|
Lending Rates are Effective
as of January 1, 2012
New
Vehicle Loans*
Previously untitled 2011,
and any 2012 model-year vehicles titled within the past 6 months with less than 7,000 miles, qualify as new.
|
Term
|
Annual
Percentage Rate (APR)
|
| Up to 48 Months |
4.25%
|
| 60 Months |
4.95%
|
| 72 Months (see
below) |
5.95% |
72 month financing subject to a minimum down payment of 10%, after all factory and dealer discounts are applied. (Minimum $20,000 loan).
Used
Vehicle Loans*
|
Model |
Term
36Mo |
Term
48Mo |
Term
60Mo |
Term
72Mo
(Min $20K) |
|
2012 - 2010 |
4.45%
APR |
4.95%
APR |
5.45%
APR |
5.95%
APR |
| 2009
- 2008 |
5.25%
APR |
5.75%
APR |
6.25%
APR |
N/A |
| 2007
- 2006 |
5.95%
APR |
6.75%
APR |
N/A |
N/A |
| 2005
- Older |
8.00%
APR |
N/A |
N/A |
N/A |
* rates are also
effective for motorcycles and boats.
Motor Homes
New
Motorhomes (New
Vehicle rates apply to shorter terms)
|
Maximum Term
|
Annual
Percentage Rate (APR)
|
|
84 Months
|
6.95%
|
Used
Motorhomes (Used
Vehicle rates apply to 2008 - 2005)
|
Model
|
Annual
Percentage Rate (APR)
|
|
2007
- 2006
|
Maximum of 60
Months at 7.50%
|
|
2005
- Older
|
Maximum of 48
Months at 8.50%
|
Fixed
Rate Home Equity Loans **
Loan To Value
| Term |
Up to 80% |
81% - 90%
|
91% -
100% |
| 3 Years |
4.50% APR |
5.50%
APR |
6.50%
APR |
| 5 Years |
5.00% APR |
6.00%
APR |
7.00%
APR |
| 10 Years |
5.50% APR |
6.50%
APR |
7.50%
APR |
| 15 Years |
6.00% APR |
7.00%
APR |
8.00%
APR |
Variable
Rate (REAP) Home Equity Loans **
| Loan to Value |
Rate |
| Up to 75% |
Prime Rate -
1/2% |
| 76% - 85% |
Prime Rate +
1.0% |
| 86% - 95% |
Prime Rate +
2.5% |
** fees and other
closing cost may apply. Consult a Horizon Credit Union loan
officer for specific terms and conditions.
Mobile
Home Loans:
Loan To Value
| Term |
Up to 80% |
81% - 95%
|
| 7 Years |
6.50% APR |
7.50%
APR |
| 10 Years |
7.50% APR |
8.50%
APR |
Other
Collateralized Loans:
Acceptable collateral includes Appliances; Computers or Office
Equipment; Entertainment (eg. TV or Stereo) Systems; Snowmobiles; ATV's; Jewelry and Collectibles; Stock or Bond
Securities. Collateral must be purchased with the loan
proceeds to be acceptable:
Rate =
7.90% Annual Percentage Rate for a maximum term of 36 months
Personal
(unsecured) Loans:
| Term |
Annual
Percentage Rate (APR) |
| 12 Months |
8.90% |
| 24 Months |
9.90% |
| 36 Months |
10.90% |
| 48 Months |
11.90% |
Kwik-Cash Loans:
Credit lines are from $500 to $15,000, based on credit
qualification standards. Variable rate = Prime +4.9%, adjusted as
of the 1st business day of each month.
Savings
Secured Loans:
Maximum term of 36 Months at
3.50% Annual Percentage Rate
|
