Loans

At South Metro Federal Credit Union, we provide solutions for your dreams. Whether you need cash for a home, a car, a boat, a vacation, or any other big purchase, South Metro offers competitive rates on the right loan to make your dreams a reality. We do Business Loans, too!

Best of all, we’ve got friendly staff in-office and lots of resources online to make the whole process easier. Please call or visit one of our locations, or just scroll down for more information.

Loan Applications

Online Loan Application

GAP and MBP online insurance quotesWe also have a loan application on our Mobile Banking App, or you can apply over the phone using Telephone Banking at 1-800-459-8139.

*This loan application line is not for mortgage or Co-Op Share Housing Loans.

Apply Online for a Mortgage

If our Mortgage Center online application will not work for you, our affiliate Servion also accepts online mortgage applications through MortgageBot.

Note: Applying for a mortgage is a major life decision. Our staff of home-buying experts are happy to help. Call us today at 952-445-0888.

You can also request more information about our Co-Op Share Housing loans. Good for Co-op Share refinances, too!  If you have questions, call us at 952-445-0888.

Request more Co-Op Share Housing Information.

Apply thru Our Mortgage Center

South Metro accepts Home Equity loans through our Mortgage Center. Apply online or call for assistance at 952-445-0888.

Don’t miss out on our low-interest VISA card with ScoreCard points and no annual fees. Click here to learn more about our VISA card fees, current rates, and ScoreCard Rewards.

Apply Online.

Moving? Call Member Services at 952-445-0888 and tell us your new address.

Loans Available

Our car loans will take you wherever you want to go. We offer competitive rates and a variety of terms on both new and used vehicles.

Official used car values can be found at www.nadaguides.com.


For reviews and buying advice, check out www.edmunds.com.

Seasons change. Lifestyles change. Experience both with a boat, camper or RV.

South Metro Federal Credit Union will lend up to 100% of the appraised value (new OR used!) and you can take up to 144 months to repay. Check our rates and apply today! Then the only thing left to do is…pack your sunscreen.

Unlock cash for home improvements, automobiles, college education, vacation home, debt consolidation, or just about anything! With a low-interest home equity loan from South Metro Federal Credit Union you can make your dreams a reality.

Call our office at (952) 445-0888 to inquire about South Metro’s HELOC and Fixed Rate Home Equity loans!

Apply Online thru our Mortgage Center

South Metro can help you find affordable housing rates to suit your needs. Whether you’re looking at a co-op loan, a first-time home loan, or considering your refinance options, we are here to help.

Visit the SouthMet Mortgage Center

Applying for a mortgage is a major life decision. Our staff of home-buying experts are always happy to help. Call us today at 952-445-0888.

If it has an engine and you need a loan to buy, call South Metro! Roll with the changes — check our rates and apply today!

South Metro loans

We bring competitive rates, fewer fees, and a more personal approach to lending. Get your next loan at South Metro.

Loan Insurance

With South Metro’s suite of vehicle loan insurance options through Allied Solutions®, your vehicle loan is safe in our hands!

Depreciation Protection Waiver (DPW)

Help protect the equity in your auto loan.
Gain peace of mind knowing the money invested in your vehicle could be protected in the event of total loss. If a covered vehicle is totaled or stolen and not recovered, this solution provides you with a benefit equal to the MSRP or retail value established at enrollment less the amount of the loan balance at time of total loss up to a $10,000 benefit.

Guaranteed Asset Protection (GAP)

Avoid potential loss on a loan should a vehicle be totaled or stolen.
GAP helps you avoid financial loss by waiving all or a portion of the deficiency between a borrower’s payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen, subject to a loan-to-value maximum.

Mechanical Repair Coverage

Gain valuable peace-of-mind and protection against costly vehicle repairs.
Don’t let unexpected car repair stress you out. Ask us about how we can protect you from the high costs of mechanical breakdown with our vehicle extended warranty from Route 66 Extended Warranty.

Debt Protection

Debt protection offers a comprehensive way to protect your financial well-being.
This solution covers all or part of your debt in the occurrence of a protected event, such as death, disability or involuntary unemployment. Depending on the covered event, the debt is canceled as a lump sum or on a monthly payment basis.

