Loan Rates

CENTURION FEDERAL CREDIT UNION

 

Interest Rate Addendum

Effective: 1/01/14

Replaces: 1/01/13

 

Loan Liner Program

INSTRUCTIONS: This addendum is incorporated into and becomes part of your LOANLINER Credit Agreement. Please keep this attached to your LOANLINER Credit Agreement.

The range of ANNUAL PERCENTAGE RATE for each loan type is shown below. Your specific APR, and the amount and due date of your payments, will be determined at the time of each advance and disclosed on your Advance Request Voucher or Note and Disclosure Statement. Other charges that may be imposed are also shown on this addendum (late charges, filing fees, collection & other costs).

 

Loan Type Maximum Term Annual Percentage Rate
Share-secured 60 months 4.55%
Share-secured 120 months 5.05%

Certificate-secured loans are made at 2.0% over the APY we pay you on the certificate securing the loan, with a term not to exceed the life of the certificate (60 month maximum), although such loans may be renewed, at the then-appropriate loan rate, when and as the underlying certificate is renewed.

The following loans types will have fixed rates, and your rate will be determined by your individual qualifications at the time of the loan approval, and by the collateral used to secure the loan. Ask if you are unclear about the individual rate on your loan.

 

Loan Type Maximum Term Annual Percentage Rate
Signature (Term proportionate to loan size, 60 month maximum) 9.55% to 17.30%
Line of Credit (36 month pay back) 8.05% to 15.05%
NEW* Automobile
2014-2013 60 months 2.99% to 10.45%
2014-2013 (w/$25,000 loan minimum) 72 months 4.25% to 12.45%
USED Automobile
2013-2012 60 months 3.55% to 9.75%
2011-2010 60 months 3.80% to 10.00%
2013-2010 (w/$25,000 loan minimum)
72 months 4.45% to 11.75%
2009-2006 60 months 4.55-5.05% to 12.15%
2005-2002 48 months 5.05-5.55% to 13.00%
2005-2002
54 months 5.55% to 14.15%
2001 & older 42 months 5.55-6.05% to 15.00%
  • We may consider loans against trucks, cars and motorcycles 10 or more model years old with an appropriate evaluation for our loan file.

* New autos are considered never titled with less than 2,500 miles.

Loan Type Maximum Term Annual Percentage Rate
Motorcycles & ATVs (New/Used)
2014-2008 48 months 5.85% to 14.45%
2014-2008 (w/$10,000 loan minimum) 60 months 6.05% to 15.00%
2007-2004 48 months 6.05% to 15.00%
2003 & older 48 months 6.30% to 16.00%
Boats/RVs/Jetskis (New/Used)
2014-2008 48 months 6.55% to 15.75%
2014-2008 (w/$10,000 loan minimum) 60 months 6.80% to 16.50%
2007-2004 48 months 7.05% to 16.00%
2003 & older 42 months 7.30% to 17.75%
Jumbo Loans: Boats, RVs (New/Used)
New to less than 5 model years old 96 months 8.05% to 17.35%
Loan > $ 50,000 up to 120 months 8.55% to 18.75%