Auto Insurance Loan Rate
Auto Insurance Loan
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.
| Tier | Max Years | Credit Score | Debt Ratio | Max Amount | Interest Rate |
|---|---|---|---|---|---|
| 1 | 1 Year | 650-850 | 42.00% | $6,000.00 | 2.50% APR* |
| 2 | 1 Year | 600-699 | 38.00% | $4,000.00 | 2.75% APR* |
| 3† | 1 Year | 500-599 | 32.00% | $2,000.00 | 3.00% APR* |
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. † Co-borrower with at least a 650 or higher credit score and credit committee approval. Calculators are for estimating purposes only.
Calculate Your Monthly Payments*
Loan Amount: $
Interest Rate: %
Years:
Your monthly payments will be
$
$
Your weekly payments will be
$
$
Borrowed Amount:
$
$
Total Interest of Loan:
$
$
Total Loan Repayment Cost:
$
$
*Calculators are for estimating purposes only.
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. 