Guaranteed Asset Protection Insurance is designed to "fill the gap" between what you owe on your vehicle, and what the insurance company pays if your car is totaled in an accident. GAP Insurance will also give you $1,000 cash toward a replacement car if you finance with the credit union again! The one time fee of $225 can even be included in your loan.
Don't get caught in the G A P!
Loan Rates Effective July 25, 2014
Rates are subject to change without notice.
Fixed Rate Loans
*APR= Annual Percentage Rate. Rates determined by member’s credit score, term of loan and age of vehicle. Quoted rate is based on a 36 month term. Other great rates and terms available. Offer does not apply to existing NFFCU loans. Rates subject to change without notice. The monthly payment per $1,000 borrowed at 2.00% for 36 months is $28.65.
Maximum signature loan limit will be based on credit history. Quoted rate is based on a 2 year term. Other collateral may be used as security for amounts above the signature limit. Overdraft protection and VISA limits are included in the signature limit. Rates subject to change without notice. The monthly payment per $1,000 borrowed at 7.75% for 2 years is $45.11.
Variable Rate Loan
The annual percentage rate is subject to change on the 1st day of February, May, August, and November based upon the average of the prior quarter's Federal Reserve prime rate, rounded up to the nearest ¼% (index), plus or minus the percentage shown above. Late charge is 10% of the payment or $25.00, whichever is greater and a Returned Payment Fee of $32.00 if your loan payment is returned unpaid for any reason. There is a $10.00 minimum deposit to open an account.
The annual percentage rate will be 3.5% APR* above the average dividend rate earned on the security accounts, rounded up to the nearest ¼%. The security for deposit secured advances must be maintained to the extent of the unpaid balance of the advance. When the average deposit yield changes, the annual percentage rate will change to reflect the new dividend rate. Exception to the deposit secured rate will be for an Overdraft Protection Loan. It will be written at the Overdraft Protection loan rate regardless of collateral.
Only stock traded on the New York, American or over the counter exchange will be accepted. The maximum loan is 70% of the stock value.
*LTV = Loan to value
Maximum loan to value is 80%. Offer valid for purchases and refinances. CT properties only. All rates and terms subject to change without notice. Homeowner’s insurance is required. Additional fees and closing costs apply. Contact NFFCU for an estimate of costs. Consult a tax advisor regarding the deductibility of interest. Rates subject to change without notice.
The Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater than stated.
Note: Click here to see our mobile home/manufactured home rates.
** Loan to value. Maximum loan to value is 90%. Please contact the credit union for additional rate information.
Rate Reduction Reward ~ Automatic payment transfer (discount .25%) from new or existing share draft account.
*APR= Annual Percentage Rate. Your rate will be determined by your credit score, loan to value and term of loan. Maximum loan to value is 90%. Offer valid on Home Equity Loans of $10,000.00 or greater. Other great rates and terms available. Rates subject to change without notice. Title insurance may be required. Homeowner’s insurance is required. Consult a tax advisor regarding the deductibility of interest.
*APR= Annual Percentage Rate. Your rate will be determined by your credit score and loan to value. Maximum loan to value is 90%. Rate is based on the Prime Rate as published in the Wall Street Journal on the last business day of the previous billing cycle. As of 04/30/2012, the Prime Rate was 3.25%. The rate may vary monthly with changes to The Wall Street Journal Prime Rate. 80% LTV minimum rate, 4.50% APR, maximum rate 14.00% APR. 90% LTV minimum rate 6.00% APR, maximum 18.00%APR. Title insurance may be required. Homeowners insurance is required. The annual fee of $25.00 is waived for the first year. Consult a tax advisor regarding the deductibility of interest. Rates subject to change without notice. Other rates and terms available. Payment method example: $10,000 X .0450/365 X 31 days= Monthly Payment