LANECO Federal Credit Union
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LOAN RATES - EFFECTIVE June 1, 2008

COLLATERAL RATE MAXIMUM TERM
AUTOMOBILE    

NEW 09, 08 & 07

4.95% APR 84 MONTHS**

USED 06 - 00

5.45% APR 72 MONTHS**

99 - OLDER

7.00% APR 60 MONTHS**


(Any title vehicle includes cars, trucks, boats, travel trailers, campers, 5th wheels, motorhomes, motorcycles (street bikes only):  not eligible ATV’s, snowmobile, personal watercraft, motorcycles (dirt bikes) and horse trailers)


RV / BOAT LOANS

Extended Loan Terms
Minimum Loan Amount - $20,000.00

 New RV 09, 08 & 07 85 – 144 MONTHS** 
 Used RV 06 – 00 73 – 144 MONTHS* 
   
SHARE SECURED LOANS  
  3.00% APR 1 - 60 MONTHS
  4.00% APR 61 - 84 MONTHS
  5.00% APR 85 - 144 MONTHS
     
SIGNATURE LOANS 12.90% APR 48 MONTHS
     
SIGNATURE/SHARE LOANS 10.75% APR 48 MONTHS
     
MISCELLANEOUS COLLATERAL 12.25% APR 60 MONTHS
     
MOBILE HOME    

NEW 09, 08 & 07

6.00% APR 1 - 60 MONTHS

NEW 09, 08 & 07

8.00% APR 61 - 144 MONTHS

USED 06 - OLDER

11.00% APR 1 - 60 MONTHS

USED 06 - OLDER

12.00% APR 72 - 84 MONTHS
     
HOME EQUITY LOANS    
  **5.45% APR** LTV-85% 1 - 84 MONTHS
  **6.25% APR** LTV-80% 85 - 180 MONTHS
     
VISA 9.90% APR  

Any and all loans are subject to the approval of the loan officer.  The above guidelines are used by the loan officer in determining the applicable loan rate and terms.  The rate and terms may be changed without notice.

**These rates can be reduced by .25% with payroll deduction payments, savings transfer payments or automatic payments from another institutions account.  An additional .20% reduction can be earned with automatic payments from your Laneco Federal Credit Union share draft (checking account). **  Rate reduction special good for loans disbursed June 1, 2008 through September 30, 2008.

**Loan terms and loan to value ratios will be determined based on the credit qualifications of the applicants**

**These rates apply to new loans only, refinance of current Laneco Federal Credit Union loans do not qualify for these rates.**

 

 

LANECO'S VISA CREDIT CARD