CONSUMER LOAN RATES AND TERMS
Effective July 22, 2008 |
Automobile Loans - New and Used |
| CREDIT SCORE RANGES |
0 - 12
Months |
13 - 24
Months |
25 - 36
Months |
37 - 48
Months |
49 - 60
Months |
61 - 72
Months |
| "A+" Credit Score
|
3.50%
$ 84.92 |
4.00%
$ 43.42 |
4.25%
$ 29.75 |
4.50%
$ 22.80 |
4.75%
$ 18.76 |
5.00%
$ 16.10 |
| "A" Credit Score
Payment per 1,000 |
5.00%
$ 85.60 |
5.25%
$ 43.98 |
5.75%
$ 30.31 |
6.00%
$ 23.48 |
6.25%
$ 19.45 |
6.50%
$ 16.81 |
| "B" Credit Score Rate
Payment per 1,000 |
6.50%
$ 86.29 |
6.75%
$ 44.66 |
7.25%
$ 30.99 |
7.75%
$ 24.29 |
8.00%
$ 20.28 |
8.25%
$ 17.65 |
| "C" Credit Score Rate
Payment per 1,000 |
7.50%
$ 86.75 |
8.25%
$ 45.34 |
8.75%
$ 31.68 |
9.75%
$ 25.24 |
10.00%
$ 21.25 |
11.25%
$ 19.16 |
| "D" Credit Score Rate
Payment per 1,000 |
11.25%
$ 88.49 |
11.75%
$ 46.95 |
12.50%
$ 33.45 |
13.50%
$ 27.07 |
15.00%
$ 23.79 |
N / A |
| "E" Credit Score Rate
Payment per 1,000 |
14.75%
$ 90.13 |
15.25%
$ 48.60 |
16.00%
$ 35.15 |
16.50%
$ 28.59 |
18.00%
$ 25.39 |
N / A |
Conditions and Restrictions
Finance Values & Down Payment Requirements May Vary - Call 732 - 3686 for Details.
- A+, A & B Credit can reduce rate with 20% down: C, D & E Credit may be required to provide down payment or have equity in the vehicle.
Other Collateral - New and Used |
| CREDIT SCORE RANGES |
0 - 12
Months |
13 - 24
Months |
25 - 36
Months |
37 - 48
Months |
49 - 60
Months |
| "A+" Credit Score
Payment per 1,000 financed |
4.00% $ 85.15 |
4.50%
$ 43.65 |
4.75% $ 29.86 |
5.00% $ 23.03 |
5.25% $ 18.99 |
| "A" Credit Score
Payment per 1,000 financed |
5.50%
$ 85.84 |
5.75%
$ 44.21 |
6.25% $ 30.54 |
6.50%
$ 23.72 |
6.75%
$ 19.69 |
| "B" Credit Score Rate
Payment per 1,000 financed |
7.00%
$ 86.53 |
7.25%
$ 44.89 |
7.75%
$ 31.22 |
8.25%
$ 24.53 |
8.50%
$ 20.52 |
| "C" Credit Score Rate
Payment per 1,000 financed |
8.00%
$ 87.00 |
8.75%
$ 45.57 |
9.25%
$ 31.92 |
10.25%
$ 25.49 |
10.50%
$ 21.50 |
| "D" Credit Score Rate
Payment per 1,000 financed |
11.75%
$ 88.72 |
12.25%
$ 47.19 |
13.00%
$ 33.69 |
14.00%
$ 27.32 |
15.50%
$ 24.05 |
| "E" Credit Score Rate
Payment per 1,000 financed |
15.25%
$ 90.36 |
15.75%
$ 48.85 |
16.50%
$ 35.41 |
17.25%
$ 28.98 |
18.00%
$ 25.39 |
Other Collateral- New and Used Extended Terms |
| CREDIT SCORE RANGES |
61-72
Months |
73-84
Months |
85-96
Months |
97-108
Months |
109-120
Months |
| "A+" Credit Score
Payment per 1,000 financed |
5.50% $ 16.34 |
6.75% $ 14.97 |
7.00% $ 13.63 |
7.25% $ 12.63 |
7.50% $ 11.87 |
| "A" Credit Score |
7.00% $ 17.05 |
8.25% $ 15.71 |
8.50% $ 14.39 |
8.75% $ 13.41 |
9.00% $ 12.67 |
Payment per 1,000 financed |
| "B" Credit Score Rate |
8.75% $ 17.90 |
10.00% $ 16.60 |
10.25% $ 15.31 |
10.50% $ 14.35 |
10.75% $ 13.64 |
Payment per 1,000 financed |
| "C" Credit Score Rate |
11.75% $ 19.42 |
12.75% $ 18.06 |
14.25% $ 17.52 |
16.25% $ 17.68 |
N/A |
Payment per 1,000 financed |
| "D" Credit Score Rate |
N/A |
N/A |
N/A |
N/A |
N/A |
Payment per 1,000 financed |
Conditions and Restrictions
Finance Values & Down Payment Requirements May Vary - Call 732 - 3686 for Details.
