Autos* **
Rates Effective: May 1, 2021
| Credit Score | Up to 48 Mos. | 66 Mos. | 72 Mos. | 84 Mos. |
|---|
| 730 + | 2.74% | 3.24% | 3.49% | 3.99% |
| 700-729 | 3.24% | 3.74% | 3.99% | 4.49% |
| 680-699 | 3.74% | 4.24% | 4.49% | 4.99% |
| 660-679 | 4.74% | 5.24% | 5.49% | 5.99% |
| 640-659 | 5.99% | 6.49% | 6.74% | 7.24% |
| 620-639 | 7.74% | 8.24% | 8.49% | |
| 600-619 | 7.99% | 8.49% | 8.74% | |
| 580-599 | 10.24% | 10.74% | 11.24% | |
| No Score w/Cosigner | 5.99% | 6.49% | 6.74% | 7.24% |
*Minimum Loan Amount: $5,000. Maximum Loan Amounts: New $65,000; Used $45,000. These APRs assume purchase of a vehicle under 5 calendar years. Your final APR may be higher depending upon the age of the vehicle. 72 month term is only available on financing of $15,000 or more. 84 month term is only available on financing of $20,000 or more. Payment example: Loan amount of $12,000 at 2.74% APR for 48 months would have monthly payments of $264.24. All vehicles must be titled and registered in the state of California in order to be eligible for financing.
**0.25% rate reduction for borrowers who enroll in Auto Pay at time of funding.
0.25% rate reduction for full Electric Vehicles. No rate reduction given for hybrid vehicles.
0.25% rate reduction for Member Loyalty. Must have current mortgage loan with Bay Federal or an active checking account open prior to 4/1/2020.
Lowest rate available 2.24%.
Motorcycle Loans†
Rates Effective: May 1, 2021
| Credit Score | Up to 48 Mos. | 66 Mos. | 72 Mos. | 84 Mos. | LTV |
|---|
| 730+ | 4.74% | 5.24% | 5.49% | 5.99% | 110% |
| 700-729 | 5.24% | 5.74% | 5.99% | 6.49% | 110% |
| 680-699 | 5.74% | 6.24% | 6.49% | 6.99% | 105% |
| 660-679 | 6.74% | 7.24% | 7.49% | 7.99% | 105% |
†Minimum Loan Amount: $5,000. Maximum Loan Amounts: $50,000. These APRs assume purchase
or refinance of a vehicle under 5 calendar years. Your final APR may be higher depending upon the
age of the vehicle. 72 month term is only available on financing of $15,000 or more. 84 month term is
only available on financing of $20,000 or more.
Payment example: Loan amount of $12,000 at 4.74% APR for 48 months would have monthly
payments of $274.96. All motorcycles must be street legal and titled and registered in the state of
California in order to be eligible for financing.
.25% rate reduction for borrowers who enroll in Auto Pay at time of funding
.25% rate reduction for Member Loyalty. Must have current mortgage loan with Bay Fed or an active
checking account open for a minimum of 4 months.
Lowest rate available 4.24%.
Recreational Vehicle Loan Rates††
Rates Effective: May 1, 2021
| Credit Score | 84 Mos. | 144 Mos. | LTV |
|---|
| 700 + | 5.99% | 6.49% | 100% |
| 660-699 | 6.24% | 6.74% | 90% |
†† Minimum Loan Amount: $5,000. Maximum Loan Amounts: New $100,000; Used $70,000. These
APRs assume purchase or refinance of a vehicle under 10 calendar years. Your final APR may be
higher depending upon the age of the vehicle.
Payment example: Loan amount of $20,000 at 5.99% APR for 84 months would have monthly
payments of $292.10.
.25% rate reduction for borrowers who enroll in Auto Pay at time of funding
.25% rate reduction for Member Loyalty. Must have current mortgage loan with Bay Fed or an active
checking account open for a minimum of 4 months.
Lowest rate available 5.49%
Savings Secured
Rates Effective: April 1, 2021
| Term | Max. Limit | APR |
|---|
| 60 Month Max. No Credit score required | Account Balance | 3.99% |
Signature Line of Credit
Rates Effective: May 1, 2021
| Term | Max. Limit | APR |
|---|
| Revolving Credit Score: 700 + | $10,000 | Prime + 4.00% |
VISA Credit Card Interest Rates and Interest Charges
Rates effective: March 16, 2020
Annual Percentage Rate
(APR) for Purchases,
Balance Transfers and
Cash Advances. |
Visa Gold: 9.99%
Visa Gold Plus: 11.99%
Visa Classic: 14.24%
These APRs will vary with the market based on the Prime Rate.
|
Paying Interest
|
Your due date is at least 21 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month |
For Credit Card Tips from
the Consumer Financial Protection Bureau |
To learn more about factors to consider when applying for or using a credit card, visit the website at the Consumer Financial Protection Bureau (www.consumerfinance.gov/learnmore). |
| Fees: |
| Annual Fee |
None |
| Transaction Fees: |
| Cash Advances |
Either $2 or 2% of the amount of cash advance, whichever is greater. |
| International Transactions |
None. |
| Penalty Fees: |
|
| Late Payment |
Up to $39.00 |
| Returned Payment |
Up to $28.00 |
Balance Computation Method: Average daily balance including new purchases.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is
provided in your account agreement.
Personal Loans*
Rates Effective: May 1, 2021
| Credit Score | Max. Loan | Up to 48 months |
|---|
| 740+ | $50,000 | 6.99% |
| 700-739 | $30,000 | 8.49% |
| 660-699 | $10,000 | 9.99% |
*Minimum loan amount is $1,500.
*Loan Amounts over $30,000 are eligible for 60 month term at same rate.
Payment example: Loan amount of $5,000 at 7.25% APR for 48 months would have monthly payments of $120.33.
Certificate Secured
Rates Effective: May 1, 2021
| Term | Max. Loan | APR |
|---|
| Due at Maturity No Credit score required | Account Balance | Certificate Rate + 2.25% |
Rates are subject to change daily. To obtain current rate information, please call us at 831.479.6000 or toll-free at 888.4BAYFED, or visit our website at www.bayfed.com.
All loans are subject to credit approval and income documentation.
APR= Annual Percentage Rate LTV= Loan to Value