| Unsecured
Installment Loan |
Features:
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Loan can be used for a variety of different purposes |
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No minimum loan amount |
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No prepayment penalty |
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Same day financing |
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Payment method: |
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Payment may be automatically deducted from your
account; or |
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Installment loan coupon book |
|
 Equal Housing
Lender
|
| Secured
Installment Loan |
Features:
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Loan can be used for: |
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Automobile |
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Boat or personal watercraft |
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Personal |
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Variety of other purposes |
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Secured by collateral, such as a vehicle, savings account,
CD, or stocks
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If using the CD or Savings account as collateral: May
borrow up to 100% of the balance
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No minimum loan amount
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Terms: 12 months to 60 months
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Interest Rate: CD is collateral: CD Rate + 2% |
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Same day financing
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• |
Payment method: |
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- |
Payment may be automatically deducted from your
account; or |
|
- |
Installment loan coupon book |
|
Equal Housing
Lender
|
| Automobile
Loan |
Features:
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Secured by vehicle being purchased |
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Range of credit varies, depending on the make and model
of the vehicle |
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Interest: |
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Varies depending on the vehicle age and mileage |
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Accrues daily |
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Calculated using the simple interest method |
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Rate determined by loan officer after reviewing
application and credit report |
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New Car Terms: New cars - Up to 60 months |
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Used Car Terms: |
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Used cars: 12 months to 48 months |
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Will finance NADA loan value for car |
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Must be less than six years old |
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No loans on vehicles where mileage exceeds 90,000
miles |
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Same day financing |
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No pre-payment penalties |
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• |
Payment method: |
|
|
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- |
Payment may be automatically deducted from your
account; or |
|
- |
Installment loan coupon book |
|
Equal Housing
Lender
|
| Home
Equity Term Loan |
Features:
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Home Equity term loan secured by your primary residence |
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Loan can be used for: |
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Home improvements |
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Medical expenses |
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Automobiles |
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Business use |
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College |
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Other |
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Loan amount: Typically, the maximum line amount is 90%
of appraised value of home, minus the balance of the first
mortgage |
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10-year term |
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Rates vary: Interest payment may be tax deductible |
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No annual fee |
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Closing costs vary. |
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Payment: |
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Fixed monthly payments include principal and monthly
interest |
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Escrow is not available for taxes and insurance |
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Can be automatically deducted from your account |
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Insurance: |
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Homeowners insurance is required |
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Credit life insurance is available |
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Interest paid reported to IRS annually and may be tax
deductible |
Equal Housing
Lender
|
| Home
Equity Line of Credit |
Features:
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Home Equity Line of Credit secured by your primary residence |
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Loan can be used for: |
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Home improvements |
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Medical expenses |
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Automobiles |
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Business use |
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College |
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Other |
|
|
• |
Loan amount: Typically, the maximum line amount is 90%
of appraised value of home, minus the balance of the first
mortgage |
|
• |
10-year term |
|
• |
Rates vary: Interest payment may be tax deductible |
|
• |
No annual fee |
|
• |
Closing costs vary. |
|
• |
Payment: |
|
|
|
- |
Variable monthly payments include principal and
monthly interest |
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- |
Escrow is not available for taxes and insurance |
|
- |
Can be automatically deducted from your account |
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• |
Insurance: |
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Homeowners insurance is required |
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Credit life insurance is available |
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Interest paid reported to IRS annually and may be tax
deductible |
Equal Housing
Lender
|
