People Driven Credit Union offers loan rates on 10 types of loans, all in one place. Whether you are buying a car, financing a home, building credit, or covering an unexpected expense, you can see every current rate on this page before you apply.
PDCU is a member-owned Michigan credit union, which means no outside shareholders. Any margin we earn goes back into serving members through rates and services, not into outside pockets. That is the structural difference between a credit union and a bank, and it shows up on pages like this one.
All rates shown are the starting point. Your actual APR is determined by your creditworthiness, the loan amount, and in some cases the age and condition of the collateral. Rates are updated regularly and subject to change. A 0.25% rate discount is included in the rates shown for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account.
Membership is required to apply. Anyone who lives, works, worships, or attends school in Michigan is eligible to join, along with relatives of current members. Membership starts with a $5 deposit into a Share Savings Account.
Loan Rates:
Rates Effective as of:
-
Auto loan rates for cars, trucks, SUVs, & vans five years old or newer:
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
4.74% 4.74% 4.74% 4.74% 5.24% 5.74% Rates Effective as of:
-
Rebuilt & Salvage Title Auto Loan Rates: Add an additional 2% to the member’s qualifying rate for used vehicles.
Auto loan rates for used cars, trucks, SUVs, & vans older than five years. Add 3.00% to the applicable rate on loans with collateral that is 10 years old or older.
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
4.74% 4.74% 4.74% 4.74% 5.24% 5.74% Rates Effective as of:
-
For cars 26 Years or older. Must have appraisal by licensed appraiser.
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
7.74% 8.80% 8.80% 9.25% 9.50% 9.75% Rates Effective as of:
-
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
7.74% 8.80% 8.80% 9.25% 9.50% 9.75% Rates Effective as of:
-
Loan and financing rates for motor homes, campers, boats, motorcycles, ATVs and snowmobiles. Add 1.00% to applicable rate on loans with collateral that is 11 to 15 years old. PDCU may consider doing a loan with collateral that is older than 15 years (on an exception basis only), in which case 2.00% would be added to applicable rate.
Term
(Months)
≤60
61-84
85-120
121-180
APR*
as low as¹
7.54% 8.65% 9.10% 9.95% Rates Effective as of:
-
For 2nd Homes add 2%, For Bridge Loans add 2%, For Land Loans add 2%, For Investment Properties add 2.5%
LTV <80% Term
(Months)
≤60
61-120
121-180
181-240
APR*
as low as
6.90% 7.55% 8.35% 8.60% LTV >80-90% Term
(Months)
≤60
61-120
121-180
181-240
APR*
as low as
7.40% 8.05% 8.85% 9.10% LTV >90-100% Term
(Months)
≤60
61-120
121-180
181-240
APR*
as low as
7.90% 8.55% 9.35% 9.60% Rates Effective as of:
-
For 2nd homes add 2%, for investment properties add 2.5%
LTV
(Months)
≤80%
>80-90%
>90-100%
APR*
as low as
6.50% 7.25% 8.00% Closing Fee
$295 $295 $295 Processing Fee
$200 $200 $200 Payment
Interest Only Interest Only Interest Only Minimum
$50 $50 $50 Rates Effective as of:
Variable Rate Details
- • Index & Margin – Your APR equals the Wall Street Journal Prime Rate plus a margin of –1.25% to +6.50%, set at closing and based on credit profile and LTV.
- • Adjustment Frequency – The APR and minimum payment adjust on the first business day of each monthly billing cycle as the Prime Rate changes.
- • Rate Caps – Lifetime floor 4.00 %; lifetime ceiling 18.00%.
- • Early-Termination Fee – If the line is closed within 24 months, we will recapture up to $300 and any third-party fees paid on your behalf.
- • Payment Impact – Minimum monthly payment will increase or decrease whenever the APR changes. Primary contact is Darlene Papanichola NMLS#1324757
-
Term
(Months)
≤36
37-60
61-72
73-84
APR*
as low as¹
11.04% 13.10% 14.30% 15.30% Rates Effective as of:
-
Loan Amount
Term
(Months)
APR*
as low as
$500-$999 12 24.71% $1000-$1500 12 24.71% $1501-$2000 12 24.71% Rates Effective as of:
-
Card Type
Visa Rewards Driven Credit Card Visa Rewards Driven Share Secured Credit Card Minimum Payment
3% of Balance, $30 Minimum 3% of Balance, $30 Minimum Term Rate (APR*)
as low as
12.75% 5.25% Intro Rate (APR*)
First 6 Months
3.99% 5.25% Rates Effective as of:
View and read the full Credit Card Agreement.
-
Secured Loan
Max Term
(Months)
APR*
as low as
Share Covered 84 5.25% Credit Builder Loan (Max $2,000) 18 13.00% CD Secured Loan (No Money Market, IRA, or Club Accounts) 84 APY + 3.50% Rates Effective as of:
5.25% -
Type
Minimum Payment
APR*
Line of Credit/Overdraft Protection (ODLOC) 3% of Balance, $30 Mininum 13.45% Rates Effective as of:
Disclosures:
*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.
¹Special Loan Rate Discount: Benefit from a 0.25% reduction when enrolling in our AutoPay service and is included in the “as low as” rate advertised. The discount is available to those with Direct Deposit of payroll, social security, or retirement and AutoPay setup from a People Driven Credit Union checking or savings account.
Payment Example: Monthly payments of $20.00 for each $1,000 borrowed at 6.55% APR for 60 months.
Rates are effective as of today and may change at any time. Penalties apply for early withdrawal. View our Privacy Policy and read our disclaimer regarding links to other sites.
People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
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