Consumer Loan Rates
Auto Loans
You'll find our Auto Loan Rates very competitive and our response time to your application almost immediate. When you want to drive, a bank shouldn't slow you down.
RATES EFFECTIVE AS OF APRIL 2009
| NEW AUTOMOBILES | ||||
| Term | Annual Percentage Rate (APR) With 10% Down | Monthly Repayment per $1000 Borrowed | ||
|---|---|---|---|---|
| 24 Months | 5.99% | $44.32 | ||
| 36 Months | 6.13% | $30.48 | ||
| 48 Months | 6.25% | $23.60 | ||
| 60 Months | 6.35% | $19.50 | ||
| USED AUTOMOBILES | ||||
| Term | Annual Percentage Rate (APR) With 10% Down | Monthly Repayment per $1000 Borrowed | ||
|---|---|---|---|---|
| 24 Months | 6.99% | $44.77 | ||
| 36 Months | 7.13% | $30.94 | ||
| 48 Months | 7.25% | $24.07 | ||
All offers of credit are subject to credit approval.
These rates are with direct withdrawal from a Benjamin Franklin Bank account.
Add 1/4% if not utilizing direct withdrawal from a Ben account.
Values for refinanced vehicles are determined by the NADA Used Car Guide.
All rates subject to change based on credit scores (minimum credit score 680).
Credit score 640-679 add .250 to rate.
All rates are subject to change without notice.
Home Equity Lines
By using your home as collateral you have a variety of Home Equity options. Ben will loan up to 80% loan to value on your most recent tax assessment or appraisal. Funds are accessible by check for your large purchases. Generally, interest paid is tax deductible. Consult your tax advisor.
| HOME EQUITY LINES | ||||
| Term | Annual Percentage Rate (APR) | |||
|---|---|---|---|---|
| 20 Years | PRIME | |||
All offers of credit are subject to credit approval.
Annual Percentage Yield will not be less than 4.25%
10-year draw period and 10-year repayment period.
Property Insurance may be required.
Appraisal cost of $275.00 may apply for loans over $250,000.00.
Borrower is responsible for real estate taxes and property insurance.
Maximum equity line up to $500,000.00.
Minimum draw requirements $500.00.
All rates subject to change based on credit scores (minimum credit score 680).
All rates are subject to change without notice.
Home Equity Loans
Sometimes called Fixed Equity Loans, our Home Equity Loans have a variety of options with low rates and flexible terms. Ben will loan up to 80% loan to value on your most recent tax assessment or appraisal. Consolidate higher interest loans, credit card balances, finance vacations, buy a car, or make improvements to your home. Generally interest paid is tax deductible. Consult your tax advisor.
| HOME EQUITY LOANS | ||||
| Term | Annual Percentage Rate (APR) | LTV | ||
|---|---|---|---|---|
| 1 - 5 Years | 5.99% | < = 80% | ||
| 6 - 10 Years | 6.50% | < = 80% | ||
| 11 - 15 Years | 6.75% | < = 80% | ||
| 16 - 20 Years | 7.13% | < = 80% | ||
All offers of credit are subject to credit approval.
These rates are with direct withdrawal from a Benjamin Franklin Bank account.
Add 1/4% if not utilizing direct withdrawal from a Ben account.
Property Insurance may be required.
Appraisal cost of $275.00 may apply for loans over $250,000.00.
Borrower is responsible for real estate taxes and property insurance.
Maximum loan amount $500,000.00.
All rates subject to change based on credit scores (minimum credit score 680).
Credit score 640-679 add .250 to rate.
All rates are subject to change without notice.
