Rates Effective as of April 8, 2011. Rates subject
to change without notice.
CONDITIONS |
TERM |
RATES
AS LOW AS |
2011-2012
Cars, Trucks, and Passenger Vans
** 84 month-Loan Amount Over $25,000.00 |
100% Invoice |
36 to 84 Months |
4.25% APR* |
2007-2010
Used Cars, Trucks, and Passenger Vans |
100% of NADA Retail or P/O, whichever is less |
36 to 72 Months |
5.00% APR* |
2005-2006
Used Cars, Trucks, and Passenger Vans |
100% of NADA Retail or P/O, whichever is less |
36 to 60 Months |
5.00% APR* |
| 2004 & Older* |
100% of NADA Retail or P/O, whichever is less |
36 to 48 Months |
7.75% APR* |
|
2011
New Recreational Vehicles, Trailers, Jet Skis, Snow Mobiles, Motorcycles |
100% of NADA Retail or P/O, whichever is less |
36 to 60 Months |
8.00% APR* |
2010-2005
Used Recreational Vehicles, Trailers, Jet Skis, Snow Mobiles, Motorcycles |
100% of NADARetail or P/O, whichever is less |
36 to 60 Months |
8.75% APR* |
|
2011
New Boats, RV's, Travel Trailers, Motor Homes, Fifth
Wheels
**120 month-Loan Amount Over $30,000 |
90% of NADA Retail or P/O, whichever is less |
48 to 120 Months |
8.00% APR* |
2010-2005
Used Boats, RV's, Travel Trailers, Motor Homes, Fifth
Wheels
**120 month-Loan Amount Over $25,000 |
90% of NADA Retail or P/O, whichever is less |
48 to 120 Months |
8.50% APR* |
2004 & Older*
Used Boats, RV's, Travel Trailers, Motor
Homes, Fifth Wheels
*Inspection Required |
90% of NADA Retail or P/O, whichever is less |
36 to 60 Months |
9.00% APR* |
|
Miscellaneous Secured
Equipment, Tractors, Utility Trailer, etc. |
90% of NADA Retail or P/O, whichever is less |
24 to 48 Months |
10.50% APR* |
| Signature / LOC |
12 - 48 mo. Maximum |
- |
12.50% APR* |
| Share Secured |
100% Share Balance |
12 Months |
Dividend rate earned plus 5.00% APR* |
| Share Certificate Secured |
- |
- |
Variable Rate Subject to change upon renewal of certificate.
Certificate rate plus 2.25% APR*
|
| Holiday Loan |
$1000.00 Max. Oct. 1 - Jan. 31 |
12 Months |
10.00% APR* |
| Vacation Loan |
$2500 Max. Mar. 1- Sept.1 |
12 Months |
10.25% APR* |
| MasterCard |
- |
Revolving |
13.90% APR* |
Combined Collateral Secured
i.e. - CD / Share / Auto |
20% of loan amount held on deposit |
6 to 60 Months |
Max. dividend rate paid 0.35%
Min. rate spread 2.25% APR* above dividend rate
|
| REPOSSESSIONS |
Loans for repossessed vehicles being financed through LOCO CU will have an approval rate as low as 2.75% APR, and a term of up to 60 months.
|
Members who do not qualify for the standard rate will be subject to rate tiering in accordance with our Risk Based lending policy.
*** Interest rates are subject to change without notice based on Current Market Factors.
|
