The following rates of interest on loans are effective as of:
January 1, 2012
|
New Cars: 2010-2012*
WITH Direct Deposit |
APR** |
Payment Per Thousand
(Based on Longest Term) |
3 Years
|
2.99% |
29.08 |
4 Years
|
3.50% |
22.36 |
5 Years
|
3.75% |
18.31 |
6 Years
|
4.99% |
16.10 |
New Cars: 2010-2012*
WITHOUT Direct Deposit |
APR |
Payment Per Thousand
(Based on Longest Term) |
Up to 5 Years
|
4.50% |
18.65 |
Up to 6 Years
|
5.50% |
16.35 |
| Used Cars: 2006-2009* |
APR |
Payment Per Thousand
(Based on Longest Term) |
| Up to 5 Years |
4.99% |
18.87 |
| Used Cars: 2001-2005* |
APR |
Payment Per Thousand
(Based on Longest Term) |
| Up to 5 Years |
5.50% |
19.10 |
| Older Used Cars: 2000 and BELOW* |
APR |
Payment Per Thousand
(Based on Longest Term) |
| Up to 5 Years |
7.50% |
20.04 |
| * New & Used rates are for new loans only. No refinancing of existing LFFCU auto loans. |
Personal Loans***
$500 to Maximum of $15,000 |
APR |
Payment Per Thousand
(Based on Longest Term) |
| 1 Year |
8.00% |
87.00 |
| 2 Years |
10.00% |
46.16 |
| 3 Years |
12.00% |
33.23 |
| 4 Years |
13.00% |
26.84 |
| *** Loan maximum is based upon Credit Score qualifications: Credit Score below 640 loan max $10,000.
Credit Score 640-679 loan max $12,500.
Credit Score 680+ loan max $15,000. |
Secured Loans
By shares in LFFCU with
monthly payments |
APR |
Payment Per Thousand
(Based on Longest Term) |
| Up to 5 Years |
3% OVER SAVINGS/CD RATES |
3% OVER SAVINGS/CD RATES |
Home Equity Loans
$10,000 to Maximum of $75,000 |
APR |
Payment Per Thousand
(Based on Longest Term) |
| Up to 5 Years |
5.00% |
18.87 |
| Up to 10 Years |
5.50% |
10.85 |
Recreational Loans
Maximum of $50,000 |
APR |
Payment Per Thousand
(Based on Longest Term) |
| NEW - Up to 7 Years |
6.25% |
14.73 |
| USED - Up to 7 Years |
6.75% |
14.97 |
Notice:
As of April 1, 2010, we are paying .50% dividend rate on shares for an APY* of .50%, minimum deposit of $100.00 is required to receive dividends. Vacation/Christmas Clubs are paying .25% APY. Interest is computed daily, payable monthly.
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