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Home > Loans & Insurance> Rates, Calculators & Articles

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 as
2015 & Newer 2.24%
2013 & 2014 2.74%
2012 3.24%
2011 3.99%
2010 4.74%
2009 and older 6.74%

Example: A loan amount of $10,000 at 2.24% for 48 months would have an approximate monthly payment of $218.00.

*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.

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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 84 Months
Between $10,000 and $29,999 3.99% Up to 75 Months
Less than $10,000 4.74% Up to 60 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 84 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 60 months 6.75%

Example: A loan amount of $5,000 at 9.75% for 60 months would have a monthly payment of $106.00.

*APR=Annual Percentage Rate. Rates 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
4.00%
Variable - 90% Loan-to-Value 10-year draw period;
15-year repayment
4.50%

*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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Mortgage Rates

With free pre-approvals, low closing costs, and flexible payment options, MSGCU makes the mortgage process easy so you can spend less time worrying and more time getting ready for your new home. 

At MSGCU, the entire mortgage team works closely together, offering better communication and a speedier, local decision. We have been in this market for more than 60 years, which means we understand the nuances and know how to help you get to the closing table successfully.

Links to the current rates for our many home loan options are listed below.

 


Interest rates are available to borrowers with an excellent credit history. The actual interest rate available to you will be based on your credit history and loan to value ratio. Call 586.263.8800 for additional information.

Loan & Mortgage Calculators

Auto Calculators

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  • Lease vs. Buy - Should you lease your next automobile or finance it? Find out with this calculator!

Credit Cards and Debt Management

  • Credit Card Payoff - Use this calculator to see what it will take to payoff your credit card balance, and what you can change to meet your repayment goals.
  • Personal Debt Consolidation - Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.

Loan Calculators

  • Amortizing Loan Calculator - Enter your desired payment - and let us calculate your loan amount or enter in the loan amount and we will calculate your monthly payment!
  • Loan Comparison Calculator - Use this calculator to sort through the monthly payments, fees and other costs associated with comparing loan options.

Mortgage Calculators

  • Refinance Breakeven - Use this calculator to see how much interest you can save if you refinance your mortgage.
  • Mortgage Payoff - Save thousands of dollars in interest by increasing your monthly mortgage payment.

Loan, Mortgage, & Insurance Articles

If you would like more information about Loans, Mortgages, and Insurance, check out these articles from our Financial Resource Center.

  • Loan & Credit Management – find articles about borrowing and repaying loans, building credit, solving credit problems, and more.
  • Auto Buying – find articles about auto buying and leasing, financing, selling, and more.
  • House & Home – find articles about buying and renting, home improvement, selling your house, and more.
  • Insurance – find articles about auto and home insurance; health insurance; insurance basics; and life, disability, and long-term care insurance.