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Loan Rates
AAEE Federal Credit Union - Current
Loan Rates
Effective Effective June 30, 2008 |
|
| INTEREST
CHARGED |
| LOAN
TYPE |
REPAYMENT
PERIODS |
*APR
|
CONDITIONS |
| New Vehicle |
1 to 60 months
|
5.4 to 9.9%
|
- Rate based on credit score, never been titled other than by dealer
|
|
| Used Vehicle |
1 to 60 months
|
6.4 to 10.9%
|
- Rate based on credit score, loan amount based on retail value as listed in the NADA used car guide. |
|
|
| Signature |
1 to 48 months
|
7.4 to 16.4%
|
$3,500 max, 40 to 45% debt ratio; $6,000 max, 35 to 40% debt ratio; $8,000 max, 30 to 35% debt ratio; $15,000 max, up to 30% debt ratio; Amount of loan is also dependent upon length of time as a member |
|
| Share
Loan |
1 to 48 months
|
3.25%
|
Max of $10,000 or shares on deposit, whichever is lower |
|
*APR
= Annual Percentage Rate |
MONTHLY PAYMENT EXAMPLES |
AMOUNT |
#
MONTHS |
*APR |
PAYMENT |
| $1,500 |
12 |
6.9% |
$129.72 |
| $2,500 |
18 |
8.9% |
$148.88 |
| $5,000 |
48 |
14.9% |
$151.89 |
| $8,000 |
48 |
10.9% |
$206.38 |
| $10,000 |
48 |
5.9% |
$234.39 |
| $15,000 |
48 |
4.9% |
$351.59 |
| $20,000 |
60 |
4.9% |
$385.73 |
| $25,000 |
60 |
4.4% |
$464.94 |
| *APR
= Annual Percentage Rate |
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