Taxi
Loan Rates
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Loan
Medallion Value $365,000 for September, 2012
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100,000
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100,001 - 245,000
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A.P.R.
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A.P.R.
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36 Months
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5.50%
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5.75%
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60 Months
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5.75%
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6.00%
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Subject
to Change: Interest rates and fees are subject to change at any time
without prior notice.
Loan may
be amortized for 360 months with balloon payment due no later than 60
months.
Filing Fee: You will
be charged for a lien-filing fee at the time of an advance if the
Credit Union takes a security interest in your collateral. The amount
of the filing fee will be based upon the amount of fee required by
state law for the Credit Union to obtain a lien on your property. The
amount of the filing fee will be disclosed on the voucher.
Late
Charges: If you
are 10 days or more late in making a payment, you will pay a late
charge of 10% of the amount past due or a minimum of $25.00 whichever
is greater.
Credit
Verification Fee: A fee of
$10.00 will be charged for obtaining credit verification on applicant.
Collection
Costs: You
promise to pay all costs of collecting the amount you owe under this
agreement including court costs and reasonable attorney fees.
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