Loan Rates

Detail of 1930s car

Not-for-profit banking means a better deal for you!

Linn Area Credit Union has been lending at competitive rates since 1935. Check ’em out!

Loan Type APR* As Low As Term
New and Late Model Used Auto (2017 and newer)
2.6%
3.1%
3.3%
3.75%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Up to 84 Months
Used Auto (2014 – 2016 models)
2.6%
3.3%
3.4%
4.0%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Up to 84 Months
Used Auto (2011 – 2013 models)
3.3%
3.5%
3.75%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Used Auto (2010 and older models)
4.65%
4.9%
5.15%
Up to 36 Months
Up to 48 Months
Up to 60 Months
New and Late Model Used Motorcycle (2017 and newer)
2.6%
3.1%
3.3%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Used Motorcycle (2014 – 2016 models)
2.6%
3.3%
3.4%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Used Motorcycle (2011 – 2013 models)
3.3%
3.5%
3.75%
Up to 48 Months
Up to 66 Months
Up to 72 Months
Used Motorcycle (2010 and older models)
4.65%
4.9%
5.15%
Up to 36 Months
Up to 48 Months
Up to 60 Months
New ATV, Snowmobile, Off-Road Cycle or Misc. Equipment
3.5%
Up to 60 Months
Used ATV, Snowmobile, Off-Road Cycle or Misc. Equipment
4.5%
Up to 60 Months
New and Late Model Used UTV (2016 and newer)
3.25%
3.35%
3.5%
Up to 60 Months
Up to 66 Months
Up to 72 Months
UTV (2011 – 2015 models)
3.35%
4.00%
Up to 60 Months
Up to 66 Months
UTV (2010 and older models)
5.25%
Up to 48 Months
Boat/RV/Fold Down Camper
3.99%
Up to 36 Months
(terms available up to 180 Months)
Personal Loan
8.40%
48 Months
Home Equity Loans**
3.75%
Up to 15 Years
Home Equity Line of Credit (HELOC)**
4.50%
Up to 15 Years

Note: Any loan amount less than $5,000 would have a maximum term of 48 months.

*Annual Percentage Rate (APR) based on credit, equity and term. Rates effective as of 1/16/2018.

**Annual Percentage Rate (APR) based on credit and equity. Variable rate tied to Prime Rate. Adjusted Quarterly.

Loan rates listed above show the best rate and apply to those with an excellent credit rating. Your rate may vary based on personal credit history. All rates subject to change without notice. Credit union membership is required to obtain Linn Area products. $5 minimum deposit required.

New Auto Loan Example: For a $30,000 loan for a term of 72 months with a 3.30% APR, the monthly payment will be $459.85 which assumes $0 down payment and does not include any estimate for taxes, insurance, or fees; therefore, the actual payment obligation will be greater.

New Motorcycle Loan Example: For a $18,000 loan for a term of 66 months with a 3.10% APR, the monthly payment will be $296.99 which assumes $0 down payment and does not include any estimate for taxes, insurance, or fees; therefore, the actual payment obligation will be greater.

New ATV, Snowmobile, Off-Road Cycle or Misc. Equipment Example: For a $15,000 loan for a term of 60 months with a 3.50% APR, the monthly payment will be $272.88 which assumes $0 down payment and does not include any estimate for taxes, insurance, or fees; therefore, the actual payment obligation will be greater.

New UTV Example: For a $15,000 loan for a term of 60 months with a 3.35% APR, the monthly payment will be $271.87 which assumes $0 down payment and does not include any estimate for taxes, insurance, or fees; therefore, the actual payment obligation will be greater.

Boat/RV/Fold Down Camper Example: For a $10,000 loan for a term of 36 months with a 3.99% APR, the monthly payment will be $295.18 which assumes $0 down payment and does not include any estimate for taxes, insurance, or fees; therefore, the actual payment obligation will be greater.

Personal Loan Example: For a $10,000 loan for a term of 48 months with a 8.40% APR, the monthly payment will be $246.01 and does not include any estimate for additional fees; therefore, the actual payment obligation may be greater.

Home Equity Loan (Second Mortgage) Example: Home equity loans are available as adjustable rate loans for up to 15 years. Rate assumes a loan-to-value (LTV) of 85% or less and a credit score of 660 or above. Available rates and terms vary based on credit history and collateral.

For a $30,000 loan for a term of 15 years with a 3.75% APR, the payment schedule will be as follows:

The borrower will make 62 payments of $218.17 at 3.750% APR; and then with a rate adjustment, the next 60 payments will be $239.00 at 5.750% APR. Then with a final rate adjustment, the last 58 payments are $250.31 at 7.750% APR.

The example assumes a credit score of 730 and a displays a worst-case scenario of a maximum rate adjustment per each adjustment period. Taxes and insurance premiums are not included in the payment example. Homeowners insurance required. All loans subject to approval. Rates, terms, and conditions are subject to change.

Home Equity Line of Credit (HELOC) Terms: Home equity lines of credit are variable rate loans for a term of up to 15 years. The annual percentage rate (APR) may vary after the account is opened with variable rate tied to Prime Rate and adjusted quarterly. Available rates and terms vary based on credit history and collateral. If an appraisal is required, the cost will be paid by the member, who is responsible for the fee whether or not the loan closes. Homeowners insurance required. The minimum monthly payments may not be sufficient to repay the principal outstanding on your line of credit at the end of your loan term. At the end of your loan term, you will be required to pay the entire remaining balance in a single payment or re-qualify to refinance. All loans subject to approval. Rates, terms, and conditions are subject to change.