Finty
Warwick Credit Union

Warwick Credit Union Auto Loans

Variable rate

A personal loan from Warwick Credit Union, with rates from 13.75% a year.

Written byDavid Boyd
Interest rate a year, from
13.75%
Comparison rate, from
14.86%
Establishment fee
$150
Monthly fee
Not published
Borrow
$4,000 to $50,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 13.75%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$681
Total repayments
$24,521
Interest
$4,521

Loan details

Rates

Interest rate (a year)
13.75%
Comparison rate (a year)
14.86%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$4,000 to $50,000
Loan term
Not published
Establishment fee
$150
Monthly fee
Not published

How it compares

Against the other car loans we compare. Typical means the middle half of them.

Comparison rate

14.86%

From 14.86%. A typical loan starts at 9.35%.

Cost of $20,000 over 5 years

$7,917

Interest and fees at its starting rate. Typical is $5,746.

Setup fee

$150

A typical setup fee is $520.

Most you can borrow

$50,000

Typically you can borrow up to $95,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 13.75%, so the rate you see is the rate you get.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher starting rate. Its comparison rate starts at 14.86%, above the typical 9.35%, so it's likely to cost more than most similar loans unless you're offered less.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.