Vehicle insurance online quotes from South Metro FCU

Vehicle Loan Insurance

For more information, call 952-445-0888 and speak to a loan officer.

Loan Rates Effective November 13, 2019

Cars and Trucks **

Model Year 2018 or Newer

as low as 2.59% APR*

Model Year 2017 or Older

as low as 3.19% APR*

Boats, Motorcycles, RVs, Motorhomes **

Model Year 2018 or Newer

as low as 2.59% APR*

Model Year 2017 or Older

as low as 3.19% APR*

Other Collateral (Jet Ski, Fish House, ATV, Snowmobile, Dirt Bike, etc.)

Model Year 2018 or Newer

as low as 4.79% APR*

Model Year 2017 or Older

as low as 4.79% APR*

Other Loans

Share Secured

as low as 3.75% APR*

Unsecured Line of Credit

as low as 9.25% APR*

Checking Line of Credit

as low as 9.50% variable APR*

CD Secured

as low as 3.00% over Certificate Rate +

Unsecured Personal

as low as 9.35% APR*

* APR = Annual Percentage Rate. Rates may be higher based on credit score, loan term and Loan to Value (LTV). Add 1.00% APR to loan with collateral older than 2008 and for collateral with high mileage. Rates assume an automatic payment will be set-up. Add .25% APR to rates if a manual payment will be made. All loans subject to credit approval and additional terms and conditions may apply, see a credit union representative for more information.
** Must have a state issued title. Those without a title will be priced as Other Collateral.
+ See Deposit Rate Sheet for current Certificate of Deposit (CD) rates. CD term must match loan term. You may be charged a penalty for breaking terms or conditions of an existing CD.

Home Equity Loans

HE Fixed (no origination fee)

as low as 3.49% APR*

HE Line of Credit++ (no origination fee)

as low as Index – 0.50% APR*

* APR = Annual Percentage Rate. Rates may be higher depending on credit, term and Loan to Value (LTV). Home Equity Loans available in select states only. Consult a tax advisor about the tax deductibility of interest. Closing costs may vary dependent on the loan amount and specific loan terms. Rates assume an automatic payment will be set-up. Add .25% APR to rates if a manual payment will be made.
++ The Home Equity Line of Credit (HELOC) has a variable rate. The APR will vary based on an index. The current index is the Prime Rate as published by The Wall Street Journal. As of 10/31/2019 the Prime rate is 4.75%. The APR will not exceed 18%.

CO-OP Housing Loans

Call 952-445-0888 and select Menu Option 3 to speak to a Mortgage Specialist for rates based on your scenario.

Mortgage Loans

Call 952-445-0888 and select Menu Option 3 to speak to a Mortgage Specialist for rates based on your scenario. NMLS ID#: 1059389

Visit the SouthMet Mortgage Center

Member Business Loans

Call 952-445-0888 and select Menu Option 4 to speak to a Business Loan Specialist about our many business loan solutions.

VISA® Credit Cards (variable rate)

Platinum & Secured

as low as 8.65% APR*

VISA® Gold

as low as 10.65% APR*

VISA® Classic

as low as 14.65% APR*

* APR = Annual Percentage Rate. Credit card rates are variable and the rate offered will be based on your creditworthiness. The APR is subject to change monthly on the first day of the billing cycle to reflect any change in the Index and will be determined by the Prime Rate on the last business day of the previous calendar month as published in The Wall Street Journal to which we will add a margin. The APR will never be greater than 18%. No annual fee. No foreign transaction fees. No balance transfer fees. For more details, see our VISA Agreement.

Get there. Start here.

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Routing #: 091981646  |  NMLS ID # 1059389

WEBSITE ACCESSIBILITY NOTICE
We at South Metro Federal Credit Union are committed to the digital inclusion and providing a website that is accessible to the widest possible audience in accordance with certain standards and guidelines. We are striving consistently to conform to WCAG 2.0 Level AA of accessibility. If you run into any barriers, please reach out to us at 952-445-0888 or MemberServices@SouthMet.com.

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