LOANS

      

WOMEN’S SOUTHWEST FCU

Fixed LOAN RATES4  effective 1/1/10.

 

For a loan application, join us.  Click on "Easy to Join."

Then contact our main office in Dallas to request a loan application.  To do that,

click on How/When to Reach Us.   

 

    All rates are fixed Annual Percentage Rates (APRs).   This is a summary only; 

ask for details.  All loans except Credit Builder, Share-Secured, and Incentive are 

subject to credit approval.  Rates, terms, and conditions, are subject to change 

without notice.                                       


¨New MOTOR VEHICLE PURCHASE

Loans to buy new cars, motor homes, and motorcycles. You may apply 

for 100%+ of the cost of the car.  Maximum loan on a motor home = $35,000.  

(To reduce your chances of becoming “upside down,” borrow 95% or 

less of the Dealer Invoice.)

y

e

a 

r

s*

If Vehicle gets 15 or more Miles per Gallon

If vehicle gets fewer than 15 miles/gallon

Up to 100% of cost of the car

100% of Cost of car + tax, title, and license

Up to 100% of cost of car

100% of cost of car+ taxes, title, and license

3

3.00-7.75%

4.00-8.75%

4.50-8.50%

5.50-9.50%

4

4.00-8.75%

5.00-9.75%

5.50-9.50%

6.50-10.50%

5

5.00-9.75%

6.00-10.75%

6.50-10.50%

7.50-11.50%

6

6.0-10.75%

7.00-11.75%

7.50-11.50%

8.50-12.50%

*72 months to pay on $15,000 & up. Otherwise60 mos. maximum.

==========================================================

¨Used MOTOR VEHICLES5 :  Autos, Motor Homes, & 

Motorcycles – 2005-2009 models and Classic Cars**

Buy, refinance, or use a vehicle you own to back a loan 

with us for another purpose, such as buying  a PC or paying 

a dentist. .

    Take advantage of free used car values & car-buying 

coaching for members!  Also, a free article on how to pay 

less for a car.  Just ask.  You may apply for up to N.A.D.A. “average trade-in” value.  

(To reduce your chances of your loan becoming “upside down,” borrow ≤ “rough 

trade-in” value.)

yrs to

pay

Up to N.A.D.A. average trade-in  value

N.A.D.A. average trade-in value + tax, title, & license (purchases only)

4

8.50-12.50%

9.50-13.50%

               

                If your loan is approved you’ll be required to 

submit an inspection by a mechanic.  Ask for details.  

                **Classic cars:  you may finance a classic 

car, refinance your classic car loan, or use your classic car as collateral 

for a loan if :

·         It is listed in  National Automobile Dealers’ Association (NADA) guide;

·         It is in good or excellent condition.

 

¨SHARE CERTIFICATE-SECURED & “INCENTIVE” LOANS

  Regular certificate-secured loans:   Annual Percentage Yield 

on Certificate + 2.00% = APR on loan.  Incentive loans carry an 

APR of 2.00% secured by a share certificate earnings 0.00% 

Annual Percentage Yield (APY).

¨CREDIT-BUILDER/ESTATE LOAN, SHARE

(SAVINGS)-SECURED TYPES I & II, 

SAVINGS-BACKED CREDIT CARDS 6

 Savings-Secured I backed by your savings, 

Type II by your relative or friend’s savings.  

Credit-builder/Estate loans build savings, too.  

All 3:  no income verification, no credit check. 

Borrow up to 94% of amount on deposit.  

Or, have on deposit $106 for every $100 you want to borrow.   

Up to 180 months (15 years) to pay.@ APR: 6.00%. 

 

¨SIGNATURE Loans & Credit Cards6

Minimum monthly payment on credit cards is 5% of the balance. APRs 

= 12% to 18%. (See, too, Savings-Backed Credit Cards.) 

$ Amount

Maximum

Term

 

$ Amount

Maximum

Term

$500

6 months

 

$2,500

30 months

$1,000

12 months

 

$3,000

30 months

$1,500

18 months

 

$4,000

36 months

$2,000

24 months

 

$5,000

40 months

 

HELPFUL INFORMATION ABOUT BORROWING FROM WOMEN’S SOUTHWEST:

1. Pay less each month—and receive a lower loan rate.  Offer savings

—or a motor vehicle—as collateral for your loan.

2. Minimum amount for all loans = $500. 

3. Great service:  borrowing $ to consolidate debts?  We’ll send the checks 

to your credit card companies for you!  

4. Rates available to members are “risk-based.”  The rate our Credit 

Committee initially approves for you will depend on such factors as 

the collateral (if any) you offer to back the loan, your credit score, & 

ratios of your debts to your income at the time you apply.  If your 

application is approved, the rate you pay will be the rate that is in 

effect for your “Grade” on the date that your loan is funded.  Rates 

listed below reflect the lowest to highest rates within all grades 

that we offered as of the effective date above.  Rates, terms, and 

conditions are subject to change without advance notice.  

5. Title Transfer Processing Time Fee. If a dealer won’t handle 

the  title transfer on the car,  motor home, or motorcycle you offer 

as collateral for your loan, you will pay a fee for the extra time it 

takes our staff to process the paperwork:  for motor vehicles 

already-registered and license in California & Texas, $25; for

vehicles license & registered in for your :  in Calif.: $25+cost, 

in other states & DC 99+cost.

6. If you apply for a credit card, first check out our “Credit Card Disclosure"

7. Avoid being "Upside Down."  Learn how to prevent this pitfall

when you finance cars, motor homes,  etc. 

          

Mortgage Loan Resources  (we don't make mortgage loans)

  (click here)

© 1998 - 2010 California Feminist Fed'l Credit Union & Women's Southwest FCU