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Loan Rates
Effective
December 31, 2008 (view
disclosures)
Please REFRESH this page each time you visit to
be
sure you have the latest information.
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PERSONAL LOANS |
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Fixed
Rates Loan amt. Maximum $10,000.00 Minimum $500.00 |
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See example below (A)
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Without Discount |
With Discount* |
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TERMS |
RATE |
APR |
RATE |
APR |
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12-60 mo |
14.000% |
14.000% |
13.750% |
13.750% |
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Please keep term to 6 month increments |
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* Discounted with auto-payment from a TSB
account, auto transfer must be maintained for the life
of the loan. |
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AUTO LOANS |
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Fixed New Autos (not previously titled &
less than 12,000 miles) Down payment 20% of purchase
price (no add on's, ie., taxes, dealer prep) or, 10% of
purchase price (no add on's) for term of 36 months or
less. Loan amt. Maximum $40,000.00 . Minimum $2,500.00 |
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See example below (B) |
Without Discount |
With Discount* |
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TERMS |
RATE |
APR |
RATE |
APR |
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36 mo. or less |
6.250% |
6.250% |
6.000% |
6.000% |
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48 mo. or less |
6.750% |
6.750% |
6.500% |
6.500% |
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72 mo. or less |
7.250% |
7.250% |
7.000% |
7.000% |
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* Discounted with auto-payment from a TSB
account, auto transfer must be maintained for the life
of the loan. |
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Used Autos:
Down payment of 20% of purchase price or NADA avg. loan
(utilizing the lesser of the two) Loan Amt. Maximum
$20,000 Minimum $2,500 (no
add on, ie., taxes, dealer prep) |
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See example below (C) |
Without Discount |
With Discount* |
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TERMS |
RATE |
APR |
RATE |
APR |
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Used auto 2004 & Newer |
48 mo. or less |
7.500% |
7.500% |
7.250% |
7.250% |
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Used auto 2002 & 2003 |
36 mo. or less |
7.750% |
7.750% |
7.500% |
7.500% |
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* Discounted with auto-payment from a TSB
account, auto transfer must be maintained for the life
of the loan. |
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COLLATERAL LOANS |
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See example below (D) |
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Minimum $500.00 TSB accounts - 2.00%
above rate being paid on The TSB passbook account
securing the loan. |
A) an example of an
Unsecured Personal Loan Fixed rate 12 month term
$1,000.00 loan with an APR of 13.750% you will
make 12 payments of $89.67.
B) an example of an
Auto Loan Fixed Rate for new autos 36 month term
$10,000.00 loan with an APR of 6.000% you will make 36
monthly payments of $304.22.
C)
an example of
an Auto Loan: Fixed Rate for used autos 36 month
term $10,000.00 loan with an APR of 7.250% you will
make 36
monthly payments of $309.92.
D)
an
example of a Collateral Loan: A regular passbook
savings account with an interest rate of .60% for a
$500.00 loan, the APR would be 2.60% and you will
make quarterly interest payments of $3.25.
Please contact a customer
service representative for rate and product
information. Interest Rates, APR (Annual Percentage
Rate), Points, Fees and Conditions are Subject to
Change Without Notice. Rates on this page will not
be honored at any time after a rate change.
ANYONE
INTERESTED IN APPLYING FOR FINANCING WILL BE
FURNISHED WITH APPLICABLE TRUTH IN LENDING
DISCLOSURES AND OTHER PERTINENT INFORMATION AS
REQUIRED.
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Copyright 2008
Thomaston Savings Bank. All rights reserved.
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