Loan Rates :: Rates and Calculators :: School Employees Credit Union of Washington

Loan Rates

Consumer loans

Rates shown below assume repayment by direct deposit or payroll deduction and include a .50% discount. Add .50% for other repayment methods. Some loans show a range of APRs offered. Your rate and the financing terms for which you qualify will be determined by your credit history.

We charge no loan fees. However, some loans may require title transfers, title reports, and appraisals with fees that are beyond our control.

Auto & Motorcycle Loans

APR	Terms
New & Used Car - 80% financing
4.49% - 9.99%	Up to $20,000, 66 months
4.49% - 9.99%	$20,001 and over, 72 months
5.24% - 8.24%	$25,000 and over, 73-84 months
New & Used Car* - 100% financing
4.99% - 10.49%	Up to $20,000, 66 months
4.99% - 10.49%	$20,001 and over, 72 months
5.74% - 8.74%	$25,000 and over, 73-84 months
New & Used Motorcycle** - 100% financing
4.99% - 10.49%	Up to 66 months
New & Used Hybrid Vehicle

Deduct an extra 1/2% off the New & Used Car rates above. Please call us to see if the vehicle
you're interested in qualifies for the hybrid discount.

* Including tax and license and up to $1,000 extra. Although the credit union charges no fees for auto loans, fees charged by third parties (including other financial institutions or agencies like the Department of Licensing) may apply. Loan example, on a $20,000 loan at 5.24% APR, you would make 48 monthly payments of $462.76. Some restrictions apply on refinances. Rates are subject to change and apply to new loans only.

** Including tax and license, warranty, gap insurance, and up to $1,000 extra. Although the credit union charges no fees for motorcycle loans, fees charged by third parties (including other financial institutions or agencies like the Department of Licensing) may apply. Loan example, on a $15,000 loan at 4.99% APR, you would make 66 monthly payments of $260.35. Rates are subject to change and apply to new loans only.

Home Equity Loans

APR	Terms
Fixed-Rate Home Equity Loan(1)
5.99%	Up to 85% of primary residence value*
6.99%	Over 85% - 100% of primary residence value*
5.99%	75% of value for a vacation home, up to 180 months
Homeowner(2)
8.74%	Up to $10,000, 60 months, no equity required

(1) Available on your primary or vacation residence in Washington. Minimum amount $5,000. School Employees Credit Union of Washington requires a drive-by appraisal for loans between $50,000 and $100,000. A full appraisal usually isn't needed.

* less current mortgage, up to 180 months

(Also see EquityLine home equity line of credit)

(2) Available on your primary residence in Washington. Minimum amount $2,500. Appraisal not needed.

RV/Boat and Leisure Vehicle Loans

APR	Terms
New & Used RV & Boat*
4.99% - 10.49%	80% financing
	Up to $7,500: 66 months
	$7,501 and over: up to 120 months
5.49% - 10.99%	100% financing
	Up to $7,500: 66 months
	$7,501 and over: up to 120 months
Leisure Craft & Vehicle**
8.74% - 14.24%	Up to $15,000, 48 months
8.74% - 14.24%	$15,001 and over, 60 months

*including tax and license and up to $1,000 extra
**100% financing including tax and license

Personal Loans

APR	Terms
Savings Secured (may be used for any purpose)
4.24%	Up to 60 months
School Employee* (employment restrictions apply**)
4.25% - 9.00%	Up to $5,000, 48 months
Graduate Education (usage restrictions apply***)
6.00% - 9.75%	Up to $15,000, 60 months
Collegian* (immediate family member may co-sign)
7.49%	Up to $2,500, 36 months
Personal(1)
10.99% - 15.74%	Up to $5,000, 36 months
10.99% - 15.74%	$5,001-$10,000, 48 months
Choices(2)*
7.49%	$200-$500, 12 months
7.49%	$501-$1,000, 15 months

(1) May be used for a variety of needs. Loan amounts can be up to $5,000 per individual or up to $10,000 per marital community.

(2) Teens can qualify if they have a source of income, have been a Choices account holder in good standing for 90 days, and have a parent or guardian who will co-sign.

*.50% percent discount for direct deposit or payroll deduction is not available for these loans.

**Available to current school, public library and museum employees only.

***Available to school employees who are pursuing an advanced degree in education. Please provide a copy of your admissions letter.

Lines of Credit

APR	Terms
Visa® Credit Cards*
7.65% - 9.65%	Up to $20,000(1)
7.90% - 9.90%	Up to $20,000(2)
Visa® Choices Credit Card (teens)
9.65%	Up to $500(1)
9.90%	Up to $500(2)
Overdraft Protection(3)
10.00%	Up to $1,500 maximum credit limit
EquityLine**
5.69% variable rate	Up to 80% of primary residence value(4)

(1) maximum credit limit and using AutoPay
(2) maximum credit limit and using a payment method other than AutoPay
(3) Variable-rate personal line of credit, which is subject to change. Minimum monthly payment is 3% of outstanding balance or $25, whichever is greater. May be used in increments of $100. Interest begins to accrue immediately.
(4) less any current liens. Loan amount from $10,000 to $150,000.

* Minimum monthly payment for all credit card types is 2% of the outstanding balance or $25, whichever is greater. The APR for which you may qualify is based on your credit qualifications.
** EquityLine's rate is adjusted four times a year by adding 3% to the 11th District Cost of Funds Index as reported at the end of the preceding quarter. EquityLine isn't eligible for our usual
one-half percent discount on loans repaid by direct deposit or payroll deduction. You may opt for interest-only payments for the first 10 years of your EquityLine and, pending approval, extend your draw period to 15 years. After your draw period ends, the line of credit converts to a loan in which you repay both principal and interest (with no further draws) for up to 15 years. The maximum APR that may apply over the life of the loan is 18.00%. Third party and credit union fees are estimated to be $0.00. Please consult your tax adviser for details on potential deductibility.

(Also see Fixed-Rate Home Equity Loan)