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LOAN RATES
Effective: October 14, 2008
Rates are subject to change without
notice.
See a Loan Officer for details.
Some restrictions apply.
**Interest
rate will be reduced 0.25% provided member agrees to use two of the following
services: Share Draft, Overdraft Protection, Direct Deposit, Debit Card,
Automatic Loan Payment, Certificate, IRA, Home Equity or HELOC Loan.
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New Vehicle and Motorcycle Rates
Qualifications: Borrower
must meet all normal borrowing requirements. Borrowers cannot use
proceeds to refinance or repay an existing loan with Longs Peak Credit
Union. Retail value of MSRP value is used in determining 100%
financing. |
|
Vehicle Year |
Loan Type |
Annual Percentage Rate (APR) |
Maturity |
|
**2007-2008 |
100% financing |
6.25% |
36 months |
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|
|
6.50% |
48 months |
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6.75% |
60 months |
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|
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7.00% |
72 months* |
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7.75% |
84 months* |
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*Value
must exceed $25,000 and be current year.*
**Motorcycle loans not to exceed 60 months** |
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Used Vehicle Rates |
|
Vehicle Year |
Loan Type |
Annual Percentage Rate (APR) |
Maturity |
|
**2005-2006 |
100%financing |
6.75% |
36 months |
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NADA average retail |
7.25% |
48 months |
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**2003-2004 |
|
7.50% |
60 months* |
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*2003-2004
model value must exceed
$10,000* |
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**2002-Older |
|
8.25% |
36 months |
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**Motorcycle loans not to exceed 60 months** |
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Recreational Vehicles
(Titled)
Motor
Homes, Travel Trailers, etc. |
|
Vehicle Year |
Loan Type |
Annual Percentage Rate (APR) |
Maturity |
|
**2007-2008 |
100% financing |
8.00% |
120months* |
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**2006-Older |
|
8.50% |
84 months |
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Vehicle value and age
will determine the allowable terms for financing. This will be
determined at the discretion of the loan officer. |
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Recreational Vehicles (non-titled)
Boats,
Dirt Bikes, ATV, Jet Skis,
Snowmobiles, etc. |
|
Vehicle Year |
Loan
Type |
Annual Percentage Rate (APR) |
Maturity |
|
**2007-2008 |
100%
financing |
8.25% |
66
months |
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**2006-Older |
|
9.00% |
60 months |
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Home Equity
Line of
Credit
|
|
Annual Percentage Rate (APR) |
Maturity |
|
6.00%* |
Revolving |
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*Variable rate based
on prime* |
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Home Equity Loans
(Closed
End)
90% of appraised value or
90% of
tax assessment less 1st mortgage.
Must be for homes in the State of
Colorado and primary residence. |
|
Annual Percentage Rate (APR) |
Maturity |
|
7.00% |
60
months |
|
7.50% |
120
months |
|
8.00% |
180
months |
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Share
Secured |
|
Annual Percentage Rate (APR) |
Maturity |
|
3%
above highest established regular share rate. |
Your
option |
|
Certificate Secured |
|
Annual Percentage Rate (APR) |
Maturity |
|
3%
above certificate rate |
Your
option |
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Signature
Loans |
|
Annual Percentage Rate (APR) |
Maturity |
|
**13.00% |
36
months |
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Overdraft
Protection |
|
Annual Percentage Rate (APR) |
Maturity |
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15.90% |
Revolving |
*Rate is determined by the
services used, credit rating, loan amount and/or loan term.*
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Current Repos
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