Featured Loan Rates

New Horizons Credit Union offers a wide array of consumer loan products at affordable rates and terms for every phase of our member's lives and offers "solutions for the real world." 
 
Our menu of consumer loans are listed below:
•  Personal/Signature Loan
•  New & Used Auto Loans
•  Motorcycle Loan
•  Recreational Vehicle Loan
•  All Terrain Vehicle (ATVs), Dirt Bikes, & Golf Cart Loans
•  Farm Equipment Loans
•  Fresh Start Loan
 
If you are looking for a home loan, we have a variety of mortgage products to choose from.  Simply visit our Mortgage Center page by clicking here.
 
Any member, in good standing, may apply for a loan.  New Horizons Credit Union looks for all the ways to best serve our members' needs. We offer an Online Loan Application to make applying for a loan - quick, easy and hassle-free. Plus, we offer convenient branch appointments for those who prefer to apply in person.  Branch appointment can be made by clicking here.   All rates and terms are based on an evaluation of applicant's credit and may vary.  Other conditions and restrictions may apply for each loan type.  All loans are subject to credit approval. New Horizons Credit Union does not refinance it's own loans.

Our Credit Union has a loan to fit most any need with:
  • No payment for 90 day option on most consumer loans excluding our Credit     Rebuilder Loan, Fresh Start Loan, Start Me Up Loan, Visa® Credit Cards, and   Mortgage/Home Equity Loans.*
  • Competitive Rates
  • Flexible Terms
  • Credit Life & Credit Disability Insurance
  • Extended Warranty & Gap Coverage
  • No hidden charges or pre-payment penalties
  • Interest calculated on unpaid balance daily

BELOW IS A LIST OF OUR CONSUMER & UNSECURED LOANS, RATES & TERMS.  

(For Mortgage & Home Equity Products - click here.)
 
Use our calculator to estimate your loan payment and options. 

 

Personal/Signature Loan:

Large Purchases, Travel Needs, Debt Consolidation & More

This loan type can be used for a variety of purposes such as large purchases, consolidating debt, traveling, emergency funds, college tuition, building credit, medical expenses, special occasion shopping and more.
 
Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. Rates and terms may change. For comparison purposes, a $5,000 Personal Loan for a term of 36 months at 10.99% APR* would have 36 recurring payments of $163.67. Other rates and terms are available and may vary depending on amount financed. Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors. Use our calculator to estimate loan payments and options.
Loan Type Term Annual Percentage Rate*

Personal/Signature Loan

up to 36 Months

as low as 10.99% APR*






Horizons Heroes Account (Loan rate discount)* 


Here's how our Horizons Heroes Account works:
Active first responders, active military personnel, active physicians, active nurses, and current educators (teachers/professors) may qualify for a "Horizons Heroes" account as the prime member on the account. Joint owners on accounts do not qualify. To receive the following perks, the primary member must be in good standing and have the following with New Horizons:
 
  • Savings Account
  • Checking Account 
  • Direct Deposit, or Automatic Payment, or E-Statements
Horizons Heroes will receive:
  • .25% APR* discount on Consumer & Personal Loans**
  • .25% APY increase on our Certificate Account Rates***
  • Free 24/7 Online & Mobile Banking 
  • Free access to over 55,000 ATMs through Allpoint ATM Network 
  • Free 24/7 Voice 24 Telephone Account Access
  • Free Notary Services
*For full details on our Horizons Heroes Accounts, click here.
 
 

Refi Your Ride...Whatever it may be!

Enjoy Up to 2.00% APR* OFF Your Current Rate**

*APR =Annual Percentage Rate.  **Rates based on an evaluation of applicant's credit and may vary on creditworthiness, qualifications, and collateral conditions. All loans subject to credit approval.  The Credit Union reserves the right to cancel this offer at any time. Vehicle loans must be transferred from another financial institution, show a history of timely payments, and be in good standing. Types of vehicle loans accepted for this program must be vehicle loans NHCU can finance. Proof of current rate is required from outside lender. Rates may be reduced up to 2.00% APR* but will be no lower than 3.99% APR* based on model year. Horizons Heroes Account perks will not apply to this program. Existing NHCU loans do not qualify for refinancing. For comparison purposes a $25,000 vehicle loan for a term of 36 months at 3.99% APR*, the monthly payment would be $737.99.  


