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Loan Rates |
Rates as of 10/31/08
Subject to change without notice |
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Type |
Maximum Term |
Annual Percentage Rate (APR)* |
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New Auto Loan |
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2007 - 2009 Models |
72 Months |
5.74%APR* |
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Used Auto Loan |
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2006 - 2009 Models |
72 Months |
5.74% APR* |
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2002 - 2005 Models |
60 Months |
5.74% APR* |
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All Others |
48 Months |
5.99% APR** |
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Motorcycle Loan |
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New |
60 Months |
5.74% APR† |
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New (less than 10% down payment) |
60 Months |
6.74% APR† |
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Used |
48 Months |
9.25% APR† |
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Used (less than 20% down payment) |
48 Months |
10.25% APR† |
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RV/Boat/Trailer/Other
Recreational Vehicles |
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New |
60 Months |
9.25% APR† |
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New (less than 20% down payment) |
60 Months |
10.25% APR† |
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Share Secured Loans |
24 Months |
Secured Savings Account Rate
+3.00% |
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CD Secured Loans |
To CD Maturity |
CD Savings Account Rate
+3.00% |
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Personal Line of Credit |
Revolving |
Variable APR equal to Prime Rate +4.00%*** (8.00% APR as of
10/31/08) |
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Personal/Consolidation
Loans |
48 Months |
12.74% APR† |
|
VISA Credit Card
Platinum Plus |
For information about the rates, fees, features, and benefits associated
with the use of the Pawtucket Credit Union Platinum Plus® credit card,
refer to the disclosures accompanying the online credit card application
or call 1-866-434-5390 |
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Equity Line of Credit |
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Prime Rate |
15 Year Draw Period |
4.00% Variable APR**** |
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Equity Loans |
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3 years |
5.49% APR***** |
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5 years |
5.49% APR***** |
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10 years |
6.125% APR***** |
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15 years |
6.25% APR***** |
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20 years |
6.50% APR***** |
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Other
rates and terms
available. Interest rate
will be determined by individual creditworthiness.
*Advertised APRs are the
lowest available and
include a .25% discount
with automatic loan
payment from an active
Pawtucket Credit Union
checking account.
Luxury discount of -.25%
is available for model
years 2005 through 2009
with loan balances of
$25,000 or more. Rates
on used auto loans may
vary depending upon the
model year. Existing
Pawtucket Credit Union
auto loans are not
eligible.
** Advertised APR is
lowest available and
includes .25% discount
for automatic payment
from an active Pawtucket
Credit Union checking
account. Interest rate
will be determined by
individual
creditworthiness.
Existing Pawtucket
Credit Union auto loans
not eligible.
†Advertised APRs are the
lowest available and
include a .25% discount
with automatic loan
payment from an active
Pawtucket Credit Union
checking account.
***Variable APR will be
based on Prime Rate +3%
if $7,500 or more is
advanced at loan
closing. Prime Rate is
the Prime Rate published
in the Wall Street
Journal. Automatic
payment discount does
not apply. Maximum loan
amount: $25,000.
**** Home Equity Lines
Of Credit
Prime Rate:
Advertised Annual
Percentage Rate (APR) is
a variable APR and is
lowest available. Other
rates and terms
available. Prime Rate
is lowest APR
available (4.00% APR as
of 10/31/08). Interest
rate and line amount
determined by individual
creditworthiness and
loan-to-value ratio.
Account subject to
individual approval.
Applicable trust review
fees apply. 1-4 family,
owner-occupied, primary
residence properties
only. Property insurance
(and flood insurance if
applicable) required.
Rate subject to change
without notice. APR will
not exceed 21% or fall
below 4.00%. If a Home
Equity Line is paid in
full and closed within
twelve (12) months of
loan closing, a
prepayment penalty will
apply: RI - up to $250,
but not to exceed 2% of
the balance due at time
of payoff; MA -
remaining balance of
first year's interest or
amount equal to last 3
months interest,
whichever is less.
*****Advertised APR
available for qualifying
properties with a
loan-to-value (LTV) of
85% or less. Advertised
APR is lowest available
and includes a .25%
discount with automatic
payment from an active
Pawtucket Credit Union
checking account.
Other
rates and terms
available. Applicable
trust review fees apply.
Property insurance (and
flood insurance if
applicable) required.
Rate subject to change
without notice. Interest
rate will be determined
by individual
creditworthiness and
loan-to-value ratio.
Account subject to
individual approval.1-4
family owner-occupied
primary residence
properties only. If a
Home Equity Loan is paid
in full within twelve
(12) months of loan
closing, a prepayment
penalty will apply: RI -
up to $250,but not to
exceed 2% of the balance
due at time of payoff;
MA - remaining balance
of first year's interest
or amount equal to last
3 months interest,
whichever is less.
Repayment Examples:
For new and used auto
loans: At 5.74% APR, 72
monthly payments of
$16.46 per $1,000
borrowed.
For equity loans: At
5.99% APR, 240 monthly
payments of $7.16 per
$1,000 borrowed.
For new motorcycle
loans: At 5.74% APR, 60
monthly payments of
$19.22 per $1,000
borrowed.
For new RV/boat/trailer
loans: At 9.25% APR, 60
monthly payments of
$20.88 per $1,000
borrowed.
For personal loans: At
12.74% APR, 48 monthly
payments of $26.70 per
$1,000 borrowed. |
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Equal Opportunity Lender. |
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Your savings federally insured to at
least $250,000 and backed
by the full faith and credit of the
United States Government.
National Credit Union Administration, a
U.S. Government Agency |
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