Loan Rates

Loan Rates Effective February 26, 2024

Loan_Rates
Higher Deposit Rates, Lower Loan Rates
Because POLAM’s focus is serving member’s financial needs and not making a profit, any profit made after operating expenses is returned to the member. This is why we can offer you lower loan rates and higher deposit rates compared to banks that operate for profit.

  • Loan Type APR (with discount) as low as†  APR As low as*
    up to 36 months 5.99% 6.24%
    up to 48 months 6.49% 6.74%
    up to 60 months 6.74% 6.99%
    up to 72 months 6.99% 7.24%
    up to 84 months 7.49% 7.74%

    *APR is Annual Percentage Rate
    Lowest rate is the preferred rate with a FICO score of 700 & higher. For example a 6.74% APR for new vehicles up to 60 months at a monthly payment of approximately $20 per $1,000 borrowed.  Alternative rates, terms and conditions may apply depending on applicant’s credit qualifications.  Rates are subject to change without notice. No multiple discounts may be applied to these rates. All loans subject to credit approval. Offer for a limited time only. Restrictions apply. For more information call (800) 404-5137.
    †APR is Annual Percentage Rate. New and used auto loans funded as of October 1, 2023 are eligible for an additional .25% discount on auto loans as long as you have direct deposit to your POLAM FCU account with a minimum direct deposit of $1000 per month. Subject to change at any time. Cannot be combined with any other offers or promotions.



  • Loan Type  APR (with discount) as low as†  APR As low as*
    up to 36 months 6.49% 6.74%
    up to 48 months 6.74% 6.99%
    up to 60 months 6.99% 7.24%
    up to 72 months 7.24% 7.49%

    *APR is Annual Percentage Rate
    Estimated monthly payment of $20 per $1,000 borrowed at 6.99% APR for 60 months.  Alternative rates, terms and conditions may apply depending on applicant’s credit qualifications.  Rates are subject to change without notice. Autos older than 7 years are subject to additional 1% APR.  No multiple discounts may be applied to these rates. All loans subject to credit approval. Restrictions apply. For more information call (800) 404-5137.
    †APR is Annual Percentage Rate. New and used auto loans funded as of October 1, 2023 are eligible for an additional .25% discount on auto loans as long as you have direct deposit to your POLAM FCU account with a minimum direct deposit of $1000 per month. Subject to change at any time. Cannot be combined with any other offers or promotions.

  • Loan Type Terms APR As low as*
    Personal Loan Up to $25,000 up to 60 months 12.95%
    Savings Certificate Secured Loan up to 60 months 2-3% above Share Certificate Rate

    *APR is Annual Percentage Rate
    Estimated monthly payment of $33.67 per $1,000 borrowed at 12.95% APR for 36 months.  Alternative rates, terms and conditions may apply depending on applicant’s credit qualifications.  Rates are subject to change without notice. No additional discounts may be applied to these rates. All loans subject to credit approval. Restrictions apply. For more information call (800) 404-5137.

  • Loan Type Terms APR As low as*
    POLAM Visa Card *No Annual Fee*

    Click here to view our VISA terms and agreement.

    up to $10,000

    9.98%

    POLAM Visa Preferred *No Annual Fee*

    Click here to view our VISA terms and agreement.

    up to $25,000

    7.98%

     

    FOR ADDITIONAL DETAILS CLICK HERE  OR CALL (800) 404-5137

    *APR is Annual Percentage Rate. Preferred rate is with a FICO score of 720 or above.  Alternative rates, terms and conditions may apply depending on applicant’s credit qualifications. Rates and terms subject to change without notice. All loans subject to credit approval. No additional discounts may be applied to these rates. No Annual Fees.

  • FIRST TIME HOME BUYERS:  same lower rate with 10% down as with 20% down
    and NO PRIVATE MORTGAGE INSURANCE REQUIRED.
    Call us for our lowest home loan rates at (800) 404-5137

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