Other Loan Rates
|
Following are Lake Trust rates
and fees and are subject to change.
|
| Line of Credit |
| Effective Date: Friday, May 18, 2012 |
| Minimum Credit Limit | Term | Daily Periodic Rate | Annual Percentage Rate (APR) |
| None |
Minimum Payment $17.50 |
0.043836% |
16.00% |
| Signature/Unsecured |
| Effective Date: Friday, May 18, 2012 |
| Minimum Credit Limit | Term | Daily Periodic Rate | Annual Percentage Rate (APR) |
| None |
Maximum 60 Months |
0.027123% to 0.054521% |
9.90% to 19.90% |
| K - 12 Tuition Loan |
| Effective Date: Friday, May 18, 2012 |
| Minimum Amount to Finance | Approximate Term | Daily Periodic Rate | Annual Percentage Rate (APR) |
| None |
Maximum 18 Months |
0.018904% to 0.046301% |
6.90% to 16.90% |
Share/Certificate Secured Loan
The will be the maximum dividend rate available on the Certificate/Share Secured account offered as security plus 2.50% with a floor of 4.00%. The advance will be made for the length of the Certificate only. The APR and the daily periodic rate will be disclosed on the documents at the time of the advance.
| LOAN TERMS AND CONDITIONS |
| All Rates Expressed as Annual Percentage Rate (APR) |
Your rate will be in the ranges disclosed above and will be based on your credit history, approximate term, and security offered. A loan officer will let you know the rate you qualify for after reviewing your application documents. |
| Collection Cost |
You promise to pay all costs of collecting your delinquent accounts to the extent permitted by State law. |
| Late Charge |
If a payment is more than 10 days late, you may be charged 2% of the payment due ($10.00 minimum). |
