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First IB Home > Personal Accounts > Required Disclosures > Line of Credit Disclosure
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1. |
Prime + 2% |
2. |
Floor Rate: 7% |
3. |
Maximum Rate: 21% |
4. |
Prime Rate: Wall Street Journal, 4th Tuesday
of previous month |
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Annual Fee |
None |
Term |
Open-end reviewed in 24 months |
Monthly Payment |
Accrued monthly interest + 1.5% of principal balance |
Late Charge |
$17.00 |
Draw and Repayment Period |
10 years |
Finance Charge Method |
Average Daily Balance (including new transactions) |
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MEMBER FDIC
