New Horizons Credit Union offers a wide array of loan products at affordable rates and terms for every phase of our member's lives and offer "solutions for the real world." Any member, in good standing, may apply for a loan. We offer an Online Loan Application to make applying for a loan - quick, easy and hassle-free.
Our Credit Union has a loan to fit most any need with:
* Flexible Terms
* Credit Life & Credit Disability Insurance
* Extended Warranty & Gap Coverage
* No hidden charges or pre-payment penalties
* Interest calculated on unpaid balance daily
BELOW IS A LIST OF OUR CONSUMER LOANS, RATES & TERMS.
(For Mortgage & Home Equity Products - click here.)
Auto Rates - Limited time special - No Payment for 90 days option.
Up to 100% financing with approved credit up to MSRP for New Autos and up to 100% NADA Retail on Used Autos. Other conditions and restrictions may apply. Terms and rates are based on an evaluation of applicant's credit and may vary.
*For a limited time, qualifying members may elect to have "No Payment for 90 Days" with new or used auto loans. Existing NHCU auto loans do not qualify for this limited time special. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. At 1.99% APR a loan amount of $20,000 and a term of 48 months, the monthly payment would be $433.82. Special offer includes new and used cars/trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call toll free 1-800-824-3610 for details on the limited time, no payment for 90 day option. APR - Annual Percentage Rate.
Start Me Up Auto Promotion
This program is designed to provide qualified members, wishing to establish or re-establish credit, with the opportunity to borrow at an affordable interest rate to purchase a vehicle. A New Horizons Credit Union Checking Account is required for this auto loan type. Maximum loan amount is up to $25,000 for a maximum term of 78 months. This promotion is ideal for members with no or limited credit or want to start over. For details on the Start Me Up Promotion, contact the Credit Union at (800) 824-3610. This program is for a limited time and subject to change. Please contact the Credit Union directly for most current information.
Motorcycle & ATV Rates
Up to 100% financing with approved credit and up to 100% of Purchase Price for New and up to 100% of NADA Retail on Used.
For more information regarding mortgages, home equity, and home equity lines of credit (HELOC)***, please click here.
Credit Rebuilder Loans
New Horizons Credit Union's Credit Rebuilder Program is designed to help our members rebuild and re-establish a favorable credit score. If you have filed Chapter 7 and received a discharge within the last 30 months, we can help you start repairing your credit! Contact the Credit Union directly, call 1-800-824-3610, or visit any branch to get started.
This program allows you to use your own funds to secure a loan. These are loans with a Share (savings) or Certificate Account used as collateral. Interest rate is as low as 4.00% Annual Percentage Rate above the posted Dividend Rate earned on the Shares or Certificate Account. This program offers a great way to establish and build credit history.
For Loan Disputes & Inquiries, please write to:
New Horizons Credit Union - Disputes & Inquiries
P.O. Box 1785, Mobile, AL 36633
or Call Toll-Free at 1-800-824-3610 for assistance.
*APR = Annual Percentage Rate. NMLS# 401405. Rates and terms are based on an evaluation of applicant's credit and may vary. Other conditions and restrictions may apply. All loans subject to credit approval. Other rates and terms available based on credit history, equity in home, and length of loan. All rates are subject to change. Contact a New Horizons Personal Financial Specialist for details. For comparison purposes, a 2018 model year auto for $20,000 at a term of 48 months and at a 1.99% APR* would have 48 recurring payments of $433.82. New Horizons Credit Union is an Equal Housing Lender. Contact the Credit Union directly for the most current rates and terms at 1-800-824-3610.
***For variable HELOC, the maximum annual percentage rate shall not exceed 18.00% APR*.