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C |
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| 2008-1997 Automobiles - |
LOAN TYPE |
TERM |
APR |
APR |
APR |
APR |
APR |
APR |
| Other Collateral* |
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12 MO |
4.50% |
4.75% |
5.75% |
7.75% |
10.75% |
14.75% |
| *Motor Homes, Campers, 5th Wheels |
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24 MO |
4.50% |
4.75% |
5.75% |
7.75% |
10.75% |
14.75% |
| Travel Trailers,Motorcycles, |
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36 MO |
4.60% |
4.85% |
5.85% |
7.85% |
10.85% |
14.85% |
| Snowmobiles, Boats, Jet Ski, ATV, |
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48 MO |
4.80% |
5.05% |
5.05% |
6.05% |
11.05% |
15.05% |
| Utility Trailers,(ie: horse, enclosed or snowmobile trailers) |
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60 MO |
5.00% |
5.25% |
6.25% |
8.25% |
11.25% |
15.25% |
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72 MO |
5.75% |
6.00% |
7.00% |
9.00% |
12.00% |
16.00% |
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1996 and older model years will have an unsecured rate
Up to 100% LTV, LTV BASED ON CREDIT SCORE ** 80% LTV on collateral with 120,000 miles or more and limited to a maximum term of 36 months
Add 1.0% to loans for classic cars and motorcycles older than 20 years |
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A+ |
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B |
C |
C- |
D |
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LOAN TYPE |
TERM |
APR |
APR |
APR |
APR |
APR |
APR |
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84 MO |
6.75% |
7.00% |
8.00% |
10.00% |
13.00% |
17.00% |
| 8 YR AMORITIZATION WITH 5 YEAR BALLOON |
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96 MO |
7.25% |
7.50% |
8.50% |
10.50% |
13.50% |
17.50% |
| 10 YR AMORITIZATION WITH A 5 YR BALLOON |
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120 MO |
7.50% |
7.75% |
8.75% |
10.75% |
13.75% |
17.75% |
| 12 YR AMORITIZATION WITH A 5 YR BALLOON |
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144 MO |
7.75% |
8.00% |
9.00% |
11.00% |
14.00% |
18.00% |
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<80% |
15 yr amoritatization MAX on 2nds |
5.50% |
5.75% |
6.25% |
8.25% |
11.25% |
15.25% |
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>81-90% |
30 yr amoritization MAX on 1sts <80% |
5.75% |
6.00% |
6.50% |
8.50% |
11.50% |
15.50% |
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>91-100% |
add 1% to pricing for >81-90% on 1sts |
6.25% |
6.50% |
7.00% |
9.00% |
12.00% |
16.00% |
| Appraisal or tax assessed may be used |
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| 5 Year Balloons |
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| NOTE: Closing costs may increase the APR on real estate loans |
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| Home Equity Line of Credit |
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<80% |
HELOC Variable Rate ** |
5.25% |
5.50% |
6.00% |
8.00% |
n/a |
n/a |
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>81-90% |
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5.50% |
5.75% |
6.25% |
8.25% |
n/a |
n/a |
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>91-100% |
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6.00% |
6.25% |
6.75% |
n/a |
n/a |
n/a |
| 5 yr draw amoritization up to 20 years |
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| $5000 minimum/$250 minimum draw |
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| Minimum payment $100.00 |
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| ** Rate may change quarterly |
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| ** Prime Rate is based on Wall Street Journal |
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| Current Prime as of April 30, 2008 5.00% |
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| Construction Loan |
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<80% |
Variable Rate ** |
6.00% |
6.25% |
6.75% |
8.75% |
n/a |
n/a |
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>81-90% |
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7.00% |
7.25% |
7.75% |
9.75% |
n/a |
n/a |
| Owner occupied property in SD only & <40 acres zone property |
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| 6 month term |
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| Must be pre-approved for permanent financing |
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| Appraised value must be used |
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| ** Rate may change quarterly |
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| MOBILE HOMES |
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New to 4 Years |
180 Mo |
9.50% |
9.75% |
10.25% |
12.25% |
15.25% |
18.00% |
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5 to 8 Years |
144 Mo |
10.00% |
10.25% |
10.75% |
12.75% |
15.75% |
18.00% |
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9 to 11 Years |
120 Mo |
10.50% |
10.75% |
11.25% |
13.25% |
16.25% |
18.00% |
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12 to 15 Years |
72 Mo |
12.50% |
12.75% |
13.25% |
15.25% |
18.00% |
18.00% |
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| UNSECURED |
| UP TO $15,000 AGG. PER |
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24 MO |
8.00% |
8.75% |
9.50% |
11.50% |
13.50% |
16.00% |
| MEMBER |
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36 MO |
8.50% |
9.25% |
10.00% |
12.00% |
14.00% |
16.00% |
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48 MO |
9.25% |
9.75% |
10.25% |
12.25% |
15.00% |
16.00% |
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60 MO |
10.25% |
11.00% |
11.75% |
13.75% |
15.00% |
16.00% |
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VARIABLE |
LOC |
10.25% |
11.25% |
12.50% |
15.50% |
17.50% |
18.00% |
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| 12 MO and 24 MO $1000 minimum advance, $60.00 minimum payment
36 MO $3000 minimum, 48 MO and 60 MO $5000 minimum
Line of Credit(LOC) Review after 24 Months, Rates may change Quarterly, Same min adv/pymt as fixed |
| CREDIT CARDS |
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Visa Classic |
Min payment $25.00 or 3% |
9.90% |
9.90% |
9.90% |
9.90% |
9.90% |
9.90% |
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Visa Platinum Preferred |
rate may change Quarterly |
5.00% |
5.00% |
5.00% |
n/a |
n/a |
n/a |
| OVERDRAFT |
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Min payment $25.00 or 5% |
17.00% |
17.00% |
17.00% |
17.00% |
17.00% |
17.00% |
| SHARE SECURED/CERTIFICATE SERCURED |
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2% above the share/CD rate that is being used for security |
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100% of balance |
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> Rates are subject to change
> These rates include a .25% discount available to members who maintain a checking account with us and their loan payment is made by automatic payment method.
> A 1% reduction in C, C-, D rates to those members who have successfully completed the Credit When Credit is Due course. This discount does not apply to line of credits or credit cards. |
| Rapid City Medical Federal Credit Union offers a tiered pricing program. This allows as many members as possible to obtain financing. Your individual rate will be determined by the type and/or age of collateral offered, length of the loan, and your credit history. We welcome your application. |
