These rates may be adjusted as market rates change. Please confer with a loan officer to discuss your application.
current rates
| Loan application fees |
|
| Member (Personal or auto loan) |
$20.00 |
| Co-signer (Personal or auto loan) |
$20.00 |
| Microenterprise Loan (less than $10,000) |
$20.00 |
| Microenterprise Loan ($10,000 or greater) |
$100.00 |
| Real estate loan |
$200.00 |
| Type Of Account |
Fees
(other than appl fee)
|
Max Term
|
Type
|
Interest Rate
|
| Secured loans |
none
|
12 years
|
Fixed
|
5%
|
| Personal and Now loans |
none
|
12 years
|
Fixed
|
12%
|
| Auto loans |
none
|
12 years
|
|
|
| -- vehicle less than 2 years |
|
|
Fixed |
8% |
| -- vehicle 2 to 4 years old |
|
|
Fixed
|
10%
|
| -- vehicle older than 4 years |
|
|
Fixed
|
12%
|
| Microenterprise |
1% origination fee
|
12 years
|
|
|
| -- less than $10,000 |
|
|
Fixed
|
9%
|
| -- above $10,000 |
NYCfNAC, SBA, and/or Cap Access fees may apply
|
|
Fixed
|
12%
|
| -- line of credit (loc) |
$25 fee per draw
|
|
Adjustable
|
12%
|
| Residential Real Estate |
0.5% origination
|
40 years
|
|
|
| -- 1st mortgage |
|
|
Fixed
|
*
|
| -- 2nd mortgage |
|
|
Fixed
|
*
|
| -- 1st mtg, loan or loc |
|
|
Adjustable
|
*
|
| -- 2nd mtg, loan or loc |
|
|
Adjustable
|
*
|
| -- coop (1st lien only) |
|
|
Fixed
|
*
|
Rates are effective as of November 1, 2010.
* These rates are adjusted as market rates change. Please confer with a loan officer to discuss your application.
