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Loan Rates
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Click here for Boat, Motor Homes, Motor cycle rates and more.
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Cannon
Financial FCU is an Equal Opportunity Lender! Loan
Rates may vary from listed schedule and are determined according
to specific loan terms and the individual member's
credit history based on the Managed Credit Program!
All Rates subject to change without notice. Maximum
rate charged for ANY LOAN will not exceed 18.00%.
Rates may vary according to your credit worthiness.
Ask your loan representative for details.
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|
| New Auto Loans |
| Year
2005 to 2006 (Vehicles NOT previously registered
- new) |
| Loan
Amount¹ |
Term |
Annual
Percentage
Rate
Rates as low as |
Daily
Periodic Percentage
Rate |
Annual
Percentage
Rate
Rates as high as |
Daily
Periodic
Rate |
|
Up to $30,000
Up to $30,000
Up to $30,000
Over $30,001
|
48
60
72
84 |
5.875%
6.000
%
6.375
%
7.125 % |
0.016096%
0.016438%
0.017466%
0.016521% |
15.500%
16.000%
17.000%
17.750% |
0.042466%
0.043836%
0.046578%
0.048630% |
Down payment¹ - 10% or greater (may be eligible for
rate reduction). Additional rate reduction guidelines
below. Rates may very according to down payment & credit
history. |
|
| Used Auto Loans |
|
Year 1999 to 2005 (2004 - 2005 models are
"used" if vehicle has been
previously registered - pre-owned) |
| |
Term 84 Months |
Daily Period Rate |
Term 72 Months |
Daily Period Rate |
Term60 Months |
Daily Period Rate |
Term 48 Months |
Daily Period Rate |
| 2007 |
7.625% APR¹ |
0.020980% |
6.875% APR |
0.018836% |
6.750% APR |
0.018493% |
6.625% APR |
0.018151% |
| 2006 |
8.625% APR² |
0.023630% |
7.750% APR |
0.021233% |
7.500% APR |
0.019589% |
7.375% APR |
0.020205% |
| 2005 |
N / A |
N / A |
8.125% APR |
0.023288% |
7.750% APR |
0.019589% |
7.500% APR |
0.020578% |
| 2004 |
N / A |
N / A |
N / A |
N / A |
8.000% APR |
0.020989% |
7.750% APR |
0.021233% |
| 2003 |
N / A |
N / A |
N / A |
N / A |
8.250% APR |
0.023014% |
7.875% APR |
0.021575% |
| 2002 |
N / A |
N / A |
N / A |
N / A |
N / A |
N / A |
8.000% APR |
0.021918% |
| 2001 |
N / A |
N / A |
N / A |
N / A |
N / A |
N / A |
8.250% APR |
0.022603% |
| ¹ 2007 Vehicles – 7.625% APR Rate & Term for Loans $30,000 & over. ² 2006 Vehicles – 8.625% APR Rate & Terms for Loans $30,000 & over @ 90% LTV only
|
| Used Vehicle RISK BASE APR Range with Daily Period Rate
|
RATE (APR)
From Listed Rate 7.15% APR
|
Daily Periodic Rate
RATE 0.018151%
|
RISK BASE (APR)
Rate as high as 18.00% APR
|
Daily Periodic Rate
RATE 0.049315%
|
|
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| Loan
Amount |
Terms
up to
& as long as |
Annual
Percentage Rate |
Daily
Periodic Rate |
Annual
Percentage Rate |
Daily
Periodic Rate |
| Rates
as low as |
Rates
as high as |
| $250
to $15,000 |
Up
to 36 months |
10.75% |
0.029452% |
15.25% |
0.041781% |
|
¹ Loans $5,001 to $15,000 - 48 months term available @ 1%
higher than rate disclosed above.