New & Used Auto Loans:

No Payment for 90 days option.^^^

Up to 120% financing with approved credit up to MSRP for New Autos and up to 100% NADA Retail on Used Autos. An auto is considered new if it is a 2025 or 2024 model vehicle with less than 15,000 miles. Other conditions and restrictions may apply; and rates and terms may be limited by loan amount, credit history, and other factors.  Not all collateral items qualify for the terms shown. Terms may vary based on the age of the vehicle. Existing New Horizons Credit Unions loans do not qualify for refinancing. Terms and rates are based on an evaluation of applicant's credit and may vary.  Other rates and terms are available and may vary depending on amount financed. All loans are subject to credit approval.  Use our calculator to estimate loan payments and options.
Loan Type Term Annual Percentage Rate*
New Autos (2025, 2024 w/less than 15,000 miles)
 up to 36 Months as low as 3.99%APR*
Used Autos (2023-2019) up to 36 Months as low as 3.99%APR*
Used Autos (2018-2014) Up to 36 Months as low as 5.99%APR*
Used Auto (2013 & Older) Up to 36 Months as low as 7.25%APR*
^^(Conditions & Restrictions may apply.)



Pre-Approved Auto Loan (PAL) & PAL Check

A pre-approved loan (valid for 60-days) puts you in the best bargaining position with the dealer because it's like shopping with cash, allowing you to negotiate the best price without financing involved in the discussion.  There is no fee to get pre-approved, and we'll work with you to determine a price range to fit your monthly budget.  For added assistance, once approved - we can provide you with a PAL Check for a nominal fee.  The benefit of a PAL Check happens when you've found the car of your choice, then simply endorse your PAL Check, give it to the dealer, and drive home in your new car.  Ask any NHCU Loan Officer for more information.


Buying a Pre-owned Car?

Check the vehicle record first to protect yourself from potential problems down the road. New Horizons members can request a CARFAX® report directly from us for just $16.99 (retail value if $34.99).  If you finance with New Horizons, this fee will be refunded following the loan disbursement.  Existing New Horizons loans do not qualify for this offer.


^^^Qualifying members may elect to have "No Payment for 90 Days" on most consumer loans excluding Credit Cards, Mortgage & Home Equity Products, Credit Rebuilder Loan, and Fresh Start Loan. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. Maximum annual percentage rate shall not exceed 18.00% APR. Existing New Horizons CU loans do not qualify. For comparison purpose, an auto loan at 3.99% APR* a loan amount of $25,000 and a term of 36 months, would have 36 recurring payments of $737.99. Taxes and insurance may cause your payment to be higher.  This offer includes new and used cars and trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call 251-316-3240 for details on the no payment for 90 day option and details on all our loan products.  APR - Annual Percentage Rate.




Start Me Up Auto Loan (First Time Car Buyer)

This loan program is designed to help qualified members, such as college graduates, first time car buyers, and those wishing to establish or re-establish credit and start their financial journey with the opportunity to purchase a vehicle and borrow at an affordable interest rate.  A New Horizons Credit Union Checking Account is required for this auto loan type. Maximum loan amount is up to $25,000 for a maximum term of 72 months. For details on the Start Me Up Program, contact the Credit Union at 251-316-3240 or visit any New Horizons Credit Union branch. This program is subject to change. Please contact the Credit Union directly for the most current  rate and term information. Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval.




Credit Rebuilder - Auto Loan

We understand some members may have past credit issues and may want an opportunity to rebuild their credit.  This loan type may be perfect for those situations because the Credit Union may grant an auto loan to members who have filed Chapter 7 or Chapter 13 bankruptcy (must be discharged for six months and is not in active chapter 13).  For details on this Credit Rebuilder - Auto Loan, contact the Credit Union at 251-316-3240 or visit any New Horizons Credit Union branch. This program is subject to change. Please contact the Credit Union directly for most current  rate and term information. Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval.




Motorcycle Loans 

Up to 100% financing with approved credit.  No Payment for 90 day option available.* Rates and terms based on an evaluation of applicant's credit and may vary.  For comparison purposes, a $5,000 Motorcycle Loan for a term of 48 months at 6.25% APR* would have 48 recurring payments of $118.00. All loans subject to credit approval.  Conditions and restrictions may apply; and rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for terms shown. Terms may vary based on the age of the vehicle. Other rates and terms are available and may vary depending on amount financed. Use our calculator to estimate your loan payment and options.

