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Loan Rates


Tiered Base Lending Rate Sheet on Secured Loans

as of 10/01/08


Unsecured Managed Risk Loans

Loan Type Score

 

Max $

Max $

  VP

 

$10,000
Signature A   $5,000
Bill Consolidation B     $3,000
Computer C   $2,000
Home Improvement D    $500
UCC Filings (no title) E      $250

Secured Managed Risk Loans

Loan Type Score 36 Month -01.25%

48 Month  Base Rate

60 Month
+.250%

72 Month+.500% 

84 Months +.750%

Max $

Max LTV

 

VP

6.625% 6.75% 7.00% 7.25% 7.50%

 

120%
New & Used Autos A 7.625% 7.75% 8.00% 8.25% 8.50%   110%
New & Used Boats B 8.625% 8.75% 9.00% 9.25% 9.50%   110%
New & Used RVs C 11.125% 11.25% 11.50% 11.75% 12.00%   100%
  D 12.625% 12.75% 13.00% 13.25% 13.50%    80%
  E 16.625% 16.75% 17.00% 17.25% 17.50%     75%  

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.

Prime rate: 5.25%
As of 10/01/08

Click here to go to mycumortgage.com


Faith Community United Credit Union
3550 East 93rd Street
Cleveland, Ohio 44105
(216) 271-7111
faithcu@prodigy.net