Loans

Signature Loan Classification:

Loans are at interest rates as low as 7.50%.
Each of these loans is available for 24, 36 or 48 months with over 6 months of employment.  Maximum loan amount is $15,000.00

A hold of $100.00 will be placed on your main share account for the duration of any loan with B-MS Federal Credit Union.

Automobile Loan Classification: (New and Pre-owned car rates)

New Cars:
100% financing including tax and title on NEW cars.

  Rates as low as:
24 Months 3.00%
36 Months 3.50%
48 Months 4.00%
60 Months 4.50%
72 Months (over $20,000) 5.50%

Pre-Owned Cars: 
100% book value (Retail)

  Rates as low as:
24 Months  2005 thru 2007 3.00%
36 Months 2008 thru 2012 3.50%
48 Months 2013 thru present 4.00%

Historical autos are on a case-by-case basis.

Recreational Vehicle Loan Classification:
(Boats, ATVs, motorcycles, trailers and motor homes)

  Term Amount Rate
New: Up to 84 months 100% Dealer MSRP 8.00%

Available on RV's (trailers and motor homes) over $20,000.00, up to a maximum of $200,000.00
Less than $20,000.00 Maximum term is 5 years

  Term Amount Rate
Pre Owned: Up to 84 months 100% of book Value (retail) 8.50%

Available on RV's over $20,000.00, up to a maximum of $100,000.00
Less than $20,000.00 Maximum term is 5 years.

Share Secured Loan Classification:

  • 3% above current dividend rate for maximum of 48 months, fully secured.
  • 4% above current dividend rate for 50% secured.

Special Loan Classifications:

Computer Purchase Up to $2500.00 2 Years 8.50%
Education (Incl. Tech) Up to $5000.00 3 Years 8.50%

Real Estate Loan Classifications:

Home Equity $7,500.00 to $100,000.00 5 Years 4.00%
    10 Years 4.25%
    15 Years 4.50%

HOME EQUITY LINE OF CREDIT:

Rate = Prime Rate.  Minimum rate 3.00% for the life of the loan. 

Please call (866) 443-4961 for all Home Equity Loan inquiries.

Notes:

  • ALL LOAN APPLICATIONS WILL BE SUBJECT TO A CREDIT BUREAU REPORT BEFORE LOAN IS APPROVED.
  • LOANS MUST BE PAID DOWN 30% BEFORE REFINANCING IS AVAILABLE.
  • A HOLD OF $100.00 WILL BE PLACED ON YOUR MAIN SHARE ACCOUNT FOR THE DURATION OF ANY LOAN WITH B-M S FEDERAL CREDIT UNION.

Loan Policy subject to change without prior notice.
Need assistance? Send us an e-mail at info@bmsfcu.org