Headquartered in Chatsworth, Premier America Credit Union is the 21st largest union in California. It was established in 1957 and has a B+ health rating. The membership at Premier America Credit Union is open for all through joining Thousand Oaks Alliance for Arts. It is also open for those who live, attend school, work or worship in Harris County, Texas, Ventura, or Los Angeles Counties in California, and to the family of credit union members. 

Premier America loan options

Premier America Loans

The credit union offers loans for any occasion. You can find personal loans and lines of credit that are designed to keep you in mind. Let us take a look at the options available for you.

Vehicle loans

You will be able to find a good deal on financing your new vehicle. Premier America offers a loan for the purchase of a new and reused vehicle. For a new vehicle loan, the interest rate is as low as 1.74% and the tenure ranges from 36 months to 84 months. The financing is up to 120% of the cost of purchase. For new motorcycles, you can get 100% of the funding with a term ranging from 36 months to 66 months and an APR as low as 4.99%. Further, there is 100% funding for a new recreational vehicle with an APR as low as 5.34% and a term ranging from 75 months to 240 months. 

Mortgage loans

There are fixed-rate loans and adjustable-rate mortgage loans offered by Premier America. The fixed-rate loan is an investment property loan with a conforming and jumbo loan option. It offers financing up to 80% of the loan to value with approved mortgage insurance. The loan has competitive rates and tenure ranging from 10 years to 30 years. 

The No cost jumbo mortgage loan is for those who want to buy a home but do not have the money to cover the upfront charge. It is ideal for loans over $510,400 with terms ranging from 10 years to 30 years and financing up to 80% of the loan to value with approved mortgage insurance. 

Adjustable-rate mortgage loans are ideal for those who intend to stay in the home for a small period. The loan has low interest for the initial fixed-rate period. It can be used for an investment property or second home and there is no prepayment penalty. 

Business loans

If your business needs funds to grow, you can apply for a business loan with Premier America. The credit union offers a business line of credit, working capital loans, and a business Mastercard. It is advisable to consider your business needs and then choose the borrowing option. It also offers loans for business use commercial vehicles and real estate financing for office, retail, apartment, and multi-use properties. Contact Premier America to get details about the tenure and interest rate. Real estate financing is available for properties in California only. 

Home Equity loans

Tap into the equity of your home and use it for your needs. You can get home equity loans from Premier America at a fixed rate and for a term as high as 15 years. The loan amount ranges from $10,000 to $500,000 with financing as high as 80% of the value. Besides the loan, you can apply for a line of credit with low rates and no annual fees. There is a 6-month introductory rate of 1.99% APR and financing up to 80% LTV. After the introductory period, a rate of 3.50% to 7.50% APR will be applicable. 

Credit cards

The credit card account has three options:

  • Premier Privileges Rewards Mastercard
  • Student Mastercard
  • Standard Mastercard

In all three credit cards, there is no annual fee, no over limit fee, no balance transfer fee, and no foreign transaction fee. You earn rewards on purchases in premier privileges rewards card. Additionally, there is a 0% APR for the first six months for all three cards and after the end of the introductory period, there is a variable APR starting from 10.50%.

Considering the loan options and the rate of interest, Premier America’s offerings are much better than many other loan providers. Since it is a credit union, it has a long tenure and quick approval. The exact interest rate will be based on the type of loan and the amount of loan. It is best to contact the team to know more. 

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