Loan Rates

Loan Type   Annual Percentage Rate*
Personal Line of Credit   8.50%-18.00%
VISA   8.50%-18.00%
Personal Loan up to 36 months 9.00%-18.00%
Persoanl Loan
over $5000
37-60 months 9.50%-18.00%
New and Used Auto
(up to 4 model years old)
1-48 months 1.89% to 11.50%
New and Used Auto
(up to 4 model years old)
49-60 months 2.25% to 13.50%
New and Used Auto
(up to 4 model years old)
61-72 months 2.75% to 14.00%
New and Used Auto
(up to 4 model years old)
over $40,000
73-84 months 3.50% to 15.00%
Used Auto
(5 to 8 model years old)
1-48 months 3.75% to 13.50%
Used Auto
(5 to 8 model years old)
over $30,000
49-60 months 4.00% to 15.50%
**Share Secured   Share rate plus 3.00%
**Certificate Secured   CD rate plus 3.00%
New and Used Boat Purchases/Refinances
up to $25,000
up to 60 months 5.50%-14.50%
New and Used Boat Purchases/Refinances
$25,000-$50,000
up to 72 months 6.25%-15.25%
New and Used Motorcycle up to 48 months 5.50%-14.50%
New Motorcycle up to 60 months 6.25%-15.25%
New and Used Recreational Vehicle Purchases/Refinances
up to $35,000
up to 72 months 6.25%-15.25%
New and Used Recreational Vehicle Purchases/Refinances
$35,001-$50,000
84 months 6.75%-15.75%
New and Used Recreational Vehicle Purchases/Refinances
$50,001-$75,000
120 months 7.00%-16.00%
New and Used Recreational Vehicle Purchases/Refinances
over $75,000
180 months 7.25%-16.25%

Effective 01/01/2017

*Loan rates and amounts are based on the individual applicant's credit worthiness.

**VARIABLE RATE-the interest rate and/or term may change if the share rate or certificate rate changes.

These rates are current as of the date listed above and are subject to change without notice. These interest rates are for qualified FAMU FCU members only. These rates are provided for information only and are not intended to be a full disclosure. Please contact us for more details.

FEES AND CHARGES: If you give us a security interest in certain types of property, we may charge you a filing fee to perfect our interest in the property. If so, the amount of the fee will be disclosed to you at the time you obtain an advance. We may also charge you other fees in connection with the LoanLiner Plan. Those fees will be disclosed at the time of the advance and will be added to your loan balance unless you pay them in cash.

LATE CHARGES: In addition to the continued accrual of the FINANCE CHARGE at the Daily Periodic Rate, if you fail to pay, at least, the minimum payment on any loan sub-account within 10 days after it is due, the Credit Union may assess a late charge equal to 10% of the payment due; with a maximum of $30.00.

VISA credit cards are subject to a $25.00 late fee.

COLLECTION COSTS: You promise to pay all costs of collecting the amount you owe under this agreement, including court costs and reasonable attorney fees.

ADDITIONAL SECURITY: All share balances that you have with the Credit Union are subject to lien by the Credit Union whether specifically pledged or not. If you default on any loan advanced under the plan, the Credit Union shall be entitled to apply shares to any amount of charges then due under the Plan.