Auto & Personal Loans

Our goal is to help members obtain loans as easily and inexpensively as possible. So, we've designed loan options to fit your budget and borrowing needs, with competitive interest rates, simple, straightforward terms, and fast, convenient service. Our not-for-profit status allows us to offer interest rates that are lower than most banks, savings and loans, and finance companies. You can even sign up for Automatic Payments with a payroll deduction or
automatic transfer from your Checking Account.

SIGNATURE LOAN
Looking for a personal loan between $1,000 and $12,000? Then this option is for you. You can Payoff credit cards, make home improvements, or take a vacation. We have money waiting for you. View our current rates.

SHARE SECURED LOAN
We recognize the importance of growing your savings and maintaining it over time. That's why we offer Share-Secured Loans that allow you to use funds now without using the savings you've worked so hard to build! Share-Secured Loans are secured by funds in your savings account. Borrow up to 100% of your share balance, while your savings remain in the account. The minimum loan amount is $1000. Payment terms rage from 12-60 months. View our current rates.

Vehicle Secured Loan
This loan is secured by a vehicle. The money may be used to payoff credit cards, home improvements, vacation or whatever purpose you decide. For Financing to NADA Retail add 1.00%apr. to rates listed.

View our current rates.

NEW VEHICLE LOANS
For those members who qualify (qualification is based on the member's credit history and ability to pay), 100% financing is available, excluding tax and title fees, at 1.0% surcharge above the regular rate. In order to provide a flexible repayment schedule, members can amortize their payment up to six years. The interest rate is slightly higher with longer repayment periods. Applications can be requested by phone by calling our loan department at (847) 670-0459 or you can print / download a copy of the loan application. Once we have your loan application and employment verification, we'll have an answer to you within 24 hours. View our current rates.

USED VEHICLE LOANS
Generally, METRO Federal Credit Union will finance used vehicles up to the loan value (LV) at the regular loan rate, financing to 100% of the average used retail price is available at a 1.00% surcharge. We use the NADA Used Car Book to determine the value of the vehicle. The term of the loan will vary with the year, make, model and mileage for the auto. Members may also borrow from METRO based on the value of a used vehicle they own. This is sometimes an alternative to the unsecured personal loan. A vehicle is considered used if a title has been issued. Applications can be requested by phone by calling our loan department at (847) 670-0459 or you can print / download a copy of the loan application. Applications are also processed at our office. Once we have your loan application and employment verification, we we'll have an answer to you within 24 hours. View our current rates.