Current
Loan Rates -- Effective As Of January 16, 2013 |
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All APR's are Increased by .50% without payroll deduction, automatic
transfer or direct deposit payment option. - All loan rates are based on credit scores and debt ration qualifications. - The rates shown are based on Equifax Beacon Scores of 790 or more, individual rates may vary. |
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Loan
Subaccount Description |
% Above Index |
Daily Periodic Rate |
Annual
Percentage Rate |
Your minimum payment is calculated after each advance as described below: | ||||||||||||||||||||||||
INDEX
= CURRENT APR BEING PAID ON SHARE ACCOUNTS |
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Share Certificate Secured | 2% |
- |
Variable |
Required minimum monthly | ||||||||||||||||||||||||
Share Secured | 2% |
- |
Variable |
Payment on all Loan Types: $40.00 | ||||||||||||||||||||||||
(90% of Available Balance) | ||||||||||||||||||||||||||||
New 2013/2012 Models (100% of List Price w/gap 90% w/o gap 0-60mo.) ($20,000.00 & Up) (95% of List Price w/gap 85% w/o gap- 72 mo) Starting as low as Program Cars: Add 1.00% to Above APR's |
.00012329Maximum 15,000 Miles |
4.50% |
Loan Services Available at Hanover Federal Credit Union: Low Cost Disability and Credit Life Insurance on All Loans Low Cost Auto Protection Plans on All New and Used Autos (2013-2003) Low Cost GAP Protection Insurance On New and Used Automobiles |
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Used 2013 to 2011 Models |
- |
.00012329 |
4.50% |
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Older
Vehicles (70% of Retail) 2006 to 2004 0 up to 48 Months Starting as low as |
- |
.00012329 |
4.50% |
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Classic (65% of Appraised Value) 0 up to 36 Months Starting as low as |
- |
.00012329 |
4.50% |
Classic Models 10 Years & Older | ||||||||||||||||||||||||
Recreational
Vehicles: Boats, Lawn & Garden, Off Road Motorcycles, RV's and Farm
Equipment 0 up to 60 Months Starting as low as |
- |
.00012329 |
4.50% |
*** Minimum Balance 72 and 120 Monthon New Purchases for term of New considered at MSRP Invoice Used considered at appraised value |
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61 up to 120 Months Starting as low as |
- |
.00012329 |
4.50% |
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Signature
Loans |
- |
.00020548 |
7.50% |
Minimum Monthly Payment Required: $40.00 | ||||||||||||||||||||||||
37 up to 60 Months Starting as low as |
- |
.00020548 |
7.50% |
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Line
of Credit: (maximum term 36 months) Starting as low as |
- |
.00020548 |
7.50% (var) |
Payment is Calculated on your Pre-Approved Credit Limit | ||||||||||||||||||||||||
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Last Updated: June 19, 2003