Homeowners Vehicle Loan

If you own a dwelling, you can borrow up to 75% of the value as stated on the Tax Assessed Statement or current appraisal minus first mortgage balance. The interest on this loan may be tax deductible**. SELCO offers loans for all types of new and used vehicles. Our credit-union advantage allows us to offer lower interest rates (fixed or variable) to members. And automatic loan payments (deducted from your SELCO account) are not only convenient but they lower your rate as well.

• Trucks
• Vans
• Sport Utility Vehicles
• Motorcycles
• Recreational Vehicles (minimum 10% down required)
• Boats (minimum 10% down required)
• Up to 100% financing available (exceptions listed above on RV and Boat loans)
• Low rates on Auto Insurance with SELCO Insurance Services

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*Automatic Payment: within range of interest rates shown above, you may elect automatic payment. Without automatic payment, rate increases by 1/2% (.5%).
Consumer Loan Late Payment Fee: $25 when payment is 11 days past due.
N.A.D.A. valuation quote Fee: $2.00 (waived if vehicle loan is closed at SELCO).
Collateral Protection Administrative Fee: $50 assessed if member fails to provide proof of insurance and SELCO must obtain insurance to protect security interest.
Skip Payment Fee: $30 (you can skip your loan payment upon approval (consumer loans only).

**Consult a tax professional about tax deductibility.