|
New Auto Loans |
|
| Loan Type |
Interest Rate
Loan Linked* |
Interest Rate
With Coupons |
Vehicle Yearear |
Maximum
Amt. |
3 Year |
6.750% |
7.000% |
2011 |
$40,000 |
4 Year |
7.000% |
7.250% |
2011 |
$40,000 |
5 Year |
7.250% |
7.500% |
2011 |
$40,000 |
| New
Auto Loan Notations |
* Loan Linked rates are based upon having monthly loan payments deducted from an NVE Bank checking account which maintains an average monthly collected balance of $1,000.00. Customers requesting loan coupons pay an interest rate of .25% higher.
90% maximum loan to value for new automobile loans.
Recording Fees: $85.00
|
Used Auto Loans |
|
| Loan Type |
Interest Rate
Loan Linked* |
Interest Rate
With Coupons |
Vehicle Yearear |
Maximum
Amt. |
3 Year |
7.000% |
7.250% |
2009-2010 |
$20,000 |
3 Year |
7.250% |
7.500% |
2007-2008 |
$20,000 |
| Used
Auto Loan Notations |
* Loan Linked rates are based upon having monthly loan payments deducted from an NVE Bank checking account which maintains an average monthly collected balance of $1,000.00. Customers requesting loan coupons pay an interest rate of .25% higher.
80% maximum loan to value for used automobile loans.
Recording Fees: $85.00
|
Loan rates are effective as of 04/13/2011 and are subject to change without notice.
|
|
|
