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Merchants Bank and Trust Interest Rates on Loans
Automobile Loans
Recreation Vehicle Loans
Secured Loans
Residential Mortgage Loans
Home Equity Loans
APR=Annual Percentage Rate
|
New/Used |
60 |
66* |
3.99% |
4.245% |
|
New/Used |
48 |
54 |
3.74% |
4.054% |
|
New/Used |
36 |
42 |
3.49% |
3.903% |
|
|
|
|
|
|
|
Used |
60 |
60 |
4.74% |
4.996% |
|
Used |
48 |
54 |
4.49% |
4.806% |
|
Used |
36 |
42 |
4.24% |
4.655% |
|
|
|
|
|
|
|
Used |
48 |
48 |
5.25% |
5.568% |
|
Used |
36 |
42 |
5.00% |
5.416% |
|
Used |
24 |
30 |
4.75% |
5.361% |
|
|
|
|
|
|
|
Used |
30 |
30 |
6.99% |
7.490% |
|
|
|
|
|
|
|
Used |
24 |
24 |
9.99% |
10.614% |
For information concerning other financing option contact the branch nearest you.
*66 Months - MSRP or NADA Retail Value of $25,000 or greater.
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, $125 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 December 16, 2008 the Prime Rate is 3.25% APR.
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|
90% |
60 |
5.50% |
5.758% |
|
90% |
84 |
6.00% |
6.190% |
|
90% |
120 |
6.75% |
6.890% |
|
85% |
60 |
9.500% |
9.768% |
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, $125 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 December 16, 2008 the Prime Rate is 3.25% APR.
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(Boats, Motorcycles, Trailers, ATV's, Personal Watercraft)
|
New/Used |
90% |
60 |
5.50% |
5.758% |
|
Used |
85% |
48 |
5.75% |
6.069% |
|
Used |
80% |
48 |
6.00% |
6.320% |
|
Used |
80% |
36 |
6.25% |
6.670% |
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, $125 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 December 16, 2008 the Prime Rate is 3.25% APR.
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*Annual Percentage Rate
Ask us how to earn additional discounts through our loyalty program.
|
3.875% |
3.902% |
|
3.750% |
3.788% |
|
3.250% |
3.298% |
|
3.240% |
3.266% |
|
3.740% |
3.767% |
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 $150,000 loan, $500 in prepaid finance charges, no discount points, and no PMI. APR for ARM loans is based on a $150,000 loan, $500 in prepaid finance charges, no discount points, no PMI. This calculation is based on the initial rate for the initial term and uses a 2.00% index and a 3.00% margin (or other margin as indicated in product) for one change for the remainder of the term.
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 December 16, 2008 the Prime Rate is 3.25% APR. Adjustable Rates are tied to the 1-year Constant Maturity Treasury Rates.
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|
85% |
3.250%** |
|
|
80% |
5.750% |
5.974% |
|
85% |
6.000% |
6.224% |
|
80% |
6.250% |
6.370% |
|
85% |
6.500% |
6.620% |
|
80% |
6.500% |
6.585% |
|
85% |
7.000% |
7.087% |
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, $125 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 December 16, 2008 the Prime Rate is 3.25% APR.
** Equicheck rate tied to Prime Rate. Equicheck has a Prime Floor rate of 5.00% and a Prime Ceiling rate of 18.00%. LTV <70%=Prime; LTV>70.1% - 80%=Prime+.25%; LTV>80.1% - 85%=Prime +.75%
Rates are good as of 1/12/12
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