Loans Rates Sheet
Rates Effective: July 21, 2015
Celebrate 80 years with us!
Great rates on new and used vehicles!
(cars, trucks, boats, motorcycles, etc)
Rates as low as 1.80% APR-up to 6 years June 17th- July 31
*APR=Annual Percentage Rate. Rates as low as 1.80% are valid for qualified vehicles up to 72 month terms for a limited time from June 17th-July 31st only. Qualified vehicles are 8 model years and/ or newer or vehicles that have less than 100,000 miles. If you choose an 84 month term, 1% will be added to the promotional rate based on credit. If you choose to do a Driving Sense loan, 1% will be added to the promotional rate based on your individual credit. You must close by July 31st to receive the promotional up to 72 month term rate as low as 1.80% APR. Your individual rate will be based on credit and term. New money only. No refinancing of current DFFCU loans. There is a $75 document processing fee on all loans. Anniversary offers are valid until we lend out two million dollars in new money or at DFFCU's discretion. Anniversary offers are eligible to defer their first payment for a maximum of 90 days; however interest will continue to accrue on these loans. See credit union for details.
Vehicle Loans (Including motorcycles, boats, campers and motor homes)1
|New and Used 2007-2015*||as low as 1.99% APR*||up to 36 months*|
|New and Used 2007-2015*||as low as 2.49% APR*||37-60 months*|
|New and Used 2007-2015*||as low as 2.99% APR*||61-84 months*|
|New and used 2007-2015*||as low as 4.49% APR*||85-120 months* >$30,000|
Recreational Vehicles (Motor homes, travel trailers and boats)1
|New and Used 2007 - 2015 *||as low as 2.99% APR*||61-84 months*|
|New and Used 2007-2015*||as low as 4.49% APR*||85-120 months* >$30,000|
Personal Loans1 and Personal Lines of Credit1
as low as 6.50% APR*
Personal Loans- up to $25,000 maximum term 60 months*
Personal Lines of Credit-payment is 2% of balance
Share Secured Loans
|Shares||2% above dividend paid on regular Shares*3|
|Share Certificates||2% above dividend paid on Share Certificate*3|
Second Mortgage Loans (minimum loan amount $5,000)1
|Fixed Rate||as low as 4.50% APR*||up to 60 months*|
|Fixed Rate < 80% LTV**||as low as 5.50% APR*||61-120 months*|
|Fixed Rate < 80% LTV**||as low as 6.0% APR*||121-180 months*|
|Fixed Rate <80% LTV**||as low as 6.5% APR||181-240 months*|
|Fixed Rate > 80% LTV**||as low as 6.00% APR*||61-120 months*|
Home Equity Line of Credit (HELOC)4
|Variable Rate < 80% LTV**||Prime Rate|
|Variable Rate > 80% LTV**||Prime Rate + 1%|
|** LTV = Loan to Value|
|* APR = Annual Percentage Rate|
|1 Interest rates are subject to type of loan, loan amount, credit score, terms, and borrower's credit history. All rates are subject to change. Other conditions may apply. Personal loan rates are based on credit, purpose and loan amount. Qualified Vehicles are 8 model years or newer and/or 100,000 miles or less. The model year of the vehicle, loan amount , and credit score may affect term and rate.|
|3 Adjustable Rate: Share Certificate – The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security (Index) plus 2.0%. The Certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the Plan. When the Certificate is renewed the APR will change to reflect the new dividend rate. When the APR increases, you will have the choice of choosing higher payments or keeping your payment the same, which results in more payments than if you choose to increase your payment amount. The present APR will be disclosed on the voucher at the time of the advance; Regular Shares – The Annual Percentage Rate (APR) for share secured advances will be the dividend rate being paid on regular shares (Index) on the date of the advance plus 2.0% If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. The rates are subject to change on the first day of every month to reflect any change in the index. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.|
|4 HOME EQUITY: Payments are based on a 120 month repayment term with a minimum payment of $50.
Maximum APR of 18%. Finance charges begin accruing immediately after the advance or purchase. There is no grace period. HELOC is based on the prime rate. The annual percentage rate may vary. Prime is determined on the first day of the last month before a new quarter begins. The prime rate as of 03/1/2015 was 3.25% APR. Average closing costs of $250-$400 could apply. Home Owners insurance is required on all second mortgage loans and HELOC loans.
5 Second Mortgage: Loans are at a fixed rate for a minimum of $5,000 and a maximum of $150,000. Interest rates are subject to credit score, LTV, loan term, and borrower's credit history. All rates are subject to change. Other conditions may apply.
6. Personal Lines of Credit: Loan rates are based on credit score, purpose and limit. Minimum line $500, maximum line $25,000. Payments are based on 2% of the balance. Minimum payment is $25.Limits based on credit and monthly income.
|LATE CHARGES: If you are more than 10 days late in making a payment, you will pay a late charge of $25.00.|
|COLLECTION COSTS: You promise to pay all costs of collecting the amount you owe under this Agreement to the extent permitted by state law.|