- A+, A & B Credit can reduce rate with 20% down: C, D & E Credit may be required to provide down payment or have equity in the vehicle.
Personal Loans |
| CREDIT SCORE RANGES |
0 - 12
Months |
13 - 24
Months |
25 - 36
Months |
37 - 48
Months |
49 - 60
Months |
| "A+" Credit Score
Payment per 1,000 financed |
7.25% $ 86.64 |
7.50% $ 45.00 |
7.75% $ 31.22 |
8.00% $ 24.41 |
8.25% $ 20.40 |
| "A" Credit Score
Payment per 1,000 financed |
8.50% $ 87.21 |
8.75%$ 45.57 |
9.00%$ 31.80 |
9.25%$ 25.00 |
9.50%$ 21.00 |
| "B" Credit Score Rate
Payment per 1,000 financed |
9.50% $ 87.68 |
9.75% $ 46.03 |
10.00% $ 32.27 |
10.25% $ 25.48 |
10.50% $ 21.49 |
| "C" Credit Score Rate
Payment per 1,000 financed |
12.50% $ 89.07 |
13.00% $ 47.54 |
13.50% $ 33.93 |
14.00% $ 27.32 |
14.50% $ 23.53 |
| "D" Credit Score Rate
Payment per 1,000 financed |
16.25% $ 90.84 |
17.00% $ 49.44 |
17.75% $ 36.02 |
18.00% $ 29.37 |
N/A |
| "E" Credit Score Rate
Payment per 1,000 financed |
18.00% $ 91.67 |
18.00% $ 49.92 |
18.00% $ 36.15 |
N/A |
N/A |
Conditions and Restrictions
-
The maximum amount allowed MAY vary depending upon the individual debt ratio and credit score of the member applying.
For details contact the loan department at 732 - 3686.
-
Debt consolidation and bill paying loans WILL BE considered higher risk and will carry "C" rates with collateral; and "D" rates without collateral. This higher risk interest rate charge will be enforced REGARDLESS of the credit score the member receives on their credit report. COLLATERAL MAY BE REQUIRED ON DEBT CONSOLIDATION LOANS.
100% Share Pledged
- The credit union offers loans using 100% of the balances in shares and/or share certificates as pledged collateral. The rate of interest is variable and is tiered by credit score.
- The rate of interest charged for a 100% pledged loan for "A+", "A" and "B" credit scores is equal to the dividend rate being earned on the pledged account, plus a margin of 3.00%.
- The rate of interest charged for a 100% pledged loan for both "C" and "D" credit scores is equal to the dividend rate being earned on the pledged account, plus a margin of 3.50%.
Call today for specific rates and terms - 732 - 3686!!!
50% Share Pledged
- The credit union offers loans using 50% of the balances in shares and/or share certificates as pledged collateral. The rate of interest is variable and is tiered by credit score.
- The rate of interest charged for a 50% pledged loan for both "A" and "B" credit scores is equal to the dividend rate being earned on the pledged account, plus a margin of 6.00%.
- The rate of interest charged for a 50% pledged loan for both "C" and "D" credit scores is equal to the dividend rate being earned on the pledged account, plus a margin of 6.50%.
Call today for specific rates and terms - 732 - 3686!!!
Conditions and Restrictions
Note: The Rate of Interest WILL BE Equal to the Dividend Rate On Shares / Share Certificates Plus the Margins Listed Above. For Example: a Share Rate of 1.00% Equals a 4.00% Loan Rate for "A" & "B" Credit Scores.
Open End |
Product Type |
Rate |
Amount Advanced Range |
Min. Mos. Payment |
Personal Line of Credit |
15.90% |
$1 |
$60.00 |
15.90% |
$501 |
$95.00 |
15.90% |
$1,001 |
$120.00 |
15.90% |
$2,001 |
$135.00 |
15.90% |
$3,001 |
$160.00 |
15.90% |
$4,001 |
$190.00 |
Share Draft Over Draft Protection |
Payment will be equal to 5% of outstanding balance at month end. For example: Balance equals $3000, Payment equals $150.00 |
16.90% |
Mortgage Loan Interest Rates and Home Equity Line of Credit Interest Rates Are Priced Daily With Current Market Rates. INTEREST RATE LOCKS ARE AVAILABLE!!!! CALL 732 - 3686 TODAY for Current Rate and Disclosure Information...
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