Loan Type Term Annual Percentage Rate*
New/Used Motorcycle up to 48 Months as low as 6.25% APR*



Apply for a motorcycle loan!




Recreational Vehicles (RVs, Campers, & Enclosed Trailers)

No payment for 90 day option available.* Rates and terms based on an evaluation of applicant's credit and may vary.  For comparison purposes, a $35,00.00 RV Loan for a term of 66 months at 5.75% APR* would have 66 recurring payments of $619.83. All loans subject to credit approval. Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for terms shown. Other rates and terms are available and may vary depending on amount financed. Terms may vary based on the age of the vehicle.  Use our calculator to estimate your loan payment and options.
Loan Type Term Annual Percentage Rate*
New/Used RV up to 66 Months as low as 5.75% APR*






All Terrain Vehicle (ATVs), Dirt Bikes, & Golf Cart Loans

No Payment for 90 day option available. Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. For comparison purposes, a $5,000 ATV Loan for a term of 36 months at 6.49% APR* would have 36 recurring payments of $153.22.  Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors.  Not all collateral items qualify for terms shown. Other rates and terms are available and may vary depending on amount financed. Terms may vary based on the age of the vehicle.  Use our calculator to estimate your loan payment and options.
Loan Type Term Annual Percentage Rate*
New/Used ATVs, Dirt Bikes & Golf Carts up to 36 Months as low as 6.49% APR*






Boat, Motor and Trailer Loans

New: Up to 100% financing of the Purchase Price.
Used: Up to 100% financing of the Retail Price.
No payment for 90 day option available.* Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for terms shown.  Terms may vary based on the age of the vehicle. For comparison purposes, a 2025 model year boat for $20,000 at a term of 66 months and at a 5.49% APR* would have 66 recurring payments of $351.77. Existing New Horizons CU loans do not qualify for refinancing.  Other rates and terms are available and may vary depending on amount financed. Use our calculator to estimate your loan payment and options.
Loan Type Term Annual Percentage Rate*
New/Used up to 66 Months as low as 5.49% APR*






Farm Equipment Loans

Up to 100% of Purchase Price.
No payment for 90 day option available.* Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. Other conditions and restrictions may apply; rates and terms may be limited by loan amount, credit history, and other factors.  Other rates and terms are available and may vary depending on amount financed. Not all collateral items qualify for terms shown.  Terms may vary based on the age of the vehicle. Existing New Horizons CU loans do not qualify for refinancing. For comparison purposes, a $20,000 Farm Equipment Loan for a term of 66 months at 6.99% APR* would have 66 recurring payments of $365.87. Use our calculator to estimate your loan payment and options.
Loan Type Term Annual Percentage Rate*
New/Used up to 66 Months as low as 6.99% APR*



Apply for farm equipment loan! 



Fresh Start Loans

This type of personal loan is ideal for members who have experienced unexpected life changes which  have impacted their ability to borrow money.  We know the effects of a credit setback can last for several years.  Through our partnership with GreenPath Financial Wellness, we have created this Fresh Start Loan that may offer members an opportunity to re-establish credit with a small, short-term loan.  Minimum loan amount is $500; Maximum loan amount is $1,500; Maximum term is up to 18 months.  Must make contact with GreenPath Financial Wellness; application fee is $35 for this loan type and must show at least 6 months of non-seasonal employment.  Rate and term based on an evaluation of applicant's credit.  All loans subject to credit approval. Other conditions and restrictions may apply and all details are available by speaking with any NHCU Loan Officer at any branch. Contact the Credit Union directly for current rates and terms.



Visa® Credit Card Rates

No Annual Fee & No Balance Transfer Fee, plus earn CU Reward points on qualifying purchases.  We also offer a New Wave Saver Youth Account Visa Classic Card to help our members 19-24 years of age gain experience and establish credit with lower credit limit.  Visit our Visa Credit Card page for further details and disclosure.^


Loan Type Term Annual Percentage Rate*
Visa ® Classic
Revolving
10.50% APR*
Visa ® Gold
Revolving
8.90% APR*



Secured Loans

This program allows you to use your own funds to secure a loan. These are loans with a Share (savings) or Certificate Account used as collateral. Interest rate is as low as 4.00% Annual Percentage Rate above the posted Dividend Rate earned on the Shares or Certificate Account. A nominal one-time documentation fee may apply. Other conditions and restrictions may apply. This program offers a great way to establish and build credit history. Call 251-316-3240 or visit the Credit Union directly to apply for this loan type.


