LOANS
WOMEN’S
Fixed LOAN RATES4 effective
since 10/7/11
Before you apply for a loan, find out whether the kind of loan you seek is among those we offer at this time. To review a summary of our rates & policies--and learn Helpful Information About Borrowing from Women's Southwest--scroll down. Please contact us with any questions you may have
When you are ready, click on: apply for a loan.
For a one-page, printable PDF file summary of our loan rates, click here.
To compute your monthly payments--with and without Payment Protection, PASTE the link below into your browser
or click on it: https://www.loanliner.com/ICE/presenter/default.asp?CuIdNr=04220585&
All rates are fixed
Annual Percentage Rates (APRs).
We offer
"risk-based" pricing and credit score plays a role in rates.
For a printable PDF file of our Risk-Based Pricing notice,
click
here. The loan information here is a summary
only; ask
for details. All
loans except Credit Builder, Share-Secured, and Incentive are subject
to credit approval. Rates,
terms, and conditions, are subject to change without
notice.
¨New
MOTOR VEHICLE PURCHASE
Loans to buy new cars; some demo cars; some cars with fewer than 10,000 miles; motorcycles; motor homes. Maximum loan on a motor home = $35,000. You may apply for 100%+ of the cost of the car; to reduce your chances of becoming “upside down,” borrow 90% or less of the Dealer Invoice price.
|
# of year |
If
Vehicle gets 15 or more Miles per Gallon |
If vehicle gets
fewer than 15 miles/gallon |
|
|
Up
to 100% of cost of the car |
100%
of Cost
of car + tax, title, and license |
100%
of
cost of car+ taxes, title, and license |
|
|
3 |
3.00-9.25% |
4.00-11.25% |
5.00-13.25% |
|
4 |
3.00-10.25% |
4.00-12.25% |
5.00-14.25% |
|
5 |
4.00-11.25% |
5.00-13.25% |
6.00-15.25% |
|
6 |
6.00-12.25% |
7.00-14.25% |
8.00-16.25% |
*72
months to pay on $15,000 & up. Otherwise
60 mos. maximum.
==========================================================
¨Used MOTOR
VEHICLES5 : Autos, Motor
Homes, & Motorcycles
– 2006-2010 models &
Classic
Cars**
Buy, refinance, or use a vehicle you own to back a loan with us for another purpose, such as buying a PC or paying
a
dentist. .
Take advantage of free used car values & car-buying coaching for members! Also, a free article on how to pay
less
for a car. Just ask. You
may apply for up to N.A.D.A. “average trade-in” value. (To
reduce your chances of your loan becoming “upside down,” borrow ≤
“rough trade-in”
value.)
| Is the vehicle Certified? |
yrs to repay loan |
Up
to N.A.D.A. average trade-in value |
N.A.D.A. average trade-in value + tax, title, &
license (purchases only) |
| Yes |
5* |
3.00%
to 13.00% |
4.00% to 15.00% |
| No |
4 |
5.00% to 15.00% | 6.00% to 17.00% |
*Maximum used vehicle term: 60 months if certified, 48 months if NOT certified.
If your loan is approved you’ll be required to submit an
inspection by a mechanic. Ask
for details.
**Classic cars: you may finance a classic car, refinance your classic car loan, or use your classic car as collateral
for
a loan if :
·
It is listed in National
Automobile Dealers’ Association (NADA) guide;
·
It is in good or excellent condition.
¨SHARE
CERTIFICATE-SECURED &
“INCENTIVE” LOANS
Incentive
loans carry an APR of 2.00% secured by a share certificate earning
0.00% Annual Percentage Yield (APY) (0.00% is NOT a typo.).
¨CREDIT-BUILDER/ESTATE
LOAN, SHARE
SAVINGS-BACKED
CREDIT CARDS 6
--Type II by your relative or friend’s savings.
--Credit-builder/Estate loans build savings, too.
All 3: no income verification, no credit check. Borrow up to 94% of amount on deposit. Or, have on deposit $106 for every $100 you want to borrow.
Up
to 180 months (15 years) to pay.@ APR:
6.00%.
¨
PERSONAL Loans and Regular Credit Cards6
Minimum monthly payment on credit cards is 5% of the balance. APRs
= 7.00% to
18.00%. (See, too, Savings-Backed Credit
Cards.)
|
$ Amount |
Maximum Term |
|
$ Amount |
Maximum Term |
|
$500 |
6 months |
|
$2,500 |
30
months |
|
$1,000 |
12 months |
|
$3,000 |
30
months |
|
$1,500 |
18 months |
|
$4,000 |
36
months |
|
$2,000 |
24 months |
|
$5,000 |
40
months |
HELPFUL
INFORMATION ABOUT BORROWING FROM WOMEN’S SOUTHWEST:
1. Pay less each month—and receive a lower
loan rate. Offer savings—or a motor vehicle—as collateral for your loan.
2. Minimum amount for all loans = $500.
3. Great service: borrowing $ to consolidate debts? We’ll send the checks to your credit card companies for you!
4. Rates available to members are “risk-based.” The rate our Credit Committee initially approves for you will depend on such factors as
the collateral you offer to back the loan, your credit score, & ratios of your debts to your income at the time you apply. If your
application is approved, the rate you pay will be the rate that is in effect for your “Grade” on the date that your loan is funded. Rates
listed above reflect the lowest to highest rates within all grades that we offered as of the effective date above. Rates, terms, and
conditions are subject to change without advance notice.
5. Title Transfer Processing Time Fee. If a dealer won’t handle the title transfer on the car, motor home, or motorcycle you offer
as
collateral for your loan, you will pay a fee for the extra time
it takes our
staff to process the paperwork: For
motor vehicles in California &
Texas, $25 + actual cost; for vehicles lin other states & DC 99+cost.
6. If you apply for a credit card, first check out our “Credit Card Disclosure"
7. Avoid being "Upside Down." Learn how to prevent this pitfall
when you finance cars, motor homes, etc.
8. Mortgage Loan Resources (we don't make mortgage loans)
Go to How to Apply for a WSFCU Loan Return to Home Page
© 1998 - 2011 California Feminist Fed'l Credit Union & Women's Southwest FCU