Consumer Loan Rates
Effective 12/01/2011
All Interest Rates are subject to credit approval and may change without notice
(1) A .25% rate discount will be applied to all fixed rate loans with a direct debit of payment from a CCB deposit account.
(2) The Home Equity Credit Line has a variable rate of interest tied to the Prime Rate, plus 1.0% as published in the Wall Street Journal, with a minimum interest rate of 5.50%. This rate may change daily, but will never go below 5.50%. The maximum Annual Percentage Rate will not exceed 18%. Maximum loan amount is $250,000. No annual fee. Draw period is the first 118 months, interest payments are due monthly on principal outstanding. No draws are available in the remaining 120 months, interest and principal payments are due monthly in substantially equal installments.
(3) The Home Equity Jumbo Credit Line (for loan amounts greater than $250,000) has a variable rate of interest tied to the Prime Rate, plus 1.25%, as published in the Wall Street Journal, with a minimum interest rate of 5.50%. The rate may change daily, but will never go below 5.50%. The maximum Annual Percentage Rate will not exceed 18%. No annual fee. Draw period is the first 118 months, interest payments are due monthly on principal outstanding. No draws are available in the remaining 120 months, interest and principal payments are due monthly in substantially equal installments.
(4) Rate may vary based on type of collateral.
(5) Interest may be tax deductible. Please consult your tax advisor.
(6) Loan may be up to 75% of the purchase price, excluding taxes and dealer fees
(7) Loan may be up to 75% of the amount stated by NADA.
(8) Payment amount assumes 30 days to first payment.
(9) Overdraft Protection Line must be linked to a checking account.
(10) Payment does not include taxes and insurance and the actual payment obligation will be greater.
(11) Loan may be up to 75% of the lesser of purchase price or fair market value.
(12) Loan may be up to 65% of the equity in your home.
(13) Property insurance may be required.
