Loans

  2.99% APR on Vehicle Loans*

          Looking to purchase a NEW or USED vehicle?  Have a vehicle loan somewhere other than NWMRCU?  We’d like to lower your rate and save you money!  

     Payment example: 62 monthly payments of $17.43 for each $1,000 borrowed. Term of loan based on year of vehicle for borrowers with credit score of 675 and above.  Not valid on existing NWMRCU loans. *Terms and conditions apply.  

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4.49% APR on Recreational Loans*

Boats, Motorcycles, RVs, and ATVs! Let the adventures begin!

     Payment example: 62 monthly payments of $18.10 for each $1,000 borrowed. Term of loan based on year of vehicle for borrowers with credit score of 675 and above.  Not valid on existing NWMRCU loans. *Terms and conditions apply.  

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Quoted a BETTER Interest Rate or Term on Vehicle Loan?!*

We will MATCH it!

     Requires a credit score of 675 or higher along with proof of the lower rate and/or term offered from the other financial institution. *Terms and conditions apply.

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Loan Application:   Print both Page 1 & Page 2*

*Child support, alimony, or separate maintenance payments need not be revealed, unless applicant wants the information included.

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Helping Hands Loan Application: Print both Page 1 & Page 2*

 $500 loan for 90 days at 25%APR interest, payment example of $173.72.  A $25 application fee does apply.

    *Child support, alimony, or separate maintenance payments need not be revealed, unless applicant wants the information included.

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Credit Union Loan Vs. Dealership Loan Calculator

Look up a vehicle value at NADA.com.

          In the interest of better assisting our members with their financial needs, Northwest Missouri Regional Credit Union offers several loans and a loan rate structure based on your credit score***.

  • New auto loans as low as 4.49% APR with up to 100% financing
  • Unsecured loans ranging from $500 to $5,000 with terms for 90 days to 42 months based on the payment that best fits your budget
  • Loans for vintage automobiles (over 34 years old)
  • Term unsecured loans up to $5,000 for 6 months
  • We still offer share-secured, used vehicle, boats, RVs motorcycle and trailer loans as well as checking account overdraft protection loans.

 *** Rates for this product are as low as stated. Rate is based on an evaluation of applicant credit.  Rate is also based on the selected term and loan to value for vehicle loans. An evaluation of applicant credit determines the total amount financed, term and whether MSRP or Factory Invoice is used for new vehicle values. Values are determined from either MSRP or Factory Invoice for new vehicles and NADA book value for used vehicles. Your rate and total amount financed may vary from the stated rate and maximum financing.

 Loan Rates

January 1, 2017

Loan Account Type Allowable Term** Annual Percentage Rate** Base Rate(APR)
Shares Secured (60) 62 mo. 3% above last dividend paid
Credit Builder, $1,000 (61) 12 mo. 18%
New Autos 100% Financed *** (70, 81) Up to 74 mo. 4.49% to 13.99% 5.99%
Used Autos, 2014-2016 (80, 81) 62 mo. 5.49% to 14.99% 6.99%
Used Autos, 2013 (80, 81) 50 mo. 5.74% to 15.24% 7.24%
loan over $10,000 56 mo. 6.00% to 15.50% 7.5%
Used Autos, 2009-2012 (80, 81) 44 mo. 6.25% to 15.75% 7.75%
loan over $10,000 50 mo. 6.50% to 16.00% 8.00%
Used Autos, 2008-2002 (80, 81) 38 mo. 9.50% to 19.00% 11.00%
Used Autos, 2001 & older (80, 81) 32 mo. 12.25% to 21.75% 13.75%
Young Adult Auto Loan (80) 60 mo. *Based on co-signer, see above rates* *see above*
Vintage Auto’s (80, 81) 1982 & older*
$0 – $5,000 26 mo. 5.49% to 14.99% 6.99%
$5,001 – $7,500 38 mo. 5.49% to 14.99% 6.99%
$7,501 – $12,500 50 mo. 5.49% to 14.99% 6.99%
$12,501 & above 62 mo. 5.49% to 14.99% 6.99%
Other Secured (10) 44 mo. 9.25% to 18.75% 10.75%
Signature Loan (up to $5000) (90) (A – E) 44 mo. 12.00% to 21.50% 13.50%
Unsecured(92) (A – C)
$500 to $1,000 14 mo. 7.00% to 16.50% 8.50%
$1001 to $3,000 20 mo. 7.00% to 16.50% 8.50%
$3001 to $5,000 26 mo. 7.00% to 16.50% 8.50%
Term Signature (max $5000) (90) 6 mo. 12.00% to 21.50% 13.50%
Helping Hands $500 (93) 90 days 25% None
New Motorcycles, ATV’s, Snowmobiles, Personal Watercraft, Trailers (85% Financed of purchase price) (30, 51) 62 mo. 6.25% to 15.75% 7.75%
Used Motorcycles, ATV’s Snowmobiles, Personal Watercraft, Trailers (85% Financed of purchase price) (31, 51) 50 mo. 7.25% to 16.75% 8.75%
New RVs and Campers (85% Financed of purchase price) (40, 51) 74 mo. 6.25% to 15.75% 7.75%
loan over $20,000 122 mo. 6.25% to 15.75% 7.75%
Used RVs and Campers (85% Financed of purchase price) (41, 51) 74 mo. 7.25% to 16.75% 8.75%
loan over $20,000 122 mo. 7.25% to 16.75% 8.75%
New Boats (85% Financed of purchase price) (20, 51) 74 mo. 6.25% to 15.75% 7.75%
Used Boats (80% purchase price) (21, 51) 62 mo. 7.25% to 16.75% 8.75%

*Vintage Auto’s – 85% Market Value by current NADA per Appropriate Vehicle Condition Scale.
**Your term and annual percentage rate may vary depending on your credit worthiness. Please ask a loan officer for details regarding how your rate is determined.
***Conditions Apply for 100% Financing.

National Credit Union Administration