Lowell Municipal Employees Federal Credit Union

Auto Insurance Loan Rate

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No one likes paying auto insurance, but with an auto insurance loan from LMEFCU it makes paying your premiums a whole lot easier.

Apply today and spread out your payments over 12 months.

Stop by our credit union at:

Lowell Municipal Employees Federal Credit Union
375 Merrimack Street
City Hall – Room 11
Lowell, MA 01852

or call us at (978) 970-4088 to get started on your auto insurance loan.

Download Loan Application

Tier	Max Years	Credit Score	Debt Ratio	APR*	Max Amount	Monthly Payment
1	1 Year(‘s)	650 – 850	42.00 %	4.5 %	$ 6,000	$ N/A
2	1 Year(‘s)	600 – 649	38.00 %	4.75 %	$ 4,000	$ N/A
3	1 Year(‘s)	500 – 599	32.00 %	5.00 %	$ 2,000	$ N/A

Note: Individuals with credit scores of 350-499 are not eligible for consideration.
*APR = Annual Percentage Rate. Rates subject to change without notice. Some restrictions apply. For qualified borrowers. Tier 3 requires a co-borrower with at least a 650 or higher credit score and credit committee approval.

Monthly payments are estimates using the maximum amount borrowed on each tier.

Calculators are for estimating purposes only.