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Loan Rates
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| APR's are accurate as of APRIL 11, 2008 |
The terms disclosed assume the required down payment was provided and an acceptable credit rating for a fully amortized loan. The following interest rates serve only as a guide. Specific rates and terms of
repayment can vary depending on credit history, amount of down payment, age or type
of equipment, financial statement and income to repay loan, and compensating deposit
balances at bank through checking, savings or certificate of deposits.
Annual Percentage Rate = APR
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Automobile/Boat/Snowmobile/Motorcycle/RV Loans
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Amount |
Term |
APR New |
APR Used |
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$3,000 - $6,000 | 36 Months | 7.50% | 8.25% |
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$3,000 - $6,000 | 48 Months | 7.75% | N/A |
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$6,000 - $12,000 | 36 Months | 7.25% | 7.75% |
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$6,000 - $12,000 | 48 Months | 7.50% | N/A |
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$12,000 + | 36 Months | 7.00% | 7.50% |
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$12,000 + | 48 Months | 7.25% | N/A |
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$12,000 + | 60 Months | 7.50% | N/A |
Note: Used Vehicles, etc. not to exceed 36 months in maturity.
All loans require 20% down. Example: A $10,000.00 loan with a term of
36 months at 6.55% would require a monthly payment of $306.72.
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| Real Estate Loans |
1st Mortgage (owner occupied) |
APR |
Notes |
| 5.95-6.50% | Dependant on Term
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Home Equity Line of Credit (owner occupied)
Adjusts with Prime Change |
APR |
Notes |
| Prime | Bank Customers |
| Prime +1 | Non-Bank Customers |
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The greater of $50.00 or 1.500% of your outstanding principal balance on the last day of each billing period. Minimum payment example/draw period: If you took a single $10,000 advance and the Annual Percentage Rate was 4.000%, it would take 36 months to pay off the balance if you made only the minimum payments and the single final payment. During the draw period, you would make 35 payments varying between $100.65 and $150.00 and one final payment of $6,653.72.
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2nd Mortgage - "Closed End" Fixed Rate (owner occupied)
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APR |
Collateral
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| 6.65% | 2nd mortgage on residence |
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Conditions: Applies to New Loans only. In order to receive the rate the customer is required to have more than two products with our bank.
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Mobile Homes
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APR |
| New | 10.75% |
| Used | 14.25% |
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Lot/Construction Loans
Term
1 Year
2 Year
3 Year | APR
6.00%
6.25%
6.50% |
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Lot/Construction loans vary from 7.00% to 7.50% and are subject to additional fees of $275.00 that may change the APR.
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Commercial Loans
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Rental Properties & Commercial Buildings
| Term | APR |
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One Year | 6.25% | |
Two Year | 6.50% | |
Three Year | 6.75%
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- An alternate rate would be prime + 1.00% - 2.00% variable
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Personal Loans
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Loan Amount |
APR |
Notes |
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Over $2,500.00 | 12% | Secured or unsecured |
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Under $2,500.00 | 18% | Secured or unsecured |
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Business Loans
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- 1 to 3.00% over Prime Rate - Price Per Risk - Various Terms
- Secured or Unsecured
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Agricultural Loans
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Farm Chattel (livestock, equipment & operating loans)
Farm Real Estate Loans
- Prime + 1 - 3% with a $250.00 loan administration fee or .5 - 1% fee
* All above loan interest rates serve only as a guide. Specific rates and terms of repayment can vary depending on credit history, amount of down payment, age or type of equipment, financial statement and income to repay loan, and compensating deposit balances at bank through checking, savings or certificate of deposits.
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