rates
| TYPE |
A SCORE 699 + |
B SCORE 698 TO 649 |
C SCORE 648 TO 601 |
D SCORE 600 OR LESS |
| SHARE SECURED |
3.25 |
3.25 |
3.25 |
3.25 |
|
|
|
|
|
| NEW VEHICLE |
|
|
|
|
| 24 MONTHS |
4.25 |
4.5 |
5.5 |
9.5 |
| 36 MONTHS |
4.5 |
4.75 |
6.5 |
10.5 |
| 48 MONTHS |
5.25 |
5.5 |
7.5 |
11.5 |
| 60 MONTHS |
5.5 |
6 |
8.5 |
13 |
| 72 MONTHS |
5.75 |
6.5 |
9.5 |
14.5 |
|
|
|
|
|
| USED VEHICLE |
|
|
|
|
| 24 MONTHS |
5.25 |
6.5 |
8.25 |
9.5 |
| 36 MONTHS |
5.75 |
6.75 |
9.75 |
11.75 |
| 48 MONTHS |
6 |
7 |
11 |
13 |
| 60 MONTHS |
6.75 |
7.75 |
12.75 |
13 |
| 72 MONTHS |
7.75 |
8.75 |
13 |
14 |
|
|
|
|
|
| RVS BOATS ATV TRLR |
|
|
|
|
| 24 MONTHS |
5.95 |
6.95 |
7.95 |
9.5 |
| 36 MONTHS |
6.95 |
7.95 |
8.95 |
11.75 |
| 48 MONTHS |
7.95 |
8.95 |
9.95 |
13.75 |
| 60 MONTHS |
8.95 |
9.95 |
10.95 |
14.75 |
| 72 MONTHS |
|
|
|
|
|
|
|
|
|
| UNSECURED |
|
|
|
|
| 12 MONTHS |
9 |
10 |
11 |
13 |
| 24 MONTHS |
9 |
10 |
11 |
13.5 |
| 36 MONTHS |
10 |
11 |
12 |
14 |
All rates listed are Annual Percentage Rates (APR).
Effective November 1st 2013 the United Credit Union will be implementing Risk-Based Lending which involves a tiered pricing structure that assigns loan rates based upon an individual's credit risk. The Credit scores used in processing Risk-Based Lending is developed by the Fair Isaac Company (FICO). The basic concept of Risk-Based Lending is that the rate charged to an individual borrower is commensurate with the risk associated with that that borrower. Credit Scoring and meeting the required Debt Ratio will determine the loan decision and the initial rate to the borrower. The chart above illustrates the rate in relation to the FICO score.
| TYPE | A SCORE 699 + | B SCORE 698 TO 649 | C SCORE 648 TO 601 | D SCORE 600 OR LESS |
| CATTLE PURCHASE |
| | | |
| 12 MONTHS | 6.25 | 7 | 7.75 | 8.5 |
| 24 MONTHS | 6.25 | 7 | 7.75 | 8.5 |
| 36 MONTHS | 7.75 | 8.5 | 9.5 | 12 |
| 48 MONTHS | | | | |
| 60 MONTHS | | | | |
| | | | |
| BREEDING CATTLE |
| | | |
| 12 MONTHS | 6.25 | 7 | 7.75 | 8.5 |
| 24 MONTHS | 6.25 | 7 | 7.75 | 8.5 |
| 36 MONTHS | 7.75 | 8.5 | 9.5 | 12 |
| 48 MONTHS | | | | |
| 60 MONTHS | | | | |
| | | | |
| AG IMPLEMENT PURCH |
| | | |
| 12 MONTHS | 5 | 5.75 | 6.75 | 8.75 |
| 24 MONTHS | 5 | 5.75 | 6.75 | 8.75 |
| 36 MONTHS | 6 | 6.75 | 7.75 | 10.5 |
| 48 MONTHS | | | | |
| 60 MONTHS | | | | |
