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Merchants Bank and Trust Interest Rates on Loans
Dated 11/06/08
Automobile Loans
Recreation Vehicle Loans
Secured Loans
Residential Mortgage Loans
Home Equity Loans
APR=Annual Percentage Rate
|
New/Used |
66* |
7.00% |
7.19% |
|
New/Used |
60 |
6.75% |
6.96% |
|
Used |
60 |
6.75% |
6.96% |
|
Used |
54 |
7.00% |
7.23% |
|
Used |
48 |
7.75% |
8.01% |
For information concerning other financing option contact the branch nearest you.
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Rates are subject to applicants and collateral meeting qualification requirements
Annual Percentage Rate is based on $20,000, $100 in prepaid fees.
Interest rates may vary and are indexed to the Prime Rate as published on the last business day of the month in the Wall Street Journal. As of October 29, 2008 the Prime Rate is 4.00% APR.
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|
90% |
60 |
8.25% |
8.43% |
|
90% |
84 |
8.75% |
8.90% |
|
90% |
120 |
9.25% |
9.37% |
|
85% |
60 |
9.50% |
9.72% |
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Rates are subject to applicants and collateral meeting qualification requirements
Annual Percentage Rate is based on $20,000, $100 in prepaid fees
Interest rates may vary and are indexed to the Prime Rate as published on the last business day of the month in the Wall Street Journal. As of October 29, 2008 the Prime Rate is 4.00% APR.
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(Boats, Motorcycles, Trailers, ATV's, Personal Watercraft)
|
New/Used |
90% |
60 |
8.25% |
8.43% |
|
Used |
85% |
48 |
8.50% |
8.76% |
|
Used |
80% |
48 |
8.75% |
9.01% |
|
Used |
80% |
36 |
9.00% |
9.34% |
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Rates are subject to applicants and collateral meeting qualification requirements
Annual Percentage Rate is based on $20,000, $100 in prepaid charges.
Interest rates may vary and are indexed to the Prime Rate as published on the last business day of the month in the Wall Street Journal. As of October 29, 2008 the Prime Rate is 4.00% APR.
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*Annual Percentage Rate
|
6.375% |
6.400% |
6.500% |
6.525% |
|
6.375% |
6.408% |
6.500% |
6.533% |
|
6.125% |
6.166% |
6.250% |
6.291% |
|
6.125% |
6.149% |
6.250% |
6.275% |
|
6.500% |
6.525% |
6.625% |
6.650% |
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Rates are subject to applicants and property meeting qualification requirements.
Annual Percentage Rate is based on a $100,000 loan, $275 in prepaid finance charges, no discount points, and no PMI.
Interest rates may vary and are indexed to the Prime Rate as published on the last business day of the month in the Wall Street Journal. As of October 29, 2008 the Prime Rate is 4.00% APR.
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4.00%** |
|
80% |
7.00% |
|
80% |
7.50% |
For information concerning other financing option contact the branch nearest you.
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Rates are subject to applicants and collateral meeting qualification requirements
Annual Percentage Rate is based on $50,000, $100 in prepaid fees.
Interest rates may vary and are indexed to the Prime Rate as published on the last business day of the month in the Wall Street Journal. As of October 29, 2008 the Prime Rate is 4.00% APR.
** Equicheck rate tied to Prime Rate. LTV <80%=Prime -.50%; LTV>80% up to 90%=Prime
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