|36 months||48 months||60 months||72 months||84 Months|
|NEW CAR LOANS||1.99%||1.99%||2.49%||2.99%||3.49%|
|USED CAR LOANS||1.99%||1.99%||2.49%|
|SHARE SECURED LOANS||1.99%||1.99%||1.99%|
|5 year||7 year||10 Year||15 Year|
|HOME EQUITY LOANS||4.49%||4.49%||4.49%||5.30%|
Stated Loan Policies Effective – 9/1/2016
Contact the Credit Union office for full loan terms, maximums and conditions.
All rates reflect a A+ Fico Credit Score of 740 or higher. Rates may be higher for lower credit scores
All rates reflect 1.00 % reduction for automatic payment
All loans are granted based on credit worthiness and debt ratio
To be eligible for a loan you must have the equivalent of one loan payment or $100 (which ever is greater),secured in your account, up to a maximum of $500.00, for the life of the loan. Secured Shares may be built up over a period of time.
Unsecured / Personal Loans
Co-signer must meet the same qualifications for loan category.
New and Used Vehicle Loans
Vehicle Title with Parlin DuPont EFCU listed as leinholder required as security for the loan.
Vehicle Collateral Insurance is required with Parlin Dupont EFCU listed as loss payee is required for the lfe of the loan
For qualified individuals, loans over $20,000 can have a payback of up to 84 months.
Loan amount can be up to the listed purchased price on the dealers Order Sheet (including tax, warranty, fees, etc.)
Used Vehicle Loans The maximum loan with a Bill of Sale as security is the average Retail value of the car, plus extras as shown in the official NADA Used Car Guide Book
Age of car will determine maximum loan term.
60 Months < 3 Years Old
48 Months < 5 Years Old
36 Months < 7 Years Old
Home Equity Loans
Term from 5 to 15 years (60 to 180 Months)
Parlin DuPont Employees FCU only offers fixed rate Home Equity Loans.
The property to be used as collateral must be your primary residence and be located in New Jersey.
The credit union will not be less than second mortgage holder.
If any second mortgage exists, it must be paid from the proceeds of this loan.
Maximum loan amount $150,000.
Loans are eligible to 80% loan to value* The total of the first mortgage and Home Equity loan cannot exceed the maximum combined LTV (loan-to-value) of the property.
Share Secured Loans
Credit Report is not required for Share Secured Loans.
Must be FULLY secured with the share balance for the full term of the loan. All funds must be on deposit at Parlin Dupont EFCU for the entire term of the loan.
Credit Union Visa Card
Rate is based on credit score. Rates currently range from 9.90% – 18.90% apr. Special Balance transfer Rates may apply
Call 1-888-415-6154 or go to www.mycucard.com (select Parlin DuPont Credit Union from the dropdown box)
apr = Annual Percentage Rate