Consumer Loan Rates
Current Rates as of March 1, 2010.
(Note: A minimum 10% down payment is required on all vehicle purchases)
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| 2010 | 60 | 5.50% | 5.74% |
| 2009 | 60 | 5.50% | 5.74% |
| 2008 | 60 | 5.75% | 5.99% |
| 2007 | 60 | 6.00% | 6.24% |
| 2006 | 54 | 6.25% | 6.51% |
| 2005 | 48 | 6.50% | 6.79% |
| 2004 | 48 | 6.75% | 7.04% |
| 2003 | 48 | 7.00% | 7.29% |
| *The annual percentage rate is based on a $10,000 loan. Loan includes a $60.00 documentation prep fee, a $25.00 vendor's single insurance fee, and a $15.00 filing fee. Loan approval is subject to normal credit qualification. Proof of insurance is required. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| 2010 | 60 | 7.00% | 7.24% |
| 2009 | 60 | 7.00% | 7.24% |
| 2008 | 60 | 7.25% | 7.49% |
| 2007 | 60 | 7.50% | 7.74% |
| 2006 | 54 | 7.75% | 8.01% |
| 2005 | 48 | 8.00% | 8.30% |
| 2004 | 48 | 8.25% | 8.55% |
| 2003 | 48 | 8.50% | 8.80% |
| *The annual percentage rate is based on a $10,000 loan. Loan includes a $60.00 documentation prep fee, a $25.00 vendor's single insurance fee, and a $15.00 filing fee. Loan approval is subject to normal credit qualification. Proof of insurance is required. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| 0% to 80% Loan-to-Value | 120 | Prime + 1.00% | |
| *The APR will vary to Prime + 1% as published in The Wall Street Journal. There is a floor rate of 4.00%. 10 year term. Early termination fee of $295.00 if line is closed within three years of opening. Interest only payments. Minimum payments will result in a balloon payment at maturity. There is an annual fee of $50.00 after the first year. Offer subject to normal credit qualifications. Property insurance is required. Consult your tax advisor regarding the deductibility of interest paid. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| 0% to 80% Loan-to-Value | 120 | 7.00% | 7.29% |
| *The annual percentage rate is based on a $10,000 loan with 120 monthly payments and $384.00 in closing costs. Loan approval is subject to normal credit qualification. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| New | 60 | 12.75% | 13.26% |
| Used | 60 | 13.75% | 14.26% |
| *The annual percentage rate is based on a $5,000 loan with 60 monthly payments. Loan includes a $60.00 documentation prep fee and $25.00 vendor's single insurance fee. Loan approval is subject to normal credit qualification. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| New | 60 | 12.75% | 13.26% |
| Used | 60 | 13.75% | 14.26% |
| *The annual percentage rate is based on a $5,000 loan with 60 monthly payments. Loan includes a $60.00 documentation prep fee and $25.00 vendor's single insurance fee. Loan approval is subject to normal credit qualification. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| New | 72 | 8.00% | 8.20% |
| Used | 60 | 9.00% | 9.24% |
| *The annual percentage rate is based on a $10,000 loan. Loan includes a $60.00 documentation prep fee and $25.00 vendor's single insurance fee. Loan approval is subject to normal credit qualification. Proof of insurance is required. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| Collat. Maturity | Minimum Rate is Prime | 7.56% | |
| *The annual percentage rate is based on a $2,500 loan with 24 monthly payments. The Prime Rate of interest as published in The Wall Street Journal is currently 3.25%. Loan includes a $60.00 documentation prep fee. Loan approval is subject to normal credit qualification. | |||
| Loan Type | Max Term - Months |
Interest Rate | APR* |
| 24 | 15.90% | 18.27% | |
| *The annual percentage rate is based on a $2,500 loan with a 24 monthly payments. Loan includes a $60.00 documentation prep fee. Loan approval is subject to normal credit qualification. | |||
A preferred rate is available for automatic deduction of payment from a First National Bank of Germantown checking or savings account. An additional preferred rate is available for enrollment in First National Bank of Germantown Online Banking.
10% down payment is required on all vehicle purchases. On used vehicles purchases the N.A.D.A. loan values should be used as a guideline.
