Loan Policy and Rates

*APR = Annual Percentage Rate

Comprehensive and Collision insurance with a maximum deductible of $1000 is required on all collateral.

**Neither SJPECU nor its staff are tax advisors and therefore recommend you discuss your eligibility for any tax deductions with a tax professional. “Enhancement” is only available to borrowers that own their primary residence. Examples are based on a borrower with a combined federal and state tax rate of 33% tax bracket.

All signers on the loan note must be entered as co-signers when loan is funded.

Automobile New and Used Rates

Amount Term APR* Enhanced Loan APR**
$1,000 to $100,000 60 Month 2.50% 1.68%
$10,000 to $100,000 72 Month 2.50% 1.68%
$20,000 to $100,000 84 Month 3.75% 2.51%
  • New and Used Auto Purchase: 120% of manufacturer’s suggested retail price (M.S.R.P.), appraisal or Kelley Blue Book retail.
  • Used Auto Refinance – No Cash Out: 115% of Kelley Blue Book retail or appraisal.
  • Used Auto Refinance – With Cash Out: 100% of Kelley Blue Book lending value.

RV Motorcycle and Boat New and Used

Amount Term APR* Enhanced Loan APR**
$1,000 to $100,000 60 Month 3.75% 2.51%
$10,000 to $100,000 72 Month 3.75% 2.51%
$20,000 to $100,000 84 Month 4.50% 3.02%
$30,000 to $100,000 120 Month 5.50% 3.69%
$40,000 to $100,000 144 Month 6.50% 4.36%
$50,000 to $100,000 180 Month 7.50% 5.03%
  • New and Used RV, Boat and Motorcycle Purchase: 120% of M.S.R.P. or NADA average retail (no options) or appraisal.
  • Used RV, Boat and Motorcycle Refinance – No Cash Out: 115% of NADA average retail (no options) or appraisal.
  • Used RV, Boat and Motorcycle Refinance – With Cash Out: 100% of NADA low retail (no options) or appraisal.

Pledge of Shares

TERM APR* Enhanced Loan APR**
60 Month 2.25% 1.51%
84 Month 3.50% 2.35%
120 Month 4.75% 3.18%

 

Signature Loans

Amount Term APR* Enhanced Loan APR**
$1,000 to $30,000 24 Month 5.50% 3.69%
$1,000 to $30,000 36 Month 6.50% 4.36%
$1,000 to $30,000 60 Month 8.00% 5.36%
$1,000 to $30,000 84 Month 9.50% 6.37%
  • Signature Loan – $30,000 maximum.

Consolidated Loan

Amount Term APR* Enhanced Loan APR**
$1,000 to $100,000 84 Month 9.50% 6.37%
  • Consolidated Loans are a combination of signature and any of the above categories.

One-Pay Loan

Amount Term APR* Enhanced Loan APR**
$1,000 to $100,000 30 TO 180 Day 16.25% 10.89%
  • One-Pay Loan: There will be a minimum charge of one (1) month interest on payoff of all one-pay loans.
  • One-pay loans can be extended only twice (share secured are excluded unless the interest rate is lower than the current rate).

Energy Efficiency Loan

Amount Term APR* Enhanced Loan APR**
$1,000 to $30,000 120 Month 7.00% 4.69%