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SIGNATURE LOAN CLASSIFICATION:
(CONTINUOUS EMPLOYMENT - NO GAP OVER 30 DAYS)
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With 6 mos |
With 1 Yr |
With 5 Yrs |
With 10 Yrs |
With 15 Yrs |
Signature Only:
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3,000.00 |
to $7500.00 |
to $10,000.00 |
to $12,500.00 |
to $15,000.00 |
One Co-signer:
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to $5000.00 |
to $12,000.00 |
to $15,000.00 |
to $17,500.00 |
to $20,000.00 |
Loans are at interest rates as low as 7.50%.
Each of these loans is available for 24, 36 or 48 months except loans for members with six months employment.
A hold of $100.00 will be placed on your main share account for the duration of
any loan with B-MS Federal Credit Union.
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AUTOMOBILE LOAN CLASSIFICATION: (New and Pre-owned car rates)
New Cars:
100% financing including tax and title
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. |
Rates as low as: |
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24 Months |
3.00% |
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36 Months |
3.50% |
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48 Months |
4.00% |
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60 Months |
4.50% |
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72 Months (Over $20,000) |
5.50% |
Pre-Owned Cars: 100% book value (Retail)
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. |
Rates as low as: |
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24 Months 2002 thru 2004 |
3.00% |
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36 Months 2005 thru 2009 |
3.50% |
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48 Months 2010 thru present |
4.00% |
Historical autos are on a case-by-case basis
RECREATIONAL VEHICLE LOAN CLASSIFICATION:
(Boats, ATVs, motorcycles, trailers and motor homes)
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. |
Term |
Amount |
Rate |
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New: |
Up to 84 months |
100% Dealer MSRP |
8.00% |
Available on RV's (trailers and motor homes) over $20,000.00, up to a maximum of $200,000.00
Less than $20,000.00 Maximum term is 5 years
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. |
Term |
Amount |
Rate |
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Pre Owned: |
Up to 84 months |
100% of book Value (retail) |
8.50% |
Available on RV's over $20,000.00, up to a maximum of $100,000.00
Less than $20,000.00 Maximum term is 5 years.
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SHARE SECURED LOAN CLASSIFICATION:
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3% above current dividend rate for maximum of 48 months, fully secured. |
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4% above current dividend rate for 50% secured. |
STOCK SECURED LOAN CLASSIFICATION:
Available up to maximum of 75% value of stock certificates to a maximum of $200,000.00
Terms variable at 8.0% Available only on stocks listed on NYSE.
SPECIAL LOAN CLASSIFICATIONS:
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Computer Purchase |
Up to $2500.00 |
2 Years |
8.50%
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Education (Incl. Tech) |
Up to $5000.00 |
3 Years |
8.50% |
REAL ESTATE LOAN CLASSIFICATIONS:
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Home Equity |
$7,500.00 to $100,000.00 |
5 Years |
6.00% |
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. |
. |
7 Years |
6.25% |
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. |
. |
10 Years |
6.75% |
HOME EQUITY LINE OF CREDIT: *Prime minus .25% with ACH (Prime minus zero without ACH).
Minimum rate of 4.00% APR for life of the loan.
Please call (800) 571-6985 for all Home Equity Loan inquiries.
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Notes:
- *All home equity loans are subject to a $250.00 application fee that is fully refundable at closing.
- ALL LOAN APPLICATIONS WILL BE SUBJECT TO A CREDIT BUREAU REPORT BEFORE LOAN IS APPROVED LOANS MUST BE PAID DOWN 30% BEFORE REFINANCING IS AVAILABLE.
- A HOLD OF $100.00 WILL BE PLACED ON YOUR MAIN SHARE ACCOUNT FOR THE DURATION OF ANY LOAN WITH B-M S FEDERAL CREDIT UNION.
Loan Policy subject to change without prior notice.
Need assistance? Send us an e-mail at info@bmsfcu.org
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