Loan Rates
LOANS FOR ALL YOUR NEEDS
Just use our online loan application to apply anytime 24/7! It’s fast, convenient, safe, and secure.
Purchase a new or used auto with competitive financing from Metro. We offer quick pre-approvals and a streamlined application process, so you can get on the road fast!
VEHICLE LOANS (Rates Effective 01/01/20)
Rates As Low As
| LOAN TYPE | MODEL YEAR | UP TO 48 MONTHS | UP TO 60 MONTHS | UP TO 72 MONTHS | UP TO 84 MONTHS | UP TO 120 MONTHS |
|---|---|---|---|---|---|---|
| New Vehicle | 2019-2020 | 2.99%* | 3.29%* | 3.49%* | 3.79%* | N/A |
| Used Vehicle | 2016-2020 2010-2015 | 3.29%* 3.79%* | 3.59%* 4.09%* | 3.79%* 4.29%* | 4.09%* | N/A |
| New Boat/RV/Motorcycle | 2019-2020 | 4.49%* | 4.79%* | 4.99%* | 5.29%* | 5.49%* |
| Used Boat/RV/Motorcycle | 2010-2020 | 4.99%* | 5.29%* | 5.49%* | 5.79%* | N/A |
| Vehicle Title Loan | 2010-2020 | 4.99%* | 5.49%* | 5.79%* | N/A | N/A |
*Rates listed are based on credit history, amount financed and includes automatic payment discount of .25%APR. Rates for purchase or refinance. Financing is 80% of the purchase price for new vehicles and 80% of the NADA/Kelly Blue Book retail value for used vehicles. Up to 125% financing available with an added premium. The minimum loan amount is $20,000 for 72 & 84 months terms. Rates not available to refinance existing METRO loans.
SIGNATURE (PERSONAL) LOAN RATES (Rates Effective 5701/2019)
If you’re looking to consolidate debt, pay for unexpected repairs, make a large purchase, or pay for that dream vacation, we offer great rates, flexible terms and convenient repayment options. Loans available up to $25,000.
Rates As Low As
| LOAN TYPE | UP TO 48 MONTHS | UP TO 60 MONTHS | UP TO 72 MONTHS | UP TO 84 MONTHS | LOAN TERMS |
|---|---|---|---|---|---|
| Signature Loan | 11.99%* | 12.49%* | Loans from $1,000 to $4,999 | ||
| Signature Loan | 9.99%* | 10.99%* | 11.49%* | 11.99%* | Loans from $5,000 – $25,000 |
| Share Secured Loan | 3.99%* | 4.49%* | 4.49%* | Loan amount equal to savings balance | |
| Overdraft Protection Loan | 18.00% | Min Line-of-Credit $1,000 Min payment $100 | |||
| *Rates listed are based on credit history, amount financed and includes automatic payment discount of .25%APR. Rates not available to refinance existing METRO loans. | |||||
MORTGAGE / HOME EQUITY LOAN RATES (Rates Effective 10/09/2019)
Rates As Low As
| Loan Type | TERM | RATE | LTV LIMITS | MINIMUM LOAN |
|---|---|---|---|---|
| Home Equity Line-of-Credit | 20 Years | 5.24%* | up to 50% | $10,000 |
| Home Equity Line-of-Credit | 20 Years | 5.74%* | up to 90% | $10,000 |
| Home Equity Fixed | 5 Years | 5.24%* | up to 90% | $10,000 |
| Home Equity Fixed | 8 Years | 5.74%* | up to 90% | $10,000 |
| Home Equity Fixed | 10 Years | 5.99%* | up to 90% | $10,000 |
| Home Equity Fixed | 15 Years | 6.24%* | up to 90% | $10,000 |
| First Mortgage | 10-30 Years | Please Call | up to 95% | |
| Loan-To-Value (LTV) Generally we will finance up 85% of your homes value. If you qualify, we can finance up 90% with added premium, ask our loan department for more details. Loan applications subject to METRO’s lending guidelines. * The interest rate is determined by adding a margin to the prime rate. The listed rate is for excellent credit, your rate may vary based on your credit score. The rate is subject to change January 1st and July 1st each year. Please consult your tax advisor regarding the deductibility of interest. | ||||
VISA CREDIT CARD RATES
| CARD TYPE | FIXED RATE | MIN CREDIT LINE | ANNUAL FEE |
|---|---|---|---|
| VISA Secured | 13.80%APR | Minimum $500 | $0.00 |
| Visa Classic | 13.80%APR | Minimum $1,000 | $0.00 |
| Visa Platinum | 11.80%APR | Minimum $5,000 | $0.00 |
What is the Prime Rate?
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks and credit unions. Adjustments to the prime rate are made at the same time; although, the rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation with the adjustments of the Fed Funds Rate. Publications may also refer to the Wall Street Prime Rate or the WSJ Prime Rate. In addition to commercial loans and credit card rates, many consumer loans are based upon Prime, including home equity loans, car loans, and personal loans.
PRIME RATE HISTORY
Change Date | Prime Rate |
|---|---|
| 10/31/2019 | 4.75% |
| 09/17/2019 | 5.00% |
| 08/01/2019 | 5.25% |
| 12/20/2018 | 5.50% |
| 09/27/2018 | 5.25% |
| 06/14/2018 | 5.00% |
| 03/22/2018 | 4.75% |
| 12/14/2017 | 4.50% |
| 06/15/2017 | 4.25% |
| 03/16/2017 | 4.00% |
| 12/15/2016 | 3.75% |
| 12/17/2015 | 3.50% |
| 12/18/2008 | 3.25% |
| 10/31/2008 | 4.00% |
| 10/09/2008 | 4.50% |
| 03/30/2008 | 5.00% |