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Instructions: This addendum is incorporated into and
becomes a part of your LOANLINER® Credit Agreement. The ANNUAL PERCENTAGE
RATES, corresponding daily periodic rates and amount and due dates of payements
for each loan sub-account are shown below. If there is no payment schedule, the
amount and due date of payments will be determined at the time of each advance
and disclosed on the Disbursement Receipt Voucher. Other charges that may be
imposed are also shown below (i.e., late charges, filings fees, collection costs).
| Loan Sub-Account Description |
Daily Periodic |
APR |
Approx. Term |
| Share Secured |
.008904% |
3.25% |
up to 60 months |
| Line of Credit |
.031507% |
11.50% |
|
Signature, Personal, Partiallly Secured
(Other titled collateral includes personal watercrafts (Jet Ski's)/snowmobiles and off-road motorcycles)
|
.032877% |
12.00% |
up to 60 months |
New & Used Vehicles
(2003 or newer/Must be $15,000 minimum to be 72 month term and $25,000 to be 84 month term)
|
| up to 100% financed |
.016411% |
5.99% |
up to 84 months |
| Used Vehicles Older than 2003 |
.019151% |
6.99% |
up to 60 months |
| Vehicles with 100,000 or more miles |
.023260% |
8.49% |
up to 48 months |
|
New Boats & RV's
|
| 80% financed |
.017781% |
6.49% |
up to 180 months |
| 90% financed |
.019151% |
6.99% |
up to 180 months |
| 100% financed |
.020521% |
7.49% |
up to 180 months |
|
Used Boats & RV's (90% maximum financed)
|
| 80% financed |
.020521% |
7.49% |
up to 180 months |
| 90% financed |
.021890% |
7.99% |
up to 180 months |
| Motorcycles - (Street Legal Only) |
| New |
80% financed |
.020548% |
7.50% |
up to 72 months |
| 90% financed |
.021918% |
8.00% |
up to 72 months |
| 100% financed |
.023288% |
8.50% |
up to 72 months |
| Used |
| 80% (maximum of blue book) |
.023973% |
8.75% |
up to 72 months |
| 90% (maximum of blue book) |
.025342% |
9.25% |
up to 72 months |
|
effective April 29th, 2008
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RATE CONDITION: If financing more than 100% of N.A.D.A.
Blue book value, intrest rate will revert to the Signature/Personal/Partially Secured rate.
Minimum Monthly Payment: $25.00
Late Charge: If payment is 7 days late you will be charged 20% of interest due
with a minimum of $15.00.
Collection Costs: You promise to pay all costs of collecting the amount you owe
under this agreement including costs and reasonable attorney fees.
Filing Fees: You will be charged a filing fee at the time of an advance if the
credit union takes a security interest in your collateral. The amount of the filing
fee will be based upon the amount of fee required by state of law for the credit
union to obtain a lien on your property. The amount of the filing fee will be
disclosed on the voucher.
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