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Loan Rates and Fees

 
 

 

Effective 03/1/09           
    Unsecured        
  Credit Score   Base Rate is: 8.00%    
    Limit- Mo Gross Term Limit Rate    
             
A+ 725 + 3 months 12 mo & less Base -2%

6.00%

  
    3 months 24 mo & less Base -1% 7.00%  
    3 months 25 - 36 month Base  8.00%  
             
A 675 - 724 3 months 12 mo & less Base -1% 7.00%  
    3 months 24 mo & less Base  8.00%  
    3 months 25 - 36 month Base +2% 10.00%  
             
B 625 - 674 3 months 12 mo & less Base +2% 10.00%  
    3 months 24 mo & less Base +3% 11.00%  
    3 months 25 - 36 month Base +5% 13.00%  
             
C 575 - 624 2 months 12 mo & less Base +6% 14.00%  
    2 months 24 mo & less Base +7% 15.00%  
    2 months 25 - 36 month Base +9% 17.00%  
             
D 525 - 574 2 months 12 mo & less Base +8% 16.00%  
    2 months 24 mo & less Base + 9% 17.00%  
    2 months 25 - 36 month Base + 10% 18.00%  
             
E below 525 2 months 12 mo & less Base +9% 17.00%  
    2 months 24 mo & less Base + 10% 18.00%  
    2 months 25 - 36 month Base + 10% 18.00%  
           
No member shall exceed $20,000 unsecured debt with NGHCU.  
Total unsecured debt (with us & others) cannot exceed 35% of Annual Gross Income for A+, A and B
Total unsecured debt (with us & others) cannot exceed 25% of Annual Gross Income for C, D and E
Personal Line of Credit Pre-Approvals are good for 1 year on A+, A, and B    
Personal Line of Credit Pre-Approvals are good for 6 months on C, D and E    
The same criteria applies for single signature, co-applicant, or co-signed loans    
The 3 month add-on waiting period is removed, however, if adding less than $500, a $50 re-financing fee is charged.
Special-Seasonal loans are no longer made. A single signature loan will replace all signature and seasonal loans.

 
    Title Secured      
  Credit Score   Base Rate is: 6.90%  
    MSRP limit Term Limit Rate Rate
A+ 725 + 110% 36 mo & less Base -2% 4.90%
    110% more than 36 mo Base  6.90%
          5.90%
A 675 - 724 100% 36 mo & less Base -1% 5.90%
    100% more than 36 mo Base  6.90%
          6.90%
B 625 - 674 90% 36 mo & less Base  6.90%
    90% more than 36 mo Base +1% 7.90%
          7.90%
C 575 - 624 90% 36 mo & less Base +2% 8.90%
    90% more than 36 mo Base +4% 10.90%
          8.90%
D 525 - 574 80% 36 mo & less Base +3% 9.90%
    80% more than 36 mo Base + 5% 11.90%
          9.90%
E below 525 80% 36 mo & less Base + 6% 12.90%
    80% more than 36 mo Base +7% 13.90%

 

The Maximum term for Title loans            
Age of Vehicle  Dollar        
New - 1year any 72 months      
2-3 year old any 60 months      
4-5 year old more than $5000 48 months      
6 years  & older  $5000 & less 36 months      
Title loans are automobiles, trucks, motorcycles, or mobile homes      
The maximum amount recommended for all Titled secured loans is 75% of gross annual income  
Used cars as collateral that is not "purchase money" - member must bring car to CU to be viewed or bring picture
           

 

  Shares Secured          
Credit Score NGH Shares Base Rate is: 2% over rate of
deposit securing loan		      
(does not matter) Amount Limit Term Limit Rate      
<525 ->725 100% of Shares 60 mo & less 2% over deposit
rate at time of loan		      
           
  PayrollADVance          
Credit Score   Base Rate is: 18.00%      
(does not matter)   Term Limit Rate Rate    
<525 ->725 $500 3 mo  Base 18.00%    
<525 ->725 $300 or less 2 mo  Base 18.00%    
             
  UCC1 Secured        
  Credit Score   Base Rate is: 8.90%    
    MSRP limit Termit Limit Rate Rate  
A+ 725 + 110% 24 mo & less Base -2% 6.90%  
    110%  25 mo - 48 mo Base  8.90%  
             
A 675 - 724 100% 24 mo & less Base 8.90%  
    100%  25 mo - 48 mo Base +1% 9.90%  
             
B 625 - 674 90% 24 mo & less Base +1% 9.90%  
    90%  25 mo - 48 mo Base +2% 10.90%  
             
C 575 - 624 80% 24 mo & less Base +2% 10.90%  
    80%  25 mo - 48 mo Base +4% 12.90%  
             
D 525 - 574 80% 24 mo & less Base + 4% 12.90%  
    80%  25 mo - 48 mo Base + 5% 13.90%  
             
E below 525 80% 24 mo & less Base + 6% 14.90%  
    80%  25 mo - 48 mo Base + 7% 15.90%  
           
The Maximum term for UCC1 loans is 48 months.  UCC1 loans are any new purchase item with a sales reciept.

 

    Fixed Rate
Real Estate		   (Recommend to
 be approx. Prime + .90%)		    
  Credit Score   Base Rate is: 3.25%    
    LTV Limit Term Limit Rate  Rate  
A+ 725 + 80% 90 mo & less Base -1% 2.25%  
    80% 90 mo- 180 mo Base  3.25%  
             
A 675 - 724 80% 90 mo & less Base -1% 2.25%  
    80% 90 mo- 180 mo Base  3.25%  
             
B 625 - 674 80% 90 mo & less Base 3.25%  
    80% 90 mo- 180 mo Base + 1% 4.25%  
             
C 575 - 624 80% 90 mo & less Base + 1% 4.25%  
    80% 90 mo- 180 mo Base + 2% 5.25%  
             
D 525 - 574 80% 90 mo & less Base + 2% 5.25%  
    80% 90 mo- 180 mo Base + 4% 7.25% *
             
E below 525 80% 90 mo & less Base + 3% 6.25%  
    80% 90 mo- 180 mo Base + 5% 8.25% *
The Maximum term for Fixed Rate Real Estate loans is 180 months
Fixed rate Real Estate loans may be land only or land with home
The same criteria applies for new purchase, used, or re-finances. 
A full appraisal by a licensed appraiser is required.

 

  Variable Rate HELOC
 Real Estate		   3/01/09 Prime is
3.25%		  
  Credit Score   Base Rate is: Prime +1% Adjusted
Quarterly
    LTV Limit Term Limit Rate  
A+ 725 + 80% 120 mo & less Base 5.00%
           
A 675 - 724 80% 120 mo & less Base 5.00%
           
B 625 - 674 80% 120 mo & less Base 5.00%
           
C 575 - 624 80% 120 mo & less Base 5.00%
        Prime + 3%  
D 525 - 574