RATES DISCLOSURES
1 Rates for this product are as low as stated. Rate is based on an evaluation of applicant credit. Rate is also based on the selected term, vehicle model year, mileage, and loan to value for vehicle loans, the selected term for home equity loans, and on the total amount financed for home equity loans and home equity lines of credit, and the selected term for signature loans. Total amount financed, term, and use of either MSRP or factory invoice for new vehicle values is based on an evaluation of applicant credit. Values are determined from either MSRP or Factory Invoice for new vehicles and NADA book values for used vehicles. Total amount financed for home equity loans and home equity lines of credit is based on an evaluation of applicant credit, appraised value, and existing liens (LTV). Your rate and total amount financed may vary from the stated rate and maximum financing.
Variable rates are subject to increase. The maximum APR is 18%.
LTV=Loan to Value. TLTV(Total Loan to Value) is a total of all liens, including the requested amount divided by the appraised value.
ADR= Annual Dividend Rate |
2 The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or tiered money market account for the life of the loan. The monthly payment is not decreased as a result of this discounted rate. Discounts do not appply to introductory rate periods or other promotional rate offers. Excludes Personal Assistance Loans.
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3 The fee for cash advances is 3% of advance amount. The fee for international transactions for the Visa Platinum Card, Visa Platinum Rewards Card, and Visa Platinum Cash Rewards Card is equal to the exchange rate + 1% of the transaction. Visa Signature Card has no foreign transaction fee. |
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4 APR=Annual Percentage Rate. Make purchases, cash advances, and balance transfers from other non-HVCU creditors and enjoy a 0% APR for the first