Consumer Loan Rates
Up to 100% Financing on New Cars. Maximum Loan Amount for New Cars is $50,000. Minimum down payment for Used Cars is 10%.
Effective Date: 12/31/2008
Automobile |
| Term | New Car (2008 and dealer left over 2007) APR* | Monthly Principal & Interest per $1,000 borrowed | Used Car (2007, 2006, 2005) APR | Monthly Principal & Interest per $1,000 borrowed |
| 12 Mos. | 5.25% | $85.72 | 6.00% | $86.07 |
| 24 Mos. | 5.25% | $43.98 | 6.25% | $44.43 |
| 36 Mos. | 5.25% | $30.08 | 6.50% | $30.65 |
| 48 Mos. | 5.50% | $23.26 | 6.75% | $23.83
(2007 &
2006 only) |
| 60 Mos. | 5.75% | $19.22 | N/A | N/A |
*APR (Annual Percentage Rate)
Effective Date: 12/31/2008
Easy Credit Lines* |
| Minimum Credit Line | Maximum Credit Line | Annual Percentage Rate |
| $500 | $3,000 | 18% |
*Available only with an EBSB checking account.
Effective Date: 12/31/2008
Home Equity Line of Credit |
| Product | Annual Percentage Rate | Minimum Payment Options | Loan to Value | Term |
| Monthly Variable* | Prime Rate minus 1.00% (as of 11/30/08 Prime Rate is 4.00%) | 1% of outstanding balance (P&I) not less than $100 per month** | 80% w/EBSB 1st Mortgage and 75% w/all other banks | 15 Year Total Term. 10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding balance. |
Closing costs may apply in some situations (all Prime Line Products). Annual fee $25.00 Early termination fee of $250 applies for loans closed within first 12 months. Minimum annual percentage rate 4.00%. Maximum APR not to exceed 18%. Consult your tax advisor regarding deductibility of interest.
Additional fees may be applicable if the Prime Line will be a first mortgage.
Prime Rate as published in the Wall Street Journal on the last business day of the month.
**Note: An Interest Only option is also available with this product.
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