Installment Loan Rates

Effective Date: May 1, 2007

  Loan Calculator

Motor Vehicle Loans

New Auto Loans Maximum Term - 60 Months
Rate/Annual Percentage Rate (APR)

 

Maximum Term

Percent Down Payment Per $1,000 Borrowed
Specials Rate 5.75%** 48 Months 10% $23.37
6.00% 48 Months 10% $23.49
6.25% 60 Months  10% $19.45
       
       
** Applies when payment is automatically debited from your Litchfield Bancorp Checking Account
Used Auto Loans
24 Month
Rate/APR
36 Month
Rate/APR
48 Month
Rate/APR
60 Month
Rate/APR
2003-2006 Models
20% Down
6.75% ($44.66)* 6.75% ($30.76)* 6.75% ($23.83)* 6.75% ($19.68)*
1999-2002 Models
25% Down
8.95% ($45.66)* 8.95% ($31.78)* 8.95% ($24.86)* 8.95% ($20.73)*
(Motor Vehicle Loans should be no greater than N.A.D.A. loan value on used cars adjusted for mileage - dealer invoice figures acceptable on new cars - loan to value based on cash price)
Motorcycle Loans
24 Month
Rate/APR
36 Month
Rate/APR
48 Month
Rate/APR
USED Motorcycle
25% Down
14.00% ($48.01)* 14.00% ($34.18)* 14.00% ($27.33)*
NEW Motorcycle
25% Down
9.95% ($46.12)* 9.95% ($32.24)* 9.95% ($25.34)*

Personal Loans

24 Month
Rate/APR
36 Month
Rate/APR
15.00% ($48.49)* 15.00% ($34.67)*  

* Payment Per $1,000.00 Borrowed
Requests for Loans that are an exception to policy will be upcharged a standard .625% over the existing rate



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