(Effective December 14, 2005)
These interest rates are for informational purposes only and are accurate as of the above date. Due to rapid market fluctuations the actual interest rate you receive could be different.
Installment Loans
Loans
Rate (APR*)
Auto deduct
from NGB Acct.
Term (max)
New Car
(current & prior model
year 20% down)
6.50% (6.48%*)
6.50% (6.49%*)
6.50% (6.49%*)
6.00% (6.00%*)
6.00% (5.99%*)
6.00% (5.99%*)
36 months
48 months
60 months
Used Car (25% down)
7.00% (6.98%*)
7.50% (7.48%*)
8.00% (7.99%*)
6.50% (6.48%*)
7.00% (6.99%*)
7.50% (7.48%*)
36 months
48 months
60 months
Used Car
(5+ years 25% down)
10.5% (10.49%*)
10.0% (9.99%*)
36 months
Home Improvement
($7,500 Max)
10.0% (9.99%*)
--
60
months
Unsecured Personal Loans
12.5% (12.49%*)
13.5% (13.49%*)
--
36
months 60 months
*Annual Percentage Rate (APR)
Payment example: Loan of $1,000.00 for 36 months at 6.0% would require 36 monthly payments of $30.42. Finance charge of $95.12 would result in a total of payments of $1,095.12.
Loans up to $10,000 are written as installment loans (see installment example above).
All loans in excess of $10,000 are written on a three or five year Balloon Note basis.
Simple Interest. No points. No prepayment penalties.
Balloon Payment Example: A $10,000.00 three year balloon loan at 7.50% amortized for ten years would require 35 monthly payments of $118.70, with a final payment of $7,857.69. Finance charge of $2,012.19 would result in a total of payments of $12,012.19.
Equal Housing Lender