|
| Loan
Amount |
Term |
Annual
Percentage Rate |
Daily
Periodic Rate |
| $250
to $2,500 |
Up
to 12 months |
10.50 |
0.028767% |
| Loan
Amount |
Term |
Annual
Percentage Rate |
Daily
Periodic Rate |
| $250*
to $5,000* |
Up
to 24 months |
15.00% |
0.041096% |
|
*Advanced in $50.00 increments. Check Guarantee mean there
is a pre-approved credit line & is referenced in the credit
agreement.
|
| Share
Secured |
Share
Secured Loan Rate |
|
Rates as Low As |
Daily Periodic Rate |
3.00% |
0.008219% |
|
The
ANNUAL PERCENTAGE RATE (APR) for the share secured advances
will be the dividend rate being paid on the share offered
as security plus 2%. The APR is subject to change each
time you obtain a new advance. Any increase in the APR
will result in higher payments. If there is an existing
balance on the date of a new advance, the balance will be
added to the new advance and the entire amount will be at
the new APR. Any increases in the APR will result in
higher payments.
|
Rates
Disclosed on voucher accompanying advance.
The ANNUAL PERCENTAGE RATE (APR) for certificate secured advances
will be the dividend rate being paid on the certificate offered
as security plus 2%. The advance will be made for the
length of the certificate only. |
| |
Limits |
APR |
|
| |
$500 -$15,000 |
10.90% |
|
| |
Limits |
APR |
|
| |
$500 -$15,000 |
12.90% |
|
|
Annual Percentage
Rate (APR)
for Purchases
|
Annual Membership Fee |
Grace
Period for Purchases |
Method of Computing Balance for Purchases
|
Late Payment Fee
|
Over the Limit Fee
|
Cash
Advance Fee |
VISA Gold - 10.90%APR
VISA CASSIC - 12.90%APR |
VISA
Gold - $12.00
Waived with new purchases
of $2,000 annually
VISA Classic - NONE |
25
Days |
Average Daily Balance Including New Purchases
|
$20
|
$20 |
NONE |
|
Please ask any staff member for VISA application. *Please see credit application for additional disclosures.
|
First Trust Deeds
Second Trust Deeds |
Home
Equity Line of Credit |
Call
for Rates & Info
714-429-4299 |
| Mortgage Loan Request are on a different format. Please see ask any loan officer for an application. |
| All CFFCU
loans require credit review before approval. OAC = On Approval
Credit. crdit review is based on reports from credit rating
bureaus, ability to repay (income), &analysis of payment history.
All loan Interest Rates are Quoted as Annual Percentage Rate(APR).
Approval based on satisfactory review of credit history abd
erpayment perfromance. Terms of 24 - 84 months are available.
Terms to 84 months available on certinloans over 30,001. For
some loans i.e. vehicle loans, interest rate is determined in
part by down payment, repayment term and review. Not all members
are eligible for the lowest APR. All rates subject to change
without notice. |
|
Preferred
Rate:
|
Your rate my
be reduced by as much as .25% (1/4 percent):
1/8 percent for Down Payment - 10% or greater
1/8 percent
for Auto-Pay from checking or savings
Failure to maintain the preferred rate status, your rate will increase by the amount of the approved reduction.
|
|
Filing
Fee:
|
You
will be charged a lien filing fee at the time of an advance
if the credit union takes a security interest in your collateral.
The amount of the fee will be based on the amount of fee required
by state law for the credit union to obtain a lien on your property.
The amount of the fee will be disclosed on the voucher. |
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Collection
Costs:
|
You
promise to pay, subject to any limits under applicable law,
all costs of collecting the amount you owe under this agreement.
This includes but is not limited to reasonable attorney fees
and account costs as well as legal expenses for any bankruptcy,
appeals or post judgment proceedings. |
|
Late
Fees:
|
If
your payment is 15 days late, you agree to pay a late fee of
5% of the payment due. |
|
Minimum
Amount:
|
Loan
applicants must maintain a minimum of $100.00 in savings account
until loan is paid in full. |
VISA
- It's
everywhere CFFCU members want to be!
Click
here to APPLY for VISA Online
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