Effective Date: 01-26-2023
| Credit Score |
Tier Ratings |
LTV vehicle guidelines |
| 700+ |
A |
110% including GAP |
| 699 - 660 |
B |
110% including GAP |
| 659 - 620 |
C |
100% including GAP |
| 619 - 600 |
D |
100% including GAP |
| 599 and below |
F |
100% including GAP |
Auto/Truck/Van/Motorcycle (New)
| Year & Term |
Tier A |
Tier B |
Tier C |
Tier D |
Tier F |
| 2022 to 2023 - 66 month term |
5.00% |
5.75% |
7.00% |
10.00% |
12.00% |
| 72 month term** |
5.50% |
6.25% |
|
|
|
| 84 month term*** |
6.00% |
6.75% |
|
|
|
**minimum of $15,000.00. New non-titled vehicles up to, but not to exceed 100% MSRP
***minimum $30,000.00
Auto/Truck/Van/Motorcycle (Used)
| Year & Term |
Tier A |
Tier B |
Tier C |
Tier D |
Tier F |
| 2019 to 2021 - 66 month term |
5.75% |
6.50% |
7.75% |
10.75% |
12.75% |
| 2019 to 2022 - 72 month term |
6.00% |
6.75% |
8.00% |
11.00% |
13.00% |
| 2014 to 2018 - 66 month term |
6.25% |
7.00% |
8.25% |
11.25% |
13.25% |
| 2014 to 2018 - 72 month term |
6.50% |
7.25% |
8.50% |
11.50% |
13.50% |
| 2012 to 2013 - 60 month term |
7.25% |
8.00% |
9.25% |
12.25% |
14.25% |
| 2006 to 2011 - 48 month term |
8.50% |
9.25% |
10.50% |
13.50% |
15.50% |
A, B & C paper = Clean Retail Loan Value
D & Below = Clean Trade In Value
2017 and newer vehicles with over 90,000 miles will have 1 % rate increase
Older Models refer to Unsecured Rates for the rate only
Boats and Personal Watercraft/RV's/Campers
| Year & Term |
Tier A |
Tier B |
Tier C |
Tier D |
Tier F |
| 2022 - Newer (never been titled) |
|
|
|
|
|
| 72 month term* |
6.00% |
6.75% |
8.00% |
11.00% |
13.00% |
| 84 month term* |
6.50% |
7.25% |
8.50% |
11.50% |
13.50% |
| 120 month term** |
7.25% |
8.00% |
9.25% |
12.25% |
14.25% |
| Used (2006-2021) 60 month term |
8.00% |
8.75% |
10.00% |
13.00% |
15.00% |
*Minimum $30,000.00.
**Minimum $40,000.00.
ATV
| Year & Term |
Tier A |
Tier B |
Tier C |
Tier D |
Tier F |
| New (2022-2023) (60 mo) |
6.50% |
7.25% |
8.50% |
11.50% |
13.50% |
| Used (2010-2020) (36 mo) |
7.50% |
8.25% |
9.50% |
12.50% |
14.50% |
Share/Certificate Secured
| Term |
Annual Percentage Rate |
| Up to 72 months but not to exceed term of certificate |
3.00% above dividend rate |
Secured Other (UCC-1) & Off Road Vehicles
| Term |
Annual Percentage Rate |
| Up to 48 months |
11.00% |
Unsecured
| Term & Limit |
Unsecured Debt to Income |
Rate |
| Tier A (Score 730+) = $10,000 48 months |
10% or Less |
13.00% |
| Tier A = $8,000 48 months |
Above 10% |
12.00% |
| Tier B = $ 7,000 36 months |
10% or Less |
12.75% |
| Tier C = $ 5,000 24 months |
10% or Less |
14.00% |
| Tier D = $ 2,000 12 months |
10% or Less |
17.00% |
| Tier F = $ 500 12 months |
Up to 15% |
19.00% |
NOTICE: Credit Union uses credit scoring to determine rate only! Rates & Terms subject to change without notice. All Rates are APR.
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|
|
Jefferson Community Federal Credit Union
|
| 545 Ivy Tech Drive |
| PO Box 129 |
| Madison, IN 47250 |
| Phone: 812-265-3003 |
| Toll Free: 1-800-453-8503 |
| Fax: 812-273-2609 |
|
