Loan Rates

New & Used Auto Loans

Grades are a combination of FICO score and other conditions. These rates are effective on October 1, 2022. Credit grades are as follows:
A+ > 740; A = 739 to 690; B = 689 to 650; C = 649 to 620; D = 619 to 580; E = 579 to 0

Additional Loan Rate Information:

Interest rate add-ons may be applicable for your loan based on one or more of the following factor(s):

- Gas vehicles with over 100,000 miles = add 1.50%*

- Diesel vehicles with over 250,000 miles = add 1.50%*

- 100%+ of NADA value = add 1.00% APY*

- 72 & 84 month terms are only available on new vehicle loans (no used vehicles)

- A new vehicle is defined as a vehicle that has never been titled.

- Vehicle age >3 years adds 1.00% APY* to your rate.

- Vehicle age >7 years starts automatically at a B score rate (Even for A+ & A score borrowers).

• If your credit score is worse than a B score rate, your rate will be increased accordingly.

- Vehicle age >20 receives an unsecured interest rate based on your credit score and the requested term of the loan.

RV, Motor Homes, Campers, Boats, Motorcycles, & 4-Wheelers

Financing of credit union products such as GAP, warranty, credit and/or disability may cause loan to go over max allowable for all A & B grades.

Grades are a combination of FICO score and other conditions. Credit grades are as follows:
A+ > 740; A = 739 to 690; B = 689 to 650; C = 649 to 620; D = 619 to 580; E = 549 to 0

Additional Loan Rate Information:
Interest rate add-ons or discounts may be applicable for your loan based on one or more of the following factor(s):
- Be a member for 10+ years and get a 0.50% discount.
- Be a member for 5+ years and get a 0.25% discount.
- NRV Choice Checking accounts get a 0.25% discount.
- Be enrolled in FIMC and get a 0.25% discount
- ATVs | UTVs | Off-Road Vehicles = add-on 2.00%
- Motorcycles = add-on 2.50%

Unsecured / Signature / Equipment, Etc.

All loans except Mortgage, Home Equity, and credit card are eligible for loyalty or usage discounts.

Grades are a combination of FICO score and other conditions. Credit grades are as follows:
A+ > 740; A = 739 to 690; B = 689 to 650; C = 649 to 620; D = 619 to 580; E = 549 to 0

Unimproved Property Loans-
With Terms of 10, 12, or 15 Years

Other Loans

All loans (except for Mortgages, Home Equity Lines of Credit and VISA Credit Cards) are eligible for loyalty or usage discounts (see our Loan Discount page for more information). No loan rate can go below 1.99% APR*. The Floor rate is equal to the Wall Street Prime rate if not set by BOD. All E loans and Credit Repair Loans have an interest rate of 18% APR*.

*APR = Annual Percentage Rate

Floor rate on real estate is = current Wall Street Prime rate

Loan Coverage Options

Credit Life & Disability for First NRV members

First NRV Credit Union offers its members the chance to opt in/out for Credit Life & Disability Insurance.
This optional service is only offered on various types of loans at First NRV. This is done to help add an extra layer of security for our members in the event of a death or a serious injury. 

Guaranteed Asset Protection (GAP)

For a low, flat rate you can get coverage for up to 125% of the value of the vehicle, RV, boat, or motorcycle's value! This offers you guaranteed protection for your assets and helps you to not worry about the "what-if" scenarios in life.

1. Motor vehicles - $495.00 for GAP coverage

2. PowerSport/Motorcycles - $495.00 for GAP coverage

3. RV/Motor Homes - $495.00 for GAP coverage

4. Watercraft/Boat - $495.00 for GAP coverage

Mechanical Repair Coverage

Available on both new and used cars. Platinum, Silver, and Gold plans. Easiest way to avoid expensive repair bills and our policies are cheaper than dealers coverage. For more details on our mechanical repair coverage, please contact First NRV Credit Union.