Michigan Schools & Government Credit Union
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Loan Rates

Michigan Schools and Government Credit Union is lending! What can we finance for you? We offer a quick approval, competitive rates, and an easy application process. Select the loan that fits you best…it's really that easy.

Car Loan, Truck Loan, or SUV Loan
Model YearsAPR* as low asSpecial APR** as low as
2015 & Newer 2.24% 1.74%
2013 & 2014 2.74% 2.24%
2012 3.24% 2.74%
2011 3.99% 3.49%
2010 4.74% 4.24%
2009 and older 6.74% 6.24%

Example after January 31: A loan amount of $15,000 at 2.24% for 60 months would have an approximate monthly payment of $265.00.

Example during Special: A loan amount of $15,000 at 1.74% for 60 months would have an approximate monthly payment of $261.00. Saving $196.90 in interest over the course of the loan!

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details.

**Special promotional rate available from January 12 through January 31, 2018.

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RV Loan
5th Wheels, Trailers, Campers
Loan AmountAPR* as low asTerm
$75,000 and Over 4.49% Up to 240 months
Between $35,000 - $74,999 4.24% Up to 180 months
Between $20,000 - $34,999 4.24% Up to 144 months
Less than $20,000 4.24% Up to 96 months

Example: A loan amount of $40,000 with a rate as low as 4.24% for 180 months would have a monthly payment of $301.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. New money only. Rates are subject to change at any time. Same-day approval on most RV applications. Contact Member Service Representative for more details.

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Marine Loan
Loan AmountAPR* as low asTerm
$75,000 and Over 4.49% Up to 240 months
Between $35,000 - $74,999 4.24% Up to 180 months
Between $20,000 - $34,999 4.24% Up to 144 months
Less than $20,000 4.24% Up to 96 months

Example: A loan amount of $40,000 with a rate as low as 4.24% for 180 months would have a monthly payment of $301.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. Marine Survey may be required. New money only. Rates are subject to change at any time. Same-day approval on most Marine applications. Contact Member Service Representative for more details.

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Power Sports
Jet Ski, ATV, Motorcycle, Snowmobile
Loan AmountAPR* as low asTerm
$30,000 and Over 3.99% Up to 144 Months
Between $10,000 and $29,999 3.99% Up to 120 Months
Less than $10,000 4.74% Up to 84 Months

Example: A loan amount of $12,000 with a rate as low as 3.99% for 60 months would have an approximate monthly payment of $221.00.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 144 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. New money only. Rates are subject to change at any time. Same-day approval on most Powersport applications. Contact Member Service Representative for more details.

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Line of Credit (Instant Credit)
TypeTermAPR* as low as
Variable None 11.00%

*APR= Annual Percentage Rate. Initial rate may change. Variable-rate loan may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18.0%. Contact Member Service Representative for more details.

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Signature Loan
TypeTermAPR* as low as
Fixed Up to 72 months 7.50%

Example: A loan amount of $5,000 at 9.75% for 72 months would have an approximate monthly payment of $92.00.

*APR=Annual Percentage Rate. Rates may be higher based on term and credit score. Contact Member Service Representative for more details.

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Home Equity Line of Credit (HELOC)
TypeTermAPR* as low as
Variable - 80% Loan-to-Value 10-year draw period;
15-year repayment
4.50%
Variable - 90% Loan-to-Value 10-year draw period;
15-year repayment
5.25%

*APR = Annual Percentage Rate. Variable APRs may change quarterly based on The Wall Street Journal Prime Rate and may increase. Maximum APR is 18.0%. $75 annual and $300 reimbursement fees may apply. Michigan properties only. Rates based on credit limit, combined loan to value (CLTV), and credit score.

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Home Equity Loan
TypeTermAPR* as low as
Fixed - 80% Loan-to-Value 1-20 Years 3.75%
Fixed - 90% Loan-to-Value 1-10 Years 4.50%

Example: A loan amount of $10,000 at 120 months with up to 80% Loan-to-Value and a rate as low as 3.75% would be approximately $100.09.

*Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Contact MSGCU for details.

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