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Loans
United Methodist Federal Credit Union offers the following
types of loans:
- New and used auto loans
- VISA's Classic, Gold and Platinum
- Personal Loans
- Overdraft Protection
- Share Secured Loans
- Share Certificate Secured Loans
- Real Estate - Purchases, Refinances, and Home Equity Lines of
Credit
- Recreational Vehicle Loans
- Church Corporate VISA
- Parsonage Loans
Loan Rates
| Loan Class - Closed-End |
| Vehicle loans as low as 6.00%
APR* |
|
Personal loans as low as 8.00%
APR* |
| Vehicle loans include: Autos, RV's,
Motorcycles, Boats, Motorhomes, Tractor Trailors |
|
Personal loans - Any Purpose |
| Loan Class - Open-End |
| Effective
October 25, 2001 Loan Description |
No. of Months
Term
Up to |
Daily
Periodic
Rate |
Annual Percentage
Rate |
Mixed Collateral
up to $7,500 Unsecured Portion |
48 |
0.00035589 |
12.99% |
| Overdraft Protection |
Revolving |
0.00039726 |
14.50% |
Share Secured
Monthly Cost of Funds + Margin |
120 |
Variable |
CofF +4% |
| Home Equity Lines of Credit |
240 |
Variable |
Variable |
| Quick Equity Lines of Credit |
132 |
0.00035616 |
13.00% |
| New Vehicle financing based upon Dealer Sales
Invoice, up to 125% of invoice |
| Used Vehicle financing based upon low Kelly
Blue Book, or other reputable valuation guide, up to 125% of invoice |
| DMV Fees: |
Subject to regional sales tax
plus transfer/recording fees. |
| LATE CHARGES: |
If a payment is 16 days or more past due,
a late charge of 5% of payment will be assessed, minimum $5.00, maximum $10.00 |
| COLLECTION COSTS: |
You promise to pay all costs of collecting
the amount you owe under this agreement including court costs and reasonable attorney
fees. |
*Annual Percentage Rate. Some members may not qualify for
these rates. Rates vary depending on your product relationships with UMFCU, your personal
qualifications, credit history, employment history, debt to income ratio, etc.
LOAN APPLICATION
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