SF Bay Area credit union with best personal loan rate?
June 28, 2011 7:10 AM Subscribe
Which San Francisco area Credit Union offers the lows rate personal loan? Patelco, Golden One, SF Police, or _________?
posted by unclezeb to work & money (7 answers total) 1 user marked this as a favorite
I'm buying a salvage title prius from a trusted friend who has driven it for 40k miles and 4 years with no problems. I'm aware of the risks in a salvage car buy, but my mechanic confirms everything is as it should be, I've seen the "before pictures", and it's a go!
We can afford to pay cash, but would prefer to finance part of the purchase so we can maintain $5,000 in our "emergency fund." Salvage cars generally cannot be financed by a auto loan from a bank as they make poor collateral. So I'm looking for a low interest rate personal loan that I expect to repay over 1 year (give or take a few months).
I bank with Patelco (after they bought my old bank, Cal State 9). Patelco's personal loan rate is 15%.
SF Police is 10.49%.
Golden One is 14.49%.
Provident is 9.990%.
Travis is 10.99% - 18.4%
Any other ideas? Our family is in the Bay Area and includes an public educator and County employee and many other qualifications for Credit Union membership so please don't limit your recommendations.
Alternatively, do you know of a bank/credit union that would give a loan on a salvage car?