Rates and Terms as of September 26, 2023
New and Used Car and Truck Loans
|
Year |
Term |
Rate as low as |
APR1 as low as |
|---|---|---|---|
|
2018 - 2024 |
60 mos. |
6.70% |
6.70% |
|
|
72 mos. |
6.89% |
6.89% |
|
|
84 mos.2 |
6.99% |
6.99% |
|
2015 - 2017 |
60 mos. |
6.84% |
6.84% |
|
2014 |
60 mos.3 | 9.49% | 9.49% |
1APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 6.70% with a 60-month term, you would make 60 monthly principal and interest payments of $491.50. 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.
Motorcycles, 4-Wheelers, UTVs, Snowmobiles, and Personal Watercraft
|
Year |
Term |
Rate as low as |
APR1 as low as |
|---|---|---|---|
|
2018 - 2024 |
60 mos. |
7.00% |
7.00% |
|
2018 - 2024 |
84 mos. |
7.50% |
7.50% |
1APR = Annual Percentage Rate. Payment example: On a $20,000 loan at 7.00% with a 60-month term, you would make 60 monthly principal and interest payments of $396.02. 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.
Boats, Travel Trailers and Motor Homes
|
Year |
Term |
Rate as low as |
APR1 as low as |
|---|---|---|---|
|
2017 - 2023 |
60 mos. |
8.00% |
8.00% |
|
2017 - 2023 |
84 mos. |
8.50% |
8.50% |
|
2017 - 2023 |
144 mos. |
8.99% |
8.99% |
1APR = Annual Percentage Rate. Payment example: On a $25,000 loan at 8.00% with a 60-month term, you would make 60 monthly principal and interest payments of $506.91. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% down payment may be required. For additional details contact an Eastern Michigan Bank location near you.
Recreational Vehicles and Boats $50,000 and Above
|
Year |
Term |
Rate as low as |
APR1 as low as |
|---|---|---|---|
|
2017 - 2023 |
180 mos. |
10.00% |
10.00% |
1APR is Annual Percentage Rate. Payment example: On a $50,000 loan at 10.00% with a 180-month term, you would make 180 monthly principal and interest payments of $537.30. Your actual rate may vary based on your credit score. Actual loan amount is subject to NADA value and a 20% 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 2012 - 2016
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. |
18.25% |
18.25% |
1APR stands for Annual Percentage Rate. Payment example: On a $10,000 loan with a 36-month term, you would make 36 monthly principal and interest payments of $362.78. 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