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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 October 24th, 2021, and are subject to change without notice. All loans are subject to credit union approval.

Personal Loans

ProductAPRTerms
9.90% - 15.00%Revolving
9.90 - 15.00%Up to 60 months
6.50%Secured by Salal Credit Union Savings or Premium Plus Money Market
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
ProductAPR¹CommentsTerms⁵
2.49% - 8.49%²Rates increase without automatic payment³; Rates decrease for hybrid and EV loans⁴.Up to 84 months
2.99% - 8.99%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 licensed6.24% - 11.24%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed6.24% - 11.24%Rates adjust without automatic paymentUp to 72 months
Older than 7 years6.99% - 10.99%Rates adjust without automatic paymentUp to 60 months
MOTORCYCLESNew units that have never been titled or licensed6.99% - 10.99%Rates adjust without automatic paymentUp to 72 months
Used units that have been titled or licensed6.99% - 10.99%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: $200.33 a month based on a 60-month, $10,000 loan at 7.49% APR; Boats & RVs: $504.24 a month based on a 72-month, $30,000 loan at 6.49% APR; Used Boats & RVs: $355.55 a month based on a 72-month, $20,000 loan at 8.49% APR.