Loans

The Fastest Way to The Best Loan

Call us for complete details at 800-328-8051, then press 5 for Member Solutions Representative or APPLY ONLINE

what our members are saying

Skip-A-Pay Graphic

As a special reward to our valued members, Motor City Co-op Credit Union
invites you to take a break from your current loan obligation with us and free up some cash
for vacations, celebrations or unexpected bills. You can skip up to two loans per year such as
Signature, Secured, Auto, Boat, RV, and other vehicle loans.
Apply Now

eSign Graphic

eSign saves time. Put away your pen and forget about coming into a branch.
Now you can electronically sign all your MCCCU loan documents
using your smartphone, tablet or laptop. eSign is encrypted for security,
and it’s especially convenient as you can eSign day or night.

FastTrax Lending Graphic

The fastest way to the best car loan

When you’re on the road to a new car, the last things you want are detours and delays.
FastTrax Lending, our new, streamlined loan program, lets you apply
when you need a loan “right now.” And it’s so easy to use you can even apply and
eSign your loan documents using your smartphone or tablet!
Apply Now

Loyalty Discount Graphic
We’re Saying Thanks with Loyalty Discounts

Take our low loan rates even lower and
save up to one-half percent on your next loan by doing more
business with us.
Click to learn more

Credit Builder Loan

We’ve designed the Credit Builder Loan
to help you build a better credit record.
• Rate as low as 9.99% APR
• Minimum loan: $500
• Minimum term: 12 months
The Credit Builder Loan is different from other secured loan products
because you’re not required to deposit your own funds to secure the loan.
Here’s how it works.

 

Mechanical Repair Coverage

It pays to be prepared
Car problems are inconvenient and expensive so be prepared.
Smart drivers are choosing MEMBER’S CHOICE® Mechanical Repair Coverage.
It helps protect you against many of the costly repairs no longer covered
by your vehicle’s manufacturer’s warranty. Purchasing Mechanical Repair Coverage
may be a wise decision and could ultimately save you thousands of dollars
in future repair costs.

Enroll today! Call 586-228-8484, press option 5 for Member Solutions Representative

MotorCity_AutoTalkClick on “Auto Talk” for your quarterly automotive newsletter!
Checkout the new Auto Buying publication powered by GrooveCar

Need to calculate a payment or decide how much you can borrow? Here’s a quick link to financial calculators.

 

Loan Rates

Are you looking for a low rate with flexible terms? We have the loan that works best for you!
Call us today at 800-328-8051, option 5.

PRINT PRODUCT SHEETS

Loan Type Rates as of: July 15, 2018
Name APR* Term
Autos (New)
2018 & Newer As low as 2.49% Up to 60 months
2018 & Newer As low as 2.99% Up to 75 months
Autos (Used)
2012-2017 As low as 3.49% Up to 60 months
2012-2017 As low as 4.49% Up to 84 months
 For older autos, please call for rates & terms.
Marine- Power Boats, Speed Boats and Fishing Boats
New and used $5,000- $24,999 As low as 4.74% Up to 84 months
New and used $25,000-$49,999 As low as 5.49% Up to 144 months
New and used $50,000 and over As low as 5.99% Up to 240 months
All boats may be subject to a marine survey.
RV- Motor Homes, Trailers, Fifth Wheels
New and used $5,000- $24,999 As low as 4.74% Up to 84 months
New and used $25,000-$49,999 As low as 5.49% Up to 144 months
New and used $50,000 and over As low as 5.99% Up to 240 months
Power Sports- Motorcycles, ATVs, Jet Skis and Wave Runners
New and used As low as 5.24% Up to 60 months
New and used As low as 6.24% Up to 84 months
*APR = Annual Percentage Rate
Rates are subject to change. Additional charges could apply, such as any late payment fees and/or security interest charges. A down payment maybe required. Acceptance maybe subject to verification of identity. Rates include applicable discounts.

Real Estate Loans

The equity in your home provides you the freedom to do home improvements, pay for college, and even consolidate bills.
Call us today at 800-328-8051, extension 2411 for complete details on your Mortgage and Home Equity Loan options.

Home Equity/Mortgage Rates as of: January 19, 2017
Name APR* Term
Home Equity-Fixed Rate To learn more about your Home Equity options,
call 800-328-8051, extension 2411
Up to 120 months
Mortgages
Click here for Daily Rates
To learn more about your mortgage options,
call  800-328-8051,  extension 2411
Varies
*APR = Annual Percentage Rate
Rates are subject to change. Additional charges could apply, such as any late payment fees and/or security interest charges. A down payment maybe required. Acceptance maybe subject to verification of identity.
Anti Redlining Notice
Other Loans Rates as of: July 13, 2018
Name APR* Term
Other Secured Loans As low as 7.49% Up to 60 months
Share Secured 5.99% Up to 120 months
Personal Loan As low as 8.49% Up to 60 months
Visa Platinum As low as 9.00% Open-ended
Overdraft Line of Credit As low as 10.00% Open-ended
Credit Builder 9.99% 12 to 24 months
*APR = Annual Percentage Rate
Rates are subject to change. Additional charges could apply, such as any late payment fees and/or security interest charges. A down payment may be required. Acceptance may be subject to verification of identity. Rates include applicable discounts.

NADA

Click here for Auto, Motorcycles, RXs, Boats, Classic Cars and Manufactured Home Values