Loan Rates

Effective July 30, 2008

 

New Cars - 20% Down
Year	APR	Term
-	5.75	60 Months
Used Cars - 20% Down
2007	6.00	60 Months
2006	6.25	60 Months
2005	6.50	48 Months
2004	6.75	42 Months
2003	7.00	42 Months
*Deduct .25% off rate for automatic debit out of a Charter Bank checking or savings account. NOTE: Units older than 2003 will be considered for financing based on value and applicant's credit profile at a rate of 10%. WITH a $100.00 Processing Fee.

 

 

Recreational Vehicle and Boat Loans
	Maximum Term	APR	Processing Fee
New > $20,000	60 Months	8.50%	$100.00
New < $20,000	60 Months	8.50%	$100.00
Used	48 Months	9.00%	$100.00
Motorcycles, Jet Skis, etc.
$10,000 or More	60 Months	10.00%	$100.00
$9,999 or Less	48 Months	10.00%	$100.00
Retail Purchase Loans
Computers, Pianos, Etc.	48 Months	10.00%	$100.00
Personal Loans
Unsecured	36 Months	10.00%	$100.00
Secured Stock	36 Months	Variable rate based on Prime	$100.00
Secured CD	36 Months	Deposit Rate + 3.00%. Min. APR will be Prime Rate	No Fee
IRA's and checking accounts cannot be used to secure a consumer loan. Processing fee of $100.00 will be charged on all loans less than a 12 month duration.

 

Home Equity Fixed Rate Loan
	Term	LTV	Rate
$10,000 minimum	5 Year	85% or less	6.00%*
Up to 20 year amortization - any amortization over 5 years results in a balloon payment.
$10,000 minimum	7 Year	85% or less	6.50%*
Up to 30 year amortization - any amortization over 7 years results in a balloon payment.
*For well qualified borrowers. Rates may vary. Get a lower rate with automatic debit from a checking or savings with Charter National Bank!

 

Home Equity Line of Credit

1% BELOW PRIME ON ANY LINE AMOUNT*

Other Options Available

* This is a special offer with a rate of 1.00% below the prime rate. Applies on lines with a LTV of 80% or less on $650,000 or below or a LTV of 65% or less on $650,000 or more appraised value.  For the Variable Rate Home Equity Line of Credit, the Annual Percentage Rate (“APR”) is a variable rate based on the highest “Prime Rate” as it is published in the “Money Rates” section of The Wall Street Journal from time to time. For example, on January 30, 2008, the Prime Rate was 6.00% resulting in an APR of 5.00%. The minimum APR is 5% and the maximum APR is 18%. While you may close your account at any time, all accounts closed within the first 12 months will be assessed a $350 early termination fee. A $25 annual fee applies after the first year. There are no other fees required to open this account. Adequate property insurance is required. Flood insurance may be required. This is a limited time offer. Offer applies to owner occupied residences located in the Chicago Metropolitan area and is for new Home Equity Line of Credit customers only. **You should consult a tax advisor regarding the deductibility of interest and charges under the plan.