Mobility Vehicle Loans
Mobility Vehicle Loans are for any converted vehicles with adaptive equipment for accessibility.
- Low, fixed-rate/term based on your credit score
- No prepayment penalties or service fees
- .25% discount with auto pay**
- .25% discount with Energy Efficient/Electric Auto
- Terms up to 96 months
| Type of Loan | Term | APR* | Payment/$1000 |
|---|---|---|---|
| New/Used Auto | Up to 36 Months | 7.25% | $30.99 |
| New/Used Auto | 48 Months | 7.50% | $24.18 |
| New/Used Auto | 60 Months | 7.75% | $20.16 |
| New/Used Auto | 72 Months | 8.25% | $17.66 |
| New/Used Auto | 84 Months | 9.25% | $16.22 |
| New/Used Mobility Vehicle Loan | 36 Month | 7.25% | $30.99 |
| New/Used Mobility Vehicle Loan | 48 Month | 7.50% | $24.18 |
| New/Used Mobility Vehicle Loan | 60 Month | 7.75% | $20.16 |
| New/Used Mobility Vehicle Loan | 72 Month | 8.25% | $17.66 |
| New/Used Mobility Vehicle Loan | 84 Month | 9.25% | $16.22 |
| New/Used Mobility Vehicle Loan | 96 Month | 10.25% | $15.32 |
*APR = Annual Percentage Rate. Rate disclosed is based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of 7/21/2023 and are subject to change without notice.
**Automatic loan payments qualifies you for a 0.25% APR reduction, with the exception of the Tuition Assistance Loan. All Personal, Student, Auto, Motorcycle, Trailer, Boat, and RV loans are eligible for an ANNUAL PERCENTAGE RATE reduction of 0.25%.
MIT FCU does not charge for the autopay service.
Discontinuing autopay will result in the loss of promotional 0.25% ANNUAL PERCENTAGE RATE reduction. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase of remaining payments. For example, if Your loan was for $10,000 at 6.4% for 5 years, and the rate increased by 0.25% after 12 months, Your payment would increase by $0.95.
For the life of the loan this offer will never expire. However, the promotion may end at anytime and without notice.
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