Loan Rates

Your Money Is Safe

Safety and security are two major considerations when evaluating any financial institution. You can rest assured that your money is safe with N.J.L. & P.S. Credit Union. In fact, credit unions are the most secure of all financial organizations in the world.

Protected by the National Credit Union Administration (NCUA), an agency of the United States Government, member's deposit accounts are insured for up to a combined total of $250,000. No one has ever lost a penny placed in trust with a federally-insured credit union (in compliance with the Federal Truth-In-Savings Act).

Loan Rates - Auto loans, Personal Loans, Visa Cards

Rates Effective 07/01/14

Auto Loans - New and Used

Auto Loans - New Rates .25% discount if payroll deducted

We lend 100% of Kelly Blue Book - New Car Guide

24 - 72 MO Term 2.24% - 11.99% Rate is determined by credit risk score.
Auto Loans - Used

We lend 100% of Kelly Blue Book - Used Car Guide
Terms Determined by Age of Car - Up to 7 years
.25% discount if payroll deducted

24 -72 MO Term 2.74% - 12.99% Rate is determined by credit risk score.

Personal Loans/Unsecured

Personal Loans/Unsecured

Rate is determined by credit risk score.

Up to 48 MO Term Up to $10,000 maximum
Closed End 10.00% - 16.00%
Open End - Credit Line 10.00% - 14.00%
Due to the increasing cost of processing all loans, there will be a $5 fee assessed to member's account if
loan is not approved due to derogatory or delinquent credit.

Visa Cards

Visa Cards APR Limit
Gold 10.9% APR $5000 - $15,000 Credit Limit
Classic 12.9% APR $500 - $5000 Credit Limit

Home Equity Loans

Fixed Rate Terms
80%
80%
90%
90%
100%
100%
 
market value
w/payroll deduct
market value
w/payroll deduct
market value
w/payroll deduct

** Up to 100% of Market Value for Qualified Members **

3 years 3.54% 3.29% 4.54% 4.29% 5.54% 5.29%
4 years 3.59% 3.34% 4.59% 4.34% 5.59% 5.34%
5 years 3.69% 3.44% 4.69% 4.44% 5.69% 5.44%
7 years 4.04% 3.79% 5.04% 4.79% 6.04% 5.79%
10 years 4.19% 3.94% 5.19% 4.94% 6.19% 5.94%
** Please call our Loan Department at 609-393-1363 for complete details.

Education Loans

Amount
Rate
 
$5000 - $15000
6.25% (Prime Rate PLUS 3.00%)
 
* All checks made payable directly to school.