Loan Rates

 

CURRENT LOAN RATES
JANUARY 1, 2012
  Rates are stated as APR—annual percentage rate

Vehicle **       100% Financing on Vehicles **

Term	’08-2012	’02-2007	’98-2001	’95-1997	’94 & Older
1-24 Months	4.90%	6.25%	7.90%	8.90%	9.40%
25-36 Months	4.90%	6.25%	8.90%	9.40%	N/A
37-48 Months	4.90%	6.25%	8.90%	9.40%	N/A
49-60 Months	4.90%	6.25%	N/A	N/A	N/A
* 61-72 Months	5.90%	---	---	---	---

Example: A new auto loan of $20,000 for 60 months with a 4.90 APR, the monthly payment will be approximately $376.48.

*   Loan must be for $20,000.00 or more.

** A down payment of 10% of purchase price shall be required on all new or used motorcycles, boats, trailers, snowmobiles or other recreational vehicles.

** Financing is limited to average NADA retail value

** 2002-2011 vehicles must have 40,000 miles or less to qualify for 60
      month loan.

Home Equity Loans         

1-36 Months	3.90%
37-60 Months	4.75%
61-84 Months	5.25%

Example: A home equity loan for $20,000 for 60 months with a 4.75% APR, the monthly payment will be approximately $375.11.

** We can refinance your loans from other lenders -or-
** To re-do an existing loan with us,  you must borrow at least $5000 new money

Member pays pencil search, mortgage filing and flood certification fees.
All Iowa Counties are Eligible

Signature Loan Rates

1-12 Months	9.9%
13-24 Months	10.9%
25-36 Months	11.9%

Example: A signature loan for $5000 for 36 months with a rate of 11.9% APR, the monthly payment will be approximately $165.85.

*    New Money Only
** 13-36 Months Signature Loans must be for $2000 - $5000

SHARE SECURED LOANS - Minimum rate must be 2% above paid rate used on share certificate or shares used for security.  Loan rate fixed for 12 months.  Life savings not eligible for share secured loan.

OPEN END LOANS - 13.25% - Must reapply after 3 years.

MASTERCARD AND VISA - 13.25%