Coronavirus Assistance Loan

New Horizons Credit Union is helping to serve our members that have been impacted by the Coronavirus. We've developed an emergency loan product with special terms and created additional services to support our members. 

  • Must be a New Horizons Credit Union member in good standing to qualify for assistance.
  • Proof of Hardship may be required, and loans will be subject to credit approval.
  • A Coronavirus Assistance Loan will be funded to Members who have been approved.
  • Other conditions and restrictions may apply.
Please contact any Branch Lender at 251-316-3240 for further details or click here to apply.


Mortgage Products & Home Equity Loans

For more information regarding mortgages, home equity, and our home equity line of credit (HELOC)***, please click here.


Past Credit Issues?  We Offer GreenPath Financial Wellness

If you need the assistance of a debt counselor for credit issues - whether past or present, or just need to talk to a credit expert, our partnership with GreenPath Financial Wellness offers our members access to a confidential financial counselor.  These experts can help you pave the way to improve credit scores and borrowing potential.


Loan Payoff Requests - Instructions

For better accuracy in retrieving information, members must submit in writing a Loan Payoff Request and include their full name, loan type(s) to be paid off, good through date, last four of their social security number or last four of account number, and their signature.  Please submit the request to any NHCU branch in person or you may email the request to payoffrequests@newhcu.org remembering not to include your entire account numbers for security reasons as emails are not secure. If you have any questions, please call (251) 316-3240.  



For Loan Disputes & Inquiries, please write to:

New Horizons Credit Union - Disputes & Inquiries
P.O. Box 1785, Mobile, AL 36633
or Call  Local (251) 316-3240 or Toll-Free at 1-800-824-3610 for assistance.




*APR = Annual Percentage Rate. NMLS# 410405. All rates and terms posted are effective 12/4/2024 and are subject to change without notice. Rates and terms are based on an evaluation of applicant's credit and may vary. Other conditions and restrictions may apply. All loans subject to credit approval. Existing NHCU loans do not qualify for refinancing. Other rates and terms available based on credit history, equity in home, and length of loan. Maximum annual percentage rate shall not exceed 18.00% APR. All rates are subject to change. Maximum loan term may depend on amount of the loan. Credit Union reserves the right to terminate any loan rate or special offer at any time. Consumer loans applications will require a one-time documentation fee. Conditions may apply; and rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for terms shown. Terms may vary based on the age of the vehicle.  Contact a New Horizons CU Loan Officer for details at 251-316-3240 or by visiting any NHCU branch.
 
With the no payment for 90 days, interest will accrue from the date of contract. Qualifying members may elect to have "No Payment for 90 Days" on most consumer loans excluding Credit Cards, Mortgage & Home Equity Products, Credit Rebuilder Loan, and Fresh Start Loan. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time.
 
For comparison purposes, a 2025 model year auto for $25,000 at a term of 36 months and at a 3.99% APR* would have 36 recurring payments of $737.99.  For comparison purposes, a $5,000 Personal/Signature Loan for a term of 36 months at a 10.99% APR* would have 36 recurring payments of $163.67. 

^^A Classic Car (generally over 20+ years old) for comparison purposes, a 1996 classic model year auto for $20,000 at a term of 24 months and at an 8.99% APR* would have 24 recurring payments of $ 913.60.
 
^ Click here to review Credit Card Schumer box disclosure. Depending on loan type, taxes and insurance may cause your payment to be higher. New Horizons Credit Union is an Equal Housing Lender.  Contact the Credit Union directly for the most current rates and terms at 251-316-3240. 
 
The APR is the Credit Union's Standard Rate.  The rate is fixed.  The rate you may qualify to receive may vary depending on individual credit history and underwriting factors.  All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Taxes and insurance will vary which may cause your payment to be higher.  Consumer loan applications will require a one-time documentation fee. Call 251-316-3240 for complete details on any of our loan products.
 
***For variable HELOC, the maximum annual percentage rate shall not exceed 18.00% APR*. Click here for more information about our Home Equity & Mortgage Products.
 
Note: APY stands for Annual Percentage Yield and is associated with deposit type accounts that earn a dividend rate.
 
Consumer Loan Payments can be mailed to New Horizons CU, P.O. Box 2966, Mobile, AL 36652