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Loan Interest Rates

Line of Credit/Signature Loan
Other Loans
Fair Lending Program

Effective March 1, 2017

La Loma offers loans for most members needs. La Loma's interest rates are based on each individual member's credit history with Experian's Fair Isaac Score. La Loma's loan decisions are based on judgment; the scoring model is used to determine the interest rate once loan is approved. This does not include Real Estate, Signature, LOC Overdraft, Holiday,Tax, Apple Computer, or Share loans.


Terms                                           APR Range                           Est. Payment/ $1000.00 borrowed

New Vehicles (2018 - 2019) < 5,000 miles    

Up to 60 Months                     2.79%-16.74% APR*                                        $17.90 - $24.71

Up to 72 Months                     2.99%-17.74% APR*                                         $15.20 - $22.66

Up to 84 Months                     3.24%-12.99% APR* (Tier A+-C Only)        $13.32 - $18.19


Used Vehicles (2011 - 2018)

Up to 60 Months                     2.79%-17.99% APR*                                     $17.90 - $25.39

Up to 72 Months                     2.99%-17.99% APR*                                     $15.20 - $19.94

Up to 84 Months                     4.49%-10.49% APR* (Tier A+-C Only)     $13.90 - $18.73


Secured RV’s, Boats, Motorcycles, and Personal Watercraft (2011 - 2018)

Up to 60 Months                     6.49%-17.49% APR*                                        $19.57- $25.12

Up to 84 Months                     7.49%-18.00% APR*  (Tier A+-C Only)       $15.34 - $21.02

Up to 180 Months                    9.24%-18.00% APR* (Tier A+-C Only)       $10.29 - $16.10

 APR* = Annual Percentage Rate 

Terms,Terms, rates and amounts financed vary according to credit worthiness. Rates listed above does not include a .25% discount for electronic/automatic payments. Vehicle & Unsecured Loan Late Charge: if 10 days late, a late charge of 10% of payment due, with a minimum of $5.00 and a maximum of $20.00 will apply. Other Information: Electronic payment discount does not include Signature, Visa, Real Estate loans, Overdraft LOC, Holiday, or Share Loans.

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Other Information and Other Loan Rates

Loan Type





Late Charge

Visa Platinum 




No Annual Fee 

$20, after 10 days 

Classic/Student Visa 




No Annual Fee 

$20, after 10 days 

Secured Classic Visa 




$25 Annual Fee 

$20, after 10 days 

Overdraft Line of Credit 




Ties w/La Loma checking 

$15, after 10 days 

Apple Computer



Up to 36 months


same as vehicle

Tax Loan (seasonal) 


on approved credit 

12 months 


same as vehicle 

Holiday Loan (seasonal) 



12 months 


same as vehicle 

Share Secured   

3.00% above max. dividend rate 5.00% minimum 

90% of regular shares   

60 months


same as vehicle

Vacation Loan



Up to 60



same as vehicle

Signature Loan



Up to 60 Months


same as vehicle


 All rates and terms are subject to change without prior notice. APR= Annual Percentage Rate

Mechanical Breakdown Insurance (MBI)
La Loma can now offer members an affordable solution to those often over priced dealer warranties. If you are considering a dealer service contract on the car you are purchasing, be sure to contact the credit union to compare costs. YOU will be pleasantly surprised!!! The cost of the insurance can be financed along with your loan. If you paid cash for your vehicle, La Loma can issue a MBI policy to you (some restrictions for model years and mileage may apply).

Guaranteed Auto Protection (GAP)
Gap offers protection against financial liability for members who finance a new or used auto or truck. GAP protects against financial loss in the event that your vehicle is damaged beyond repair (totaled) or stolen and never recovered. GAP provides protection from possible loss due to a deficiency balance not covered under your car insurance policy. Available at a reasonable cost of $375; premium can be financed into loan balance.

Credit Disability & Life Insurance
Credit Disability and Credit Life insurance can help protect your family from the unexpected. Should you become totally and continuously disabled by a covered sickness or accident which persists beyond the policy waiting period (only 14 days), your loan payments are protected with the Credit Disability. In the event of your death, Credit Life insurance pays the insured balance of your loan, up to the policy maximum. Coverage just costs pennies a day; premiums can be added to your monthly payments for your convenience.

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FAIR Lending Program

We are pleased to announce that La Loma Federal Credit Union has started the "FAIR Lending Program" to help as many members as possible obtain credit.

We realize that some members may have experienced some difficulty with their credit in the past and as a result, we were unable to grant their loan request forcing these members to pay extraordinarily high rates elsewhere.

Now the loan rate that the member pays will be determined by their credit history. Members with good credit histories will receive our very best rates, some of the best rates offered by any financial institution.

Other members, who may have had credit problems, will be assigned rates consistent with their credit history. These rates will almost always be lower than what they may be offered by other lenders.

These new rates will be offered on all vehicle loans and our signature loans. The rate you pay will be based on the number of years your loan is financed plus your credit history. Rates are set by the Board of Directors and are subject to change. Our Premium Rates will be used in quoting our rates or sample payments.

We encourage all members to try the "FAIR Lending Program." Our goal is to assist you in achieving your personal financial goals. If you are not sure what rate you are paying on a current loan, ask them first, then call us. Let us help you obtain credit and save money.

This schedule is incorporated as a part of your account agreement with La Loma Federal Credit Union.

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