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Consumer Loans on Automobiles


Year of Vehicle Max. Term Interest Rate APR*
New 2007/2008 60 months 7.50% 7.82%
Used 2006/2007 54 months 7.75% 8.10%
Used 2005 48 months
8.00% 8.39%
Used 2004 42 months
8.25% 8.69%
Used 2003 36 months 8.50% 9.01%
Used 2002 30 months 8.75% 9.35%
Used 2001 24 months 9.00% 9.73%

* APR (Annual Percentage Rate) based on a loan amount of $10,000.00 and a standard $75.00 processing fee. For instance, a loan amount of $10,000.00 with an interest rate of 7.50% and a corresponding APR of 7.82% for a term of 60 months will result in a monthly payment of $201.88. ADDITIONAL NOTE: Normal 20% equity on brand new vehicles or 100% of the NADA Book “loan value” financed on used auto loans.



Certificate of Deposit Secured Loans
(3% over deposit rate - no processing fees)
(C.D. RATE TO BE FIXED DURING THE TERM OF THE LOAN)



Unsecured Loans

Term of Loan Rate APR**
12 months 9.00% 10.89%
18 months 10.00% 11.30%
24 months 11.00%
12.01%


** APR (Annual Percentage Rate) based on a loan amount of $10,000.00 and a standard $100.00 processing fee.



Consumer Loan Fees

Processing fee: $75 (on all titled collateral loans)
Lost Payment Book: $15
Secretary of State Title Charges: $68 (substitutions)



Check Guard/Overdraft Protection Line of Credit

  • Minimum: $500
  • Maximum: $5000
  • APR: 18%
 
 
       
 
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