 |
Loan Rates
Effective Since May 1, 2013
| General
Criteria |
Platinum |
Tier
A |
Tier B |
Tier C |
Tier D |
Tier E |
| Aggregate Loan Limit |
$75,000 |
$50,000 |
$40,000 |
$30,000 |
$25,000 |
$25,000 |
| Empirical/Beacon Score |
730 & Above
|
680 - 729
|
640 - 679
|
600 -639
|
550 - 599
|
549 & Below
|
Debit Ratio
(Gross Income) |
50% Or Less
|
45% Or Less
|
40% Or Less
|
35% Or Less
|
30% Or Less
|
25% Or Less
|
Debit Ratio
(Net Income) |
70% Or Less
|
65% Or Less
|
60% Or Less
|
55% Or Less
|
50% Or Less
|
45% Or Less
|
| |
| New
Vehicles |
Tier
A |
Tier
A |
Tier
B |
Tier
C |
Tier
D |
Tier
E |
| Loan Value |
MSRP |
MSRP |
MSRP |
MSRP |
MSRP |
MSRP |
| Down Payment |
0% |
5% |
10% |
15% |
20% |
20% |
| Maximum |
$50,000 |
$40,000 |
$30,000 |
$25,000 |
$20,000 |
$20,000 |
| RATES |
APR* |
APR* |
APR* |
APR* |
APR* |
APR* |
| 36 Months |
4.00% |
4.50% |
8.75% |
10.25% |
12.00% |
12.00% |
| 48 Months |
4.00% |
4.75% |
9.00% |
10.50% |
12.00% |
12.00% |
| 60 Months |
4.00% |
5.00% |
9.25% |
10.75% |
12.00% |
12.00% |
| 72 Months |
4.00% |
5.25% |
9.50% |
11.00% |
N/A |
N/A |
|
| Used
Vehicles |
Tier
A |
Tier
A |
Tier
B |
Tier
C |
Tier
D |
Tier
E |
| Loan Value |
NADA
Retail
Value |
NADA
Retail Value |
NADA
Retail Value |
NADA
Retail Value |
NADA
Retail Value |
NADA
Retail Value |
| Down Payment |
0% |
5% |
10% |
15% |
20% |
20% |
| Maximum |
$40,000 |
$35,000 |
$25,000 |
$20,000 |
$15,000 |
$15,000 |
| RATES |
APR* |
APR* |
APR* |
APR* |
APR* |
APR* |
| 36 Months |
4.00% |
4.50% |
8.75% |
10.25% |
12.00% |
12.00% |
| 48 Months |
4.00% |
4.75% |
9.00% |
10.50% |
12.00% |
12.00% |
| 60 Months |
4.00% |
5.00% |
9.25% |
10.75% |
12.00% |
12.00% |
|
| Shared
Secured |
Tier
A |
Tier
A |
Tier
B |
Tier
C |
Tier
D |
Tier
E |
| Maximum Amount |
100% Of Available Shares |
100% Of Available Shares
|
100% Of Available Shares
|
100% Of Available Shares
|
100% Of Available Shares
|
100% Of Available Shares
|
| RATES |
APR* |
APR* |
APR* |
APR* |
APR* |
APR* |
| 1 - 6 Years
|
Dividend +200 BP
|
Dividend +200 BP
|
Dividend +200 BP
|
Dividend +200 BP
|
Dividend +200 BP
|
Dividend +200 BP
|
|
| VISA
CLASSIC |
Details |
| Classic Card Rate (.039726) |
11.99% APR*
|
| Grace Period |
25 Days |
| Annual Fee |
None |
| Minimum Finance Charge |
$0.50 |
| Transaction Fee For Purchases |
None |
| Late Payment Fee (Over 10 Or More Days Late) |
$25.00 |
| Cash Advance |
11.99% APR*
|
| VISA
GOLD |
Details |
| Gold Card Rate (.034246) |
9.99% APR*
|
| Grace Period |
25 Days |
| Annual Fee |
None |
| Minimum Finance Charge |
$0.50 |
| Transaction Fee For Purchases |
None |
| Late Payment Fee (Over 10 Or More Days Late) |
$25.00 |
| Cash Advance |
9.99% APR*
|
|
|
|
 |
|
Terms
may vary. Subject to members individual credit worthiness.
Rates are subject
to change without prior notice.
Contact CanDo for
more information.
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