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8/28/2008
| Loan
Type |
Annual Percentage Rate |
Term |
Minimum Amount |
Maximum Amount |
Repayment
Examples |
| COLLATERAL LOANS | |||||
| Passbook & Certificates of Deposit | Deposit rate plus 2% | ||||
| Common Stock - Prime Rate plus 2% | 7.000% APR * | ||||
| CASH RESERVE | |||||
| Prime Rate plus 6% | 11.000% APR * | Revolving | $ 500. | $ 2,500. | |
| PERSONAL LOANS Repayment example based on $5,000 loan amount |
|||||
| Fixed | 14.250% APR * | 3 years | $ 2,500. | $ 5,000. | 36 monthly payments of $171.50 |
| Fixed | |||||
| NEW AUTO LOANS 10% minimum down payment required. Repayment example based on $10,000 loan amount |
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| Fixed | 7.500% APR * | 3 years | $ 5,000. | 36 monthly payments of $311.06 | |
| Fixed | 7.750% APR * | 4 years | $ 5,000. | 48 monthly payments of $242.96 | |
| Fixed | 8.000% APR * | 5 years | $ 5,000. | 60 monthly payments of $202.76 | |
| HOME IMPROVEMENT AND HOME EQUITY LOANS - Click to apply now Repayment example based on $10,000 loan amount |
|||||
| Fixed | 6.250% APR * | 10 years | $ 10,000. | $ 250,000. | 120 monthly payments of $112.28 |
| Fixed | 6.500% APR * | 15 years | $ 10,000. | $ 250,000. | 180 monthly payments of $87.11 |
| Fixed | 7.250% APR * | 20 years | $ 10,000. | $ 250,000. | 240 monthly payments of $79.04 |
| HOME EQUITY CREDIT LINES – Click to apply now | |||||
| Prime Rate minus .750% | 4.250% APR ** | 29 years & 6 months | $ 25,000. | $ 250,000. | CREDIT LINE PHASE 114 months interest only ANNUAL FEE $50.00 payable on each anniversary date during the Credit Line Phase REPAYMENT PHASE 240 months principal and interest |
NO
APPLICATION FEE, ORIGINATION FEE OR CLOSING COSTS. SUBJECT TO CREDIT APPROVAL.
(PROPERTY INSURANCE IS REQUIRED)
* APR-Annual Percentage Rate
** The Annual Percentage Rate (APR) is adjustable and may change monthly based on the Prime Rate published in the Wall Street Journal, Eastern Edition, plus a discounted margin. As of September 19, 2007 Prime Rate equaled 7.750%. Prime Rate plus the discounted margin of .750% results in an initial APR of 7.000%. There is an APR cap of 18.000% and an APR floor of 3.250%. A penalty applies equal to 1% of the credit line amount should the loan be paid in full and closed during the first two years. A fee of $50.00 is payable at the first billing and annually thereafter during the Credit Line Phase.
This update
is intended for informational purposes. It does not take the place of
the formal Truth-In-Lending Disclosure setting forth the specific terms
applicable to individual transactions. All interest rates and terms shown
here are subject to change without prior notice.
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33 Broad
St., Milford
259 Merwin Ave., Woodmont
205 Bridgeport Ave., Devon
1455 Boston Post Road, Milford
2366 Main Street, Stratford
142 Temple Street, Suite 306 New Haven, CT 06510 (Loan Production Office)
203-783-5700
CT toll free: 800-340-4TMB
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