Loan Rates

Rates effective November 30, 2021

SCCCU is committed to helping you get the loan you need. The rates listed below are annual percentage rates and are a guide used to make loans.
 
AUTO LOAN BICYCLE LOAN
SOLAR LOAN PERSONAL LOAN
ENERGY SAVINGS LOAN RV/BOAT LOAN
SECURED LOANS LIFT LOAN
Auto Loan
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FICO Range 54 Months 66 Months 75 Months* 84 Months** LTV +
730+ 2.74% 3.24% 3.74% 3.99% 120%
700-729 3.24% 3.99% 4.49% 4.74% 115%
675-699 3.74% 4.49% 4.99% 5.24% 110%
650-674 4.74% 5.49% 5.99% 6.24% 110%
625-649 6.74% 6.99% 7.49% 7.74% 105%
600-624 8.74% 8.99% 12.49% - 105%
575-599 10.74% 11.49% - - 100%
499-574 17.99% 18.99% - - 90%

Used Auto Loan Rates: add .50% to the stated rate above for vehicles 5+ years old and 1% for vehicles 10+ years old or 100,000 miles or more.  Motorcycle Loans: add 1% to stated rates above. *Minimum loan amount of $15,000 required and not available to all credit types. **Minimum loan amount of $25,000 required and not available to all credit types.  +LTV = Loan to Value. Up to 120% financing of Manufacturer’s Suggested Retail Price (MSRP) or Retail Kelly Blue Book (RKBB) including applicable sales taxes, insurance and any other associated loan products.  Auto Loan Payment Example: 54 monthly payments of $19.71 for every $1,000 borrowed at 2.74%.

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Solar Loan
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FICO Range 60 Months 180 Months
740+ 6.00% 6.50%
700-739 7.00% 7.00%
655-699 8.00% 8.00%

First 12 months interest-only for 180-month term. Remaining payments are amortized over rest of term. Property Lien required and home must not be under a Trust. $250 loan fee required. Maximum credit amount is $50,000.

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Energy Savings Loan
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FICO Range 60 Months
740+ 5.75%
700-739 6.00%
655-699 6.99%

Maximum loan amount of $10,000 and maximum term of 60 months. Use only for energy-efficient needs, such as appliances and windows.

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RV/Boat Loan
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FICO Range Up to 120 Months LTV
740+ 7.99% 100%
700-739 8.24% 100%
655-699 10.24% 100%

Up to 100% financing available on new model years. Minimum loan amount of $40,000 for 120 months and maximum loan amount of $80,000, excluding tax & license. Must use NADA retail value.

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Bicycle Loan
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FICO Range 12-36 Months 48 Months LTV  Max Loan 
730+ 5.75% 6.75% 115% $7,500
700-729 5.99% 7.99% 115% $7,500
675-699 6.99% 8.99% 110% $7,500
650-674 7.99% 9.99% 110% $7,500
625-649 9.99% 11.99% 100% $5,000
600-624 11.99% N/A 100% $4,000
575-599 13.99% N/A 100% $3,000

Minimum loan amount is $500. May include accessories in financing. 

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Personal Loan
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FICO Range 36 Months 48 Months
740+ 9.99% 9.99%
700-739 10.99% 10.99%
655-699 12.99% 12.99%
625-654 14.99% -
570-624 16.99% -

Maximum loan amount is $25,000.

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Secured Loans
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Type Rate
Savings-Secured Savings Rate + 3.00%*
Share Certificate-Secured Share Certificate Rate + 3.00%*

No term for savings-secured loan. Share certificate-secured loan must be repaid before the share certificate matures. *Maximum term of 60 months.

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LIFT Loan
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Loan Amount Rate Fee Term
Up to $500 0% $35 3 months
$1,000 0% $60 6 months
$2,500 18.99% $0 12 months

A $10 fee refund will be credited to your SCCCU checking or savings account when the loan has been repaid if you use direct deposit or complete our online budgeting course. No prepayment penalty. One loan per member at any time. Representative LIFT Loan payment example: 12 monthly payments of $92.15 for every $1,000 borrowed at 18.99%.

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