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First IB Home > Personal Accounts > Required Disclosures > Installment Loans Disclosure
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1. |
Range 6.24% to 15.49% |
2. |
Maximum Rate: 21% |
3. |
Rates will vary based on loan type, collateral,
term, amount requested, credit score, and the
applicant's overall relationship with the Bank |
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Term |
Minimum 12 months |
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Maximum 72 months on automobile loans |
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Maximum 180 months for RV, boat, horse trailer, and home
equity loans |
Late Charge |
$17.00 |
Finance Charge Method |
Simple interest |
Prepayment Penalty |
none |
Processing Fee |
$15.00 |
Minimum Loan Amount |
$1,500.00 |
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MEMBER FDIC
