Loan Rates
Loyal Member Discounts
Use Gerber Federal Credit Union products and services and lower your loan rates by up to .75%! Loyal Member Discounts* give you a .125%** loan rate discount for each of the following products or services you use with Gerber FCU: Share Draft Account, Super Savings, Mortgage/Home Equity***, FREE Online Bill Pay, e-Statements with Web Teller, Share & IRA Certificates, Direct Deposit, Automatic loan payment transfer, Debit MasterCard, Platinum Preferred Credit MasterCard. Ask a Member Service Representative today for more information on Loyal Member Discounts!
*Loyal Member Discounts will not apply to First Mortgage, Platinum Preferred Credit MasterCard, HELOC, or open ended Consumer Loan products. **Maximum total reduction of .75% on loan requests. *** Maximum discounts on Fixed Home Equity Loans: .75% maximum discount for loans 60 months or less. .50% maximum discount for loans 61 to 120 months. .25% maximum discount for loans 121 months and greater.
Loan Rates
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Vehicle Loans*
|
Automobiles, Trucks and Street Motorcycles |
|
New & Used |
Term |
APR as low as** |
|
2008 - 2018 |
Up to 84 months |
2.74% |
|
Used |
Term |
APR as low as** |
|
2007 and Older |
Up to 48 Months |
8.24% |
|
Log in to Web Teller to Apply Now! |
Boat, Motor Home, or Camper Loans (Street Legal or Titled)*
|
New (2017 - 2018) |
Term |
APR as low as** |
|
$1,000 and up |
Up to 180 Months |
3.24% |
|
Used (2017 and older) |
Term |
APR as low as** |
|
$1,000 and up |
Up to 180 Months |
3.99% |
|
Log in to Web Teller to Apply Now! |
Recreational Vehicle Loans (Non-Titled)*
|
Watercraft, Snowmobiles, Pop-up campers, Off Road Motorcycles, ATVs |
|
New |
Term |
APR as low as** |
|
Less than $4,999 |
36 Months |
8.75% |
|
$5,000 to $9,999 |
60 Months |
8.75% |
|
$10,000 and up |
84 Months |
8.75% |
|
$15,000 and above |
120 Months |
8.75% |
|
Used |
Term |
APR as low as** |
|
Less than $4,999 |
36 Months |
10.25% |
|
$5,000 to $9,999 |
60 Months |
10.25% |
|
$10,000 and $14,999 |
84 Months |
10.25% |
|
$15,000 and above |
120 Months |
10.25% |
|
Log in to Web Teller to Apply Now! |
Shared Secured Loans*
|
Type |
Term |
APR as low as** |
|
Regular Share Secured |
84 Months |
Reg. Share Rate +3.00% |
|
Super Savings Secured |
84 Months |
Super Savings Rate +3.00% |
|
Certificate Secured |
Term of Certificate |
Certificate Rate +3.00% |
|
Personal Secured |
60 Months |
11.25% |
|
Log in to Web Teller to Apply Now! |
Home Equity Loans
|
Type |
Term |
APR as low as** |
|
Prime Equity LOC |
180 Months |
4.75% (Adjusted Quarterly) |
|
Fixed Rate 1st Lien*** |
Up to 180 Months |
Rates Announced Weekly |
|
Fixed Rate 2nd Lien*** |
Up to 60 Months |
4.49% |
|
|
Up to 120 Months |
4.74% |
|
|
Up to 180 Months |
4.99% |
|
Log in to Web Teller to Apply Now! |
Mortgage Loans
|
Type |
Term |
APR as low as** |
|
Mortgage |
10, 15, 20 & 30 Year
(Ask about other mortgage products
& services available) |
Rates Announced Daily |
|
Construction - Mortgage (LOC) |
12 Months |
Rates Announced Daily |
|
Vacant Land*** |
Up to 144 Months |
7.500% |
|
New Mobile Home* |
120 Months |
10.25% |
|
Used Mobile Home* |
84 Months |
12.25% |
|
View Mortgage Rates & Apply Now! |
Platinum Preferred Credit Card
|
Type |
Term |
APR as low as** |
|
Platinum Preferred |
|
8.99% |
|
Log in to Web Teller to Apply Now! |
Personal Loans
|
Signature Unsecured* |
Term |
APR as low as** |
|
Signature Unsecured |
12 Months |
9.24% |
|
Signature Unsecured |
24 Months |
11.24% |
|
Signature Unsecured |
25 Months and Over |
13.25% |
|
Revolving Credit |
Term |
APR as low as** |
|
Share Draft Protection - Unsecured |
$500.00 Minimum Limit |
12.00% |
|
Log in to Web Teller to Apply Now! |
* Borrowers may be eligible for a .125 to .75 rate reduction based on Loyal Member Discounts and loan type and term.
** Annual Percentage Rate after Loyal Member Discounts maximum rate reduction of .75%. Rates quoted are based on individual member credit history and are set during loan processing. Rates subject to change without notice.
*** Loyal Member Discounts for Fixed Home Equity and Vacant Land loans are limited to:
60 Month term - .75% maximum
61 to 120 months - .50% maximum
121 to 180 months - .25% maximum