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:
View current loan rates
Jump to view current loan rates
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Auto
Loan rates for new and used cars, trucks and vans, classic cars and exotic cars.
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Recreational Vehicle
Loan rates for motorcycles, boats, RVs, ATVs, and snowmobiles.
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Home Equity
Loan rates for fixed-rate home equity loans and home equity lines of credit (HELOC).
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Personal
Loan rates for unsecured, secured, and quick cash personal loans.
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Credit Card
Rates for the Rewards Driven Credit Card.
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Mortgage
Loan rates for first mortgages.
Current auto loan rates
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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:
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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:
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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:
Current recreational vehicle loan rates
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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:
Current home equity loan rates
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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:
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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
Current rates for personal loans
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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:
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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:
Current rates for credit cards
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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.
Current mortgage loan rates
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For today’s fixed or adjustable first mortgage loan rates, call 616-301-1714 or use this quick (one-minute) form to get a Personalized Mortgage Quote. Down payments are required.
How to compare loan rates
Look at more than the APR*
Loan rates are usually listed as “as low as” APR*. That means the rate shown is the starting point, not a guaranteed rate for every borrower.
When comparing loan rates, look at more than the APR*. The loan term, monthly payment, fees, collateral requirements, and whether the rate is fixed or variable can all affect the total cost of borrowing.
- APR* shows the annual cost of borrowing
- Shorter terms may have higher payments but lower total interest
- Longer terms may lower the payment but increase total interest
- Collateral type and age can affect secured loan rates
- Variable rates can change after the loan is opened
- Fees and closing costs may apply to some loan types
Compare loan options
Not sure which loan type fits your situation? Start here, then review the current rate table below.
| Loan Type | Best For | Rate Type | Learn More |
|---|---|---|---|
| Auto Loan | Buying or refinancing a car, truck, SUV, or van | Fixed APR | Explore Auto Loans |
| RV, Boat, Motorcycle, and Powersport Loans | Financing recreational vehicles, boats, motorcycles, ATVs, and similar collateral | Fixed APR | Explore Vehicle Loans |
| Fixed Rate Home Equity Loan | Borrowing a lump sum using home equity with a fixed repayment term | Fixed APR | Explore Fixed Rate Home Equity |
| Home Equity Line of Credit | Flexible access to home equity with a revolving line of credit | Variable APR | Explore HELOCs |
| Mortgage Loan | Buying, refinancing, or adjusting your home loan strategy | Fixed or adjustable APR | Explore Mortgage Loans |
| Personal Loan | Borrowing without vehicle or home collateral | Fixed APR | Explore Personal Loans |
| Rewards Driven Credit Card | Everyday spending with revolving credit | Variable or fixed APR based on card terms | Explore Credit Cards |
| Share Secured or CD Secured Loan | Borrowing against eligible PDCU savings or certificate funds | Fixed APR | Explore Secured Loans |
| Personal Line of Credit | Flexible access to funds when you need them | Variable or revolving APR | Explore Lines of Credit |
What affects your loan rate?
Your actual rate is based on more than the rate table. PDCU reviews your application, credit profile, loan amount, loan term, and collateral details when applicable.
- Your creditworthiness
- The amount borrowed
- The repayment term
- The type of loan
- The value, age, and condition of collateral
- Loan-to-value ratio for home equity and vehicle loans
- Whether you qualify for available rate discounts
The rate table is a helpful starting point. Your final rate and term are determined after application review and approval.
AutoPay rate discount
Some PDCU loan rates include a 0.25% rate discount for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account.
To qualify, members must have direct deposit of payroll, Social Security, or retirement income and set up AutoPay from a People Driven Credit Union checking or savings account. Eligibility and approval requirements apply.
How to apply for a loan
Once you have reviewed the current rates, you can apply online or contact People Driven Credit Union for help choosing the right loan option.
- Review the current loan rate table
- Choose the loan type that fits your goal
- Gather your income, identification, and collateral information if needed
- Submit your application online or contact PDCU for help
- Review your approved rate, term, and payment before accepting the loan
Membership and loan eligibility
People Driven Credit Union loans are available to qualifying members. Membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
A $5 Membership Share Savings deposit establishes membership. Membership and eligibility requirements apply. Loan approval is subject to credit approval, collateral approval when applicable, and underwriting requirements.
People Driven Credit Union is an Equal Housing Opportunity Lender. NMLS #776727.
Frequently asked questions
APR stands for Annual Percentage Rate. It represents the annual cost of borrowing money and may include interest and certain loan costs. APR helps you compare loan offers more accurately than interest rate alone.
No. Rates shown are starting rates. Your actual APR may vary based on creditworthiness, loan amount, loan term, collateral type, collateral value, collateral age, and other underwriting factors.
Loan rates may change at any time. Review the current rate table before applying, and confirm your approved rate and terms before accepting a loan.
The rate shown is the lowest available starting rate for qualified borrowers. Your approved rate may differ based on your application, credit profile, loan amount, term, collateral, and other approval factors.
Some listed rates include a 0.25% rate discount for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account. Eligibility requirements apply.
Yes. Vehicle age, condition, title type, value, and collateral type may affect the available APR. Older vehicles, rebuilt titles, salvage titles, and certain recreational vehicles may have rate adjustments.
Fixed Rate Home Equity Loans have fixed rates and fixed repayment terms. Home Equity Lines of Credit usually have variable rates, which means the APR and payment may change over time.
For current fixed or adjustable mortgage loan rates, call 616-301-1714 or request a personalized mortgage quote. Mortgage rates depend on the loan type, term, credit profile, down payment, and other factors.
Membership is required to receive a loan from People Driven Credit Union. If you are eligible for membership, you can usually complete the membership process as part of your account or loan setup.
No. Loan rates are based on approval criteria. Creditworthiness, loan amount, term, collateral, and other factors can affect your final rate.
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.
All other trademarks are the property of their respective owners.
Explore loans from People Driven Credit Union
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Vehicle
Financing options for new cars, trucks, SUVs, motorcycles, boats, ATVs and RVs.
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Home Equity
Use the equity in your home to capitalize on a lower rate. Explore Fixed-Term Home Equity Loans and HELOCs.
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Personal
Personal loans, personal lines of credit, and loans for anything or everything.
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Mortgage
Personalized service, competitive rates, and flexible financing options tailored to your needs.
Learn more about loans...
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