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MERHO Federal Credit Union Loan Rates Effective Date: 05/23/2011
All rates are APR (Annual Percentage Rate)
Click Here Open End/Revolving Loans
9.00% $50.00 per month pmt $500 - $2,499 $75.00 per month pmt $2,500 - $3,000 $100.00 per month pmt $3,001 - $3,500 $125.00 per month pmt $3,501 - $4,000 $150.00 per month pmt $4,001 - $4,500 $175.00 per month pmt $4,501 - $5,000 $200.00 per month pmt $5,001 - $6,000
.30% debt ratio (or better)
Mortgage Loans:
1st & 2nd mortgages. Finance 80% of the Appraised Value.
Please call the office for mortgage rates.
Signature Loans:
11.25% apr with 20% collateral. 40% or less debt ratio
Motorcycle Loans:
Same rates as car loans (book value)
All terrain vehicles: 10%
Share Secured Loans:
4.00% apr secured by regular share certificate
Mobile Homes:
15% apr New. Must have book value
16% apr Used. Must have book value
FEES:
$5.00 Application fee on Regular Loans (includes charge for credit report)
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