Loan Rates
Loan Rates Effective October 1, 2024
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 in the form of lower loan rates and higher dividend rates.
| Loan Type | APR (with discount) as low † | APR As low as* |
|---|---|---|
| up to 36 months | 5.99% | 6.24% |
| up to 48 months | 5.99% | 6.24% |
| up to 60 months | 5.99% | 6.24% |
| up to 72 months | 6.24% | 6.49% |
| up to 84 months | 6.99% | 7.24% |
*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 $19.69 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 | 6.24% | 6.49% |
| up to 48 months | 6.24% | 6.49% |
| up to 60 months | 6.74% | 6.99% |
| up to 72 months | 6.99% | 7.24% |
*APR is Annual Percentage Rate. Estimated monthly payment of $19.81 per $1,000 borrowed at 6.99% APR for new vehicles up to 60 months. Alternative rates, terms and conditions may apply depending on applicant’s credit qualifications. Rates are subject to change without notice. Vehicles 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 | 13.95% |
| 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. | ||
| Loan Type | 5yr Fixed | 7yr Fixed | |
|---|---|---|---|
| Home Loan above $766K to $1.1 million | 80% LTV | Call Us! | Call Us! |
| Home Loan up to $766K | 80% LTV | Call Us! | Call Us! |
| Home Loan up to $766K | 90% LTV First Time Buyer Only | Call Us! | Call Us! |
| Home Equity Line of Credit Up to $360K | 75% LTV | Call Us! | Call Us! |
FIRST TIME HOME BUYERS: NO PRIVATE MORTGAGE INSURANCE REQUIRED.
Call us for our lowest home loan rates at (800) 404-5137.
