A Michigan road on a fall day

Vehicle and Personal Loan Rates

Rates and Terms as of July 1, 2020

New and Used Car and Truck Loans

Year

Term

Rate as low as

APR1 as low as

2015 - 2021

60 mos.

2.99%

3.18%


72 mos.

3.39%

3.55%


84 mos.2

3.79%

3.93%

2013 - 2014

60 mos.

3.39%

3.58%

2011 - 2012

48 mos.

4.89%

5.13%


60 mos.3 4.99% 5.19%

1APR = Annual Percentage Rate. Payment example: On a $20,000.00 loan at 2.99% with a 60 month term, you would make 60 monthly principal and interest payments of $360.93. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 10% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

2Loan amount must be $20,000 or higher to be eligible for an 84 month term.

3Loan amount must be $10,000 or higher to be eligible for an 60 month term.

 

Recreational Vehicle Loans (motorcycles, motor homes, travel trailers, boats, personal watercraft, snowmobiles and ATVs)

Year

Term

Rate as low as

APR1 as low as

2012 - 2020

60 mos.

3.75%

3.94%

2012 - 2020

84 mos.

4.00%

4.14%

1APR = Annual Percentage Rate. Payment example: On a $20,000.00 loan at 3.75% with a 60 month term, you would make 60 monthly principal and interest payments of $367.77. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 10% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.

 

Recreational Vehicles and Boats over $20,000

Year

Term

Rate as low as

APR1 as low as

2012 - 2020

144 mos.

4.15%

4.22%

1APR is Annual Percentage Rate. Payment example: On a $25,000.00 loan at 4.15% with a 144 month term, you would make 144 monthly principal and interest payments of $221.51. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 10% down payment may be required. Older vehicle financing may be available. For additional details contact an Eastern Michigan Bank location near you.

RVs and Boats over $100,000

Please contact your nearest Eastern Michigan Bank location for terms and pricing.

Boats and Motor Homes, Model Years 2000 - 2011

Please contact your nearest Eastern Michigan Bank location for terms and pricing.

Personal Unsecured Loan

Term

Rate as low as

APR1 as low as

36 mos.

14.25%

14.62%

1APR stands for Annual Percentage Rate. Payment example: On a $20,000.00 loan with a 36 month term, you would make 36 monthly principal and interest payments of $686.43. Your actual rate may vary based on your credit score. For additional details contact an Eastern Michigan Bank location near you.


All rates are subject to change without notice