Loan Rates

Car, Truck & Motorcycle Loans

Term

24 Months

36 Months

48 Months

60 Months

72 Months

84 Months

Floor Rate

2.00%

2.25%

2.50%

2.75%

3.50%

4.50%

Age of Collateral

1. Add 1.0% to above rates on model years 2013 – 2014
2. Add 1.5% to above rates on model years 2010 – 2012
3. Add 2.0% to above rates on model years 2009 and older
4. Actual rate may be affected by applicant's credit score, according to the credit union's tiered-rate loan policy. And is not to be lower than the “Floor” rate.

Loan To Value – Adjust the above rates for both Loan to Retail Value as it is reported on Visualgap.com

Below 80% LTV
80-90% LTV
91-100% LTV
101-110% LTV
111-120% LTV
121%+ LTV

-1.00%
-.50%
Floor Rate
+.50%
+2.00%
+3.00%

Minimum qualifications for 72 & 84 month financing are: Members must have 1) have a credit score of 640 or more 2) at least 3 years on the job, to obtain a loan automobile with a 72 or 84 month maturity. Minimum loan amount is $25,000.00 or more. The credit bureau score, time on the job, and minimum balance restrictions can be waived by the loan officer if the member makes a down payment on the car of 25% or more (not to include any rebates) if, in their judgment, those factors are mitigated thereby.

2nd MORTGAGES  FIXED RATE

4.25% 60 - 84 MO
5.25% 84 - 180  MO**

Mortgage Loan fees:  Appraisal, at least $250.00,  Flood Cert. $15.00,  Lien Search $75.00,
Open End Mortgage $151.00  (we now use only Open End Mtgs), Mortgage Loan Document Fee $100.00

Total approximately $591.00


HOME EQUITY LOANS - PRIME RATE MINUS .25% (Your rate could be higher based on your Credit Bureau Score)

1st MORTGAGE Owner Occupied:  5.25%
180 Mo. MAX MATURITY (When available)
Some Real Estate Loan fees will apply.

Other Loan Rates

Secured by Shares

2.50% above the share rate. Maximum maturity is 60 Months.

Secured by Certificate

2.50% above the share rate. Maximum maturity is 60 Months. Certificate continues to roll.

Signature Loan

6.90% - 24 Month Max Maturity
7.90% - 36 Month Max Maturity
8.90% - 48-60 Month Max Maturity
Maximum Combined Unsecured Loan: $50,000.00

As low as 6.9% (Your rate could be higher based on your Credit Bureau Score).
NO ANNUAL FEE

The trade area for Auto Loans is the State of Ohio. Falls Catholic Credit Union does not presently finance recreational vehicles, boats, farm equipment, lawn mower tractors or livestock. All loans include a late charge after 10 days of the greater of 5% of the payment or $5. Loan rates are tiered according to individual credit qualifications.

This loan rate schedule was approved by the Board of Directors 12/15/15 and will become effective on 12/16/15.

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