THORNAPPLE CREDIT UNION

LOAN RATE SHEET EFFECTIVE: SEPTEMBER 26, 2017

Vehicles new to 5 years old, financed for 120 months or less, have a maximum loan amount of 110% of MSRP (if new) or NADA average retail value (if used) for A & A+ borrowers and 100% of the MSRP (if new) or NADA average retail value (if used) for all other borrowers.

0.50% will be added when 100% is exceeded for A & A+ borrowers and 90% is exceeded for all other borrowers.

Vehicles new to 5 years old, financed for over 120 months, have a maximum loan amount of 80% MSRP (if new) or NADA average retail value.

All other used vehicles may be financed for up to a maximum of 90% of NADA retail value. GAP and mechanical repair coverage may be financed beyond 90% up to a maximum of 110%.

Lawn Mowers may be financed for 90% of MSRP (if new) or 125% of high trade-in according to the Grounds Equipment Blue Book (if used).

To finance for over 60 months, $12,000 or more must be financed.

To finance for 85-180 months, $25,000 or more must be financed and the collateral offered must be a Travel Trailer, Motor Home, Fifth Wheel, or Boat.

To finance for 181-240 months, $50,000 or more must be financed, the collateral must be a new Travel Trailer, Motor Home, Fifth Wheel, or Boat, and the primary borrower must have A or A+ credit.

Vehicles 2000 and older may be financed for up to a maximum of 85% of the NADA average retail value.

Salvaged vehicles may be financed for up to 40% of NADA average retail value.

Untitled vehicles have a $30 processing fee (to cover UCC filing fees). Mulligan Loans have a $50 processing fee.

We have established 2.00% as the lowest rate we will offer. The maximum rate for any loan is 18%

Titled Vehicles

Model Year

New

New

New

New (RVs only)

2012-2016

2012-2016

2012-2016

2012-2016 (RVs only)

2007-2011

2007-2011

2007-2011

2001-2006

2000&older

 

Term

12 to 36 Months

37 to 60 Months

61 to 84 Months

85 to 240 Months

12 to 36 Months

37 to 60 Months

61 to 84 Months

85 to 240 Months

12 to 36 Months

37 to 60 Months

61 to 84 Months

12 to 60 Months

12 to 60 Months

 

Rate

3.00%

3.25%

3.75%

4.25%

3.25%

3.75%

4.25%

4.75%

4.25%

4.75%

5.25%

5.75%

6.25%

 

Credit Score Adjustment

-0.25%  A+ (730+)

Base       A (695-729)

+2.00%  B (650-694)

+4.00%  C (600-649)

+8.00%  D (550-599)

+11.00%  E (100-549)

Other Lending Programs:

Type

Share Secured Loans

Up to 12 Months Closed End Personal Loan

12 to 24 Months Closed End Personal Loan

25 to 36 Months Closed End Personal Loan

37 to 48 Months Closed End Personal Loan

49 to 60 Months Closed End Personal Loan

New Untitled Vehicles 12 to 60 Months

Used Untitled Vehicles 12 to 60 Months

Ruby Visa/Secured

Emerald Visa (C credit and below)

Sapphire Visa (B credit)

Diamond Visa (A and A+ credit)

Visa Balance Transfer

Home Equity Line of Credit Loans

Closed End Student Loan Consolidation

Undergraduate Line of Credit

Rate

2.00%

8.00%

8.50%

9.00%

10.00%

11.00%

5.00%

7.00%

11.99%

11.99%

9.99%

7.99%

1.00% off reg rate

WSJ Prime -0.25%

WSJ Prime +3.50%

WSJ Prime +3.50%

Credit Score Adjustment

-0.25%   A+

base        A

+2.00%  B

+4.00%  C

+8.00%  D

+11.00%  E

 

 

 

 

 

 

 

Floor Rate 4.00%

-0.25% for Automatic Payment

There are no “adjustments for credit score” on Revolving Loans or Student Loans.

TCU may meet or beat rates  and terms found at another institution.