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Loans Overview VISA Protecting Your Investment Calculate Loan Payment Calc Mortgage Payment Calc Mortgage Amortization
Loans
Loan Fact Sheet
Effective June 20, 2009
Type of Loan Maximum Amounts APR
Signature $200 - $10,000 9.50% - 18.00%
Line of Credit $200 - $10,000 8.50% - 18.00%
VISA $200 - $10,000 9.99%
Share Secured 100% of Share Acct. Balance Account Rate + 3% (4.00% floor)
Certificate Secured 100% of Certificate Amount CD Rate + 3% (5.00% floor)
Other Secured Based on Collateral Value 9.25% - 18.00%
New Auto 100% of Purchase 4.50% - 15.50%
Used Auto 85 - 100% of Kelley Blue Book 4.75% - 15.75%
New RV's & Boats
Used RV's Boats		 100% of Purchase
85% of Current Market		 6.00% - 17.00%
6.50% - 17.50%
New Motorcycles
Used Motorcycles		 100% of Purchase
70% of Current Market		 8.50% - 18.00%
9.50% - 18.00%
New Personal Watercraft
Used Personal watercraft		 100% of Purchase
70% of Current Market		 8.50% - 18.00%
9.50% - 18.00%
Home Equity Line of Credit 80% Loan to Value
90% Loan to Value		 4.25% - 15.25%
4.75% - 15.75%
Second Mortgage 80% Loan to Value
90% Loan to Value		 6.50% - 17.50%
7.00% - 18.00%
Mobile Homes $5,000 to $50,000 8.25% - 18.00%
All loans are subject to approval. Loan rates are subject to change every 30 days.
$20.00 non-refundable application fee for loan advance requests.
Member pays all 3rd party loan fees. Subsequent advances on lines of credit subject to $10.00 documentation fee.
Subsequent advances on lines of credit subject to $10.00 documentation fee.
$25.00 late charge for payments received 7 days after due date.
If any payment on a loan becomes past due 45 days, the Annual Percentage Rate for that loan will be increased to 18% for the remaining time that the loan is outstanding. Your minimum payment will be increased to the amount necessary to repay the loan over the originally scheduled payment period.
Members maintaining aggregate household deposit balance of $5,000.00 may receive .25% reduction in interest rate indicated by their credit score.
A CARFAX report will be required on all USED car loans. The $15.00 charge for this report will be added to the principal amount of the loan.
 
For home loans visit: CUHLC.org (Credit Union Home Loan Center): All the information you need regarding our mortgage loan program.
 
 
 
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Rite Choice Community Federal Credit Union