Rates
*APR - Annual Percentage Rate. All interest rates quoted are fixed annual percentage rates, for top tier credit. Rate includes 0.25% discount for direct deposit. Vehicle mileage may affect loan term. For older models, please contact us. Rates are based on credit worthiness of individual borrower and are not intended to be a commitment to the loan type or loan amount for which you may qualify. On approved credit. This page is to be used for informational purposes only.
* APY is an abbreviation for Annual Percentage Yield.
Share Certificates Dividends are Paid Monthly and at Maturity.
Penalties for early Withdrawal are as stated in the Account and Disclosure Agreement. The APY disclosed assumes dividends will remain on deposit until maturity. Withdrawals will reduce earnings. Rates subject to change daily.
Other Fees
- Transaction Fees (Balance Transfer Fees, Cash Advance Fees): $0
- Foreign Transactions: 1% of each transaction in U.S. Dollars
How we calculate your balance
We use a method called “Average Daily Balance.” Information subject to change. Please contact the credit union at 800.222.7455 for current information.
*Rate based on creditworthiness
1Shares to Secure Credit Card (applies to Share Secured credit card): Must secure 100% of credit line in a Cabrillo Share Account
Other Terms
Rate can adjust monthly, but will never increase or decrease by more than 2% per year and is limited to a maximum interest rate of 10% greater than the initial rate. Minimum annual percentage rate is as low as Prime plus 0.50%. Loan offers a 10 year draw period and a 15 year repayment. Balloon payment due on any unpaid balance at maturity date. 80% LTV maximum. Property must be in California and owner occupied. Please consult your tax advisor for possible tax benefits. Rates subject to change. A Home Equity Line of Credit (HELOC) is a loan on your home and the amount of the loan is determined by the equity available.
*APR= Annual Percentage Rate. The rate provided is based on a loan amount of $500,000, owner-occupied, single-family, 1-unit dwelling, 80% LTV, and a FICO score of 740+. Qualifying rates may be based on a combination of your credit score, combined loan-to-value, amount financed, and other factors. Your actual rate may be higher than those shown based on information relating to those factors as determined after applying. Your final APR may vary based upon customary fees and closing costs, which are treatable as interest when calculating your final APR. Rates subject to change without notice. Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period.
