Featured Rates

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:
*Competitive Rates
* 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.)
 
 
 

Personal/Signature Consumer Loan Rate

Holiday Loan Special - 35 Days Only

(November 1 - December 24, 2018)

This loan type can be used for a variety of purposes such as emergency funds, college tuition, vacation and holiday needs, and more!
 

Take your pick!

Loan Type Term Rate As Low As
Holiday Special Personal/Signature Loans
up to 24 Months
3.99% APR*
Holiday Special Personal/Signature Loans
up to 36 Months
4.99% APR*
 
Holiday Special Personal/Signature Loans
up to 48 Months 
5.99% APR*


Other rates and terms available and may vary depending on amount financed. 
 
 
 
 

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.

Loan Type Term Rate As Low As
New/Used Auto up to 24 Months 1.99% APR*
New/Used Auto up to 48 Months 1.99% APR*
New/Used Auto up to 66 Months 2.24% APR*
New/Used Auto up to 72 months 2.49% APR*
New/Used Auto up to 78 Months 2.74% APR*
New/Used Auto
up to 84 Months 3.74% APR*
Classic Auto**
**(Conditions & Restrictions
may apply.)
up to 24 Months
(Other terms available)
6.49% APR*
(Other Rates Available)

*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.

Loan Type Term Rate As Low As
New/Used Motorcycle up to 48 Months 3.38% APR*
New/Used Motorcycle

New/Used ATV

New/Used ATV
 
up to 66 Months

Up to 36 Months

Up to 40 Months
 
(Other rates & terms
available on ATVs)

3.63% APR*

2.99% APR*

3.24% APR*

Apply for a motorcycle loan!


Recreational Vehicles (RVs, Campers, Golf Carts, & Enclosed Trailers)

New: Up to 100% financing with approved credit up to $100,000 purchase price and up to 90% if over $100,000 purchase price not to exceed $200,000.
Used: Up to 100% financing with approved credit not to exceed $200,000.
Loan Type Term Rate As Low As
New/Used RV up to 66 Months 3.24% APR*
New/Used RV up to 78 Months
3.79% APR*
New/Used RV
New/Used RV
up to 90 Months
up to 120 Months
4.04% APR*
4.29% APR*
New/Used RV
New/Used RV
up to 144 Months
up to 180 Months
4.54% APR*
4.79% APR* 


Boat, Motor and Trailer Rates

New: Up to 100% financing of the Purchase Price.
Used: Up to 100% financing of the Retail Price.
Loan Type Term Rate As Low As
New/Used up to 66 Months 2.89% APR*
New/Used up to 84 Months
4.49% APR*
New/Used

New/ Used
up to 120 Months

up to 144 Months
4.89% APR*

5.24% APR*
New/Used up to 180 Months 6.74% APR*

Farm Equipment

New: 100% of Purchase Price - not to exceed $50,000.
Used: The Appraised Value up to $50,000.
Loan Type Term Rate As Low As
New/Used up to 84 Months 4.24% APR*



Apply for farm equipment loan! 


 

Visa® Credit Card Rates

No Annual Fee & No Balance Transfer Fee, plus earn CU Reward points on qualifying purchases.
Loan Type Term Rate As Low As
Visa ® Classic
Revolving
10.50% APR*
Visa ® Gold
Revolving
8.90% APR*

Mortgage Rates & Home Equity

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.
 
 

Secured Loans


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. Contact or visit the Credit Union to apply for this loan type.

 
 
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. Credit Union reserves the right to terminate any loan rate or special offer at any time. 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*.