AUTO & PERSONAL LOAN RATES
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

 

 
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