Current rates and terms:
| Holiday Loan Rates | |||
| Term (months) | APR* with Automatic Payment Discount |
||
| Up to 12 | 8.50% | ||
| 13 - 24 | 8.99% | ||
| 25 - 36 | 9.40% | ||
| 37 - 48 | 9.90% | ||
- Rates as low as 8.50% APR*
- Borrow up to $12,500**
- Make no payment until February 2009***
- Take up to 4 years to repay
- Available each year, October through December 31
| Sample Loan Amount |
12 Months 8.50% |
24 Months 8.99% |
36 Months 9.40% |
48 Months 9.90% |
| $5,000 | $439.70 | $231.92 | $163.51 | $130.24 |
* APR: Annual Percentage Rate. Rates are available for loans with Preauthorized Debit from TFCU Savings or Checking Account. Loan Rates without automatic payments will be .50% higher than those displayed. Rates shown assume maximum discount for Educated Choice. Add .50% without maximum Educated Choice discount. Discounts cannot be applied to existing holiday loans. Applicants not approved at these rates or terms may be offered credit at a higher rate and/or different terms.
** New and existing loan balances cannot exceed an aggregate total of $12,500. Offer expires on December 31, 2008.
*** Monthly payments deferred until February 2009 will have interest accruing from the day the loan is disbursed. This deferment will affect monthly payments and finance charges.
