Loan Rates

Detail of 1930s car fender

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

Linn Area Credit Union has been lending at competitive rates since 1935. If you’re looking for our mortgage rates, we have a fancy rate table/calculator combo!

Loan TypeAPR* As Low AsTerm
New and Late Model Used Auto (2022 and newer)
7.29%
Up to 60 Months
Used Auto (2020 – 2021 models)
7.64%
Up to 60 Months
Used Auto (2017 – 2019 models)
8.20%
Up to 60 Months
Used Auto (2015 – 2016 models)
8.50%
Up to 60 Months
Used Auto (2014 and older models)
11.05%
Up to 60 Months
New and Late Model Used Motorcycle & UTV (2022 and newer)
8.29%
Up to 60 Months
Used Motorcycle & UTV (2020 – 2021 models)
8.64%
Up to 60 Months
Used Motorcycle & UTV (2017 – 2019 models)
9.20%
Up to 60 Months
Used Motorcycle & UTV (2015 – 2016 models)
9.50%
Up to 60 Months
Used Motorcycle & UTV (2014 and older models)
12.05%
Up to 60 Months
(60-month term not available for UTVs)
New ATV, Snowmobile, Off-Road Cycle or Misc. Equipment
8.50%
Up to 60 Months
Used ATV, Snowmobile, Off-Road Cycle or Misc. Equipment
9.50%
Up to 60 Months
Boat/RV/Fold Down Camper
7.75%
Up to 36 Months
(Terms available up to 180 Months)
Personal Loan
10.50%
36 Months
Home Equity Loans
7.50%
Up to 5 Years
8.00%
Up to 15 Years
Home Equity Line of Credit (HELOC)**
8.00%
Up to 15 Years

*Annual Percentage Rate (APR) based on credit, equity, term and account relationships. Rates effective as of January 2, 2024.

**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 and additional discounts provided to members based on their account relationships. 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 60 months with a 7.29% APR, the monthly payment will be $598.15 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 & UTV Loan Example: For a $18,000 loan for a term of 60 months with an 8.29% APR, the monthly payment will be $390.34 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 8.50% APR, the monthly payment will be $307.75 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 7.75% APR, the monthly payment will be $312.21 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 36 months with a 10.50% APR, the monthly payment will be $325.02 and does not include any estimate for additional fees; therefore, the actual payment obligation may be greater.

Home Equity Loan (Second Mortgage) Example: For a $30,000 loan for a term of 15 years with an 8.061% APR, the monthly payment will be $286.70. The example assumes a credit score of 740. Rate assumes a loan-to-value (LTV) of 85% or less. Available rates and terms vary based on credit history and collateral. 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. Credit union membership is required to obtain Linn Area products. New member must meet account and membership eligibility requirements. $5 minimum deposit required. $100 loan processing fee is assessed at time of closing. Maximum interest rate cap of 21.00% APR. No additional finance charges imposed.

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. Credit union membership is required to obtain Linn Area products. New member must meet account and membership eligibility requirements. $5 minimum deposit required. $100 loan processing fee is assessed at time of closing. Maximum interest rate cap of 21.00% APR. No additional finance charges imposed. All loans subject to approval. Rates, terms, and conditions are subject to change. Rates effective as of August 1, 2023.