|
SHARE SECURED LOANS
The interest rate is 6%
for repayment in 24 months or less; the interest rate is 7% for loans in excess of 24 months to a maximum repayment of 36 months.
VACATION LOANS
The maximum amount borrowed is $4000
for a one year period at 8%
HOME APPLIANCE LOAN
Maximum repayment for this loan is 24
months at an interest rate of 6%.
HOME IMPROVEMENT LOAN
This loan is available to a maximum of $5000
with a 10% interest rate for a repayment of 24 months.
CREDIT CARD DEBT PAYMENT LOAN
This loan is available to a maximum of $5000
with a 10% interest rate for a repayment of 24 months.
TAX LOAN
The maximum amount of the loan would be $5000
for a repayment period of 24 semi-monthly payments at 10%.
NEW CAR LOAN
100% of the purchase price of the vehicle, excluding taxes, Motor Vehicle
fees, Documentary fees, will be financed to a maximum of $35,000. Repayment and interest rates are as follows:
36 months or less 6%
48 months 7%
60 months 4.9%
USED CAR LOAN
The maximum dollar amount for any member is 75% of the
average retail value, exclusive of options, as reflected in the NADA Book, up to a maximum of $30,000 excluding taxes, motor vehicle fees or documentary fees. The interest rates and repayment are as follows:
24 Months or less 7.0%
36 Months 7.5%
48 Months 8.0%
PERSONAL LOAN
Annual percentage rate is based on the credit report scoring. The maximum percentage per year is 15%
for a repayment of 48 months.
Maximum dollar amount per member is based on membership with the Credit Union. Amounts are as follows:
| 20 years or more |
Up to $30,000 |
|
| |
|
|
Less than 20 years
More than 15 years |
Up to $25,000 |
|
| |
|
|
Less than 15 years
More than 10 |
Up to $20,000 |
|
| |
|
|
Less than 10 years
More than 5 years |
Up to $15,000 |
|
| |
|
|
Less than 5 years
More than 1 year |
Up to $5,000 |
|
| |
|
|
| Less than 1 year |
No Loans Granted |
|
One and one-half month's loan payment will be held as security on this loan.
|
