You can apply for any of the loan products below using our secure online application.
APR = Annual Percentage rate. Rates are current as of September 28th, 2023, and are subject to change without notice. All loans are subject to credit union approval.
Personal Loans
| Product | APR | Terms |
|---|---|---|
| SALAL EZ LINE OF CREDIT | 13.74% - 14.34% | Revolving |
| SALAL SIGNATURE LOAN | 11.99% - 12.59% | Up to 60 months |
| SAVINGS SECURED LOAN | 6.50% | Secured by Salal Credit Union Savings or Money Market account |
| CERTIFICATE SECURED LOAN | 2.50% margin over certificate rate. 6.50% min. | Secured by Salal Credit Union Certificate - due at Certificate maturity. IRA Certificate of Deposit not eligible |
| The APR on all loans without automatic payment will be 0.25% higher. Refer to the Credit and Security Agreement for specific disclosures. EXAMPLE PAYMENTS: EZ Line of Credit: $115.75 a month based on a 60-month, $5,000 loan at 13.74%; Signature Loan: $111.27 a month based on a 60-month, $5,000 loan at 11.99% APR; Saving Secured Loan & Certificate Secured Loan: $97.83 a month based on a 60-month, $5,000 loan at 6.50% APR. | ||
Auto Loans
| Product | APR¹ | Comments | Terms⁵ |
|---|---|---|---|
| New vehicles have never been titled or licensed and used vehicles up to 1 year old. | 7.49% - 9.99%² | Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴. | Up to 84 months |
| Used vehicles that have been titled or licensed and are 2 years old and older. | 7.74% - 10.24%² | Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴. | Up to 84 months |
| All loans subject to credit approval. ¹APR = Annual Percentage Rate ²Actual APR will be based on creditworthiness, age of vehicle, and the term of the loan. For used autos, trucks, and SUVs, add 0.50% to the APR if over 100,000 miles, and add 0.50% to the APR if over 10 years old. ³Rates for loans without automatic payment will increase by 0.25%. For example, an APR of 9.99% increases by 0.25% to 10.24%. Refer to the Credit & Security agreement for specific disclosures. ⁴Hybrid and electric vehicle (auto, truck, and SUV only) loans automatically receive a 0.25% rate discount. ⁵Terms up to 84 months are available based on the age of the vehicle and the dollar amount of the loan. See Credit Union for details. Maximum term and loan-to-value based on approved credit. New vehicle value based on Manufacturer's Suggested Retail Price. Used vehicle value based on NADA retail. Collision and comprehensive insurance required. EXAMPLE PAYMENTS: New Auto: $405.60 a month based on a 60-month, $20,000 loan at 7.99% APR; Used Auto: $326.40 a month based on a 60-month, $16,000 loan at 8.24% APR. | |||
Boat, RV & Motorcycle Loans
| Product | Year | APR | Comments* | Terms** |
|---|---|---|---|---|
| BOATS & RVs | New units that have never been titled or licensed | 8.74% - 10.49% | Rates adjust without automatic payment | Up to 72 months |
| Used units that have been titled or licensed | 8.74% - 10.49% | Rates adjust without automatic payment | Up to 72 months | |
| Older than 7 years | 9.49% - 13.49% | Rates adjust without automatic payment | Up to 60 months | |
| MOTORCYCLES | New units that have never been titled or licensed | 9.99% - 13.99% | Rates adjust without automatic payment | Up to 72 months |
| Used units that have been titled or licensed | 9.99% - 13.99% | Rates adjust without automatic payment | Up to 72 months | |
| Actual APR will be based on creditworthiness and the term of the loan. *Rates for loans without automatic payment will increase by 0.25%. Refer to the Credit & Security agreement for specific disclosures. **Terms are based on the loan amount. Maximum term and loan-to-value based on approved credit. New boat/RV value based on Manufacturer's Suggested Retail Price. Used boat/RV value based on NADA retail marine surveys and may be required on boats. Preferred Marine Mortgages required on boat loans above $50,000. Collision and comprehensive insurance required. EXAMPLE PAYMENTS: New & Used Motorcycles: $215.01 a month based on a 60-month, $10,000 loan at 10.49% APR; Boats & RVs: $540.88 a month based on a 72-month, $30,000 loan at 8.99% APR; Used Boats & RVs: $370.62 a month based on a 72-month, $20,000 loan at 9.99% APR. | ||||