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Salal Credit Union

Consumer Loan Rates

You can apply for any of the loan products below using our secure online application.

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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

ProductAPRTerms
13.74% - 14.34%Revolving
11.99% - 12.59%Up to 60 months
6.50%Secured by Salal Credit Union Savings or Money Market account
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

Auto Loans

ProductAPR¹CommentsTerms⁵
7.49% - 9.99%²Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴.Up to 84 months
7.74% - 10.24%²Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴.Up to 84 months

Boat, RV & Motorcycle Loans

ProductYearAPRComments*Terms**
BOATS & RVsNew units that have never been titled or licensed8.74% - 10.49%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed8.74% - 10.49%Rates adjust without automatic paymentUp to 72 months
Older than 7 years9.49% - 13.49%Rates adjust without automatic paymentUp to 60 months
MOTORCYCLESNew units that have never been titled or licensed9.99% - 13.99%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed9.99% - 13.99%Rates adjust without automatic paymentUp 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.