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.