24, 2018

TermAPR* as low asMonthly Payment per $1,000 borrowed
12 Months4.25%$85.26

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Call for additional terms and rates.

Monthly payment per $1,000 borrowed depends upon rate and term selected.

*APR is Annual Percentage Rate.

Bill Consolidation

Effective Date: Tuesday, April 24, 2018

TermPay with Direct PaymentPay without Direct Payment
6 to 36 months9.75%10.00%
42 to 60 months11.25%11.50%

Rates apply to bill consolidation loans greater than $10,000.00