Loans Rates and Terms -- ADDENDUM as of 03/27/2008 Medium Risk Rate
|
Type
|
Rate
|
Term
|
| |
|
|
|
New vehicles**
|
8.00%
|
up to 72 months, 90% MSRP
|
|
Used vehicles (6 yrs and NEWER) **
|
8.75%
|
up to 60 months, 80% NADA Retail
|
|
Used vehicles (older than 6 yrs)
|
9.00%
|
up to 54 months, 80% NADA Retail
|
New RV's over $20,000**
under 20,000**
|
8.00%
|
up to 120 months, 90% MSRP *
up to 60 months, 90% MSRP *
|
Used RV's over $20,000**
under 20,000 **
|
8.75%
|
up to 84 months, 80% NADA Retail *
up to 60 months, 80% NADA Retail *
|
* for amounts over $40,000. Applicants may seek special Board approval for term length
|
|
Misc. (not covered)
(motorcycles etc.)
|
8.50%
|
up to 48 months, 90% MSRP New, 80% NADA Retail Used (excl. Non-motorized items)
|
|
Computers, Pianos, Organs
|
To Be Determined
|
To Be Determined
|
|
Real Estate
|
Call for Details
|
Call for Details
|
| Mobile Homes (New) |
14.00% |
up to 120 months |
| Mobile Homes (Used) |
14.00% |
up to 72 months |
|
Unsecured (closed end)
|
12.50%
|
up to 24 months
|
|
Unsecured - revolving
|
16.00%
|
Revolving
|
For Low Risk Category subtract 2.00%, for High Risk Category add 3.00% (for Unsecured Revolving add 2.00% for High Risk Category).
**We currently have a loan special on new vehicles, used vehicles 6 years and newer, and new and used recreational vehicles. Please call for details.
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ALL RATES LISTED ABOVE ARE SUBJECT TO CHANGE
COLLATERAL FOR SECURED LOANS MUST BE TITLED (EXCL. SHARE AND CD SECURED)
|