Tiered Base Lending Rate Sheet on Secured Loans
as of 10/01/08
Unsecured Managed Risk Loans
Max $
Secured Managed Risk Loans
48 Month Base Rate
60 Month +.250%
72 Month+.500%
84 Months +.750%
Max LTV
VP
Notes:
All loans will receive a 0.25% discount with an automatic payments (periodic payment, ACH payment or payroll payment.)
Bold rate is base rate.
20% of requested loan amount must be in shares as pledge towards loan amount.
*Loans must exceed $20,000 for 72 month financing. **Loans must exceed $25,000 for 84 month financing.
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Faith Community United Credit Union 3550 East 93rd Street Cleveland, Ohio 44105 (216) 271-7111 faithcu@prodigy.net