| Effective Date: March 9, 2010 |
| 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 |
6.00%** |
48 Months |
10% |
$23.49 |
|
6.25% |
48 Months |
10% |
$23.60 |
|
6.50% |
60 Months |
10% |
$19.57 |
| ** 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 |
2006-2009 Models
20% Down |
7.00% ($44.77)* |
7.00% ($30.88)* |
7.00% ($23.95)* |
7.00% ($19.80)* |
2002-2005 Models
25% Down |
9.20% ($45.78)* |
9.20% ($31.89)* |
9.20% ($24.98)* |
9.20% ($20.86)* |
| (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 Loan |
|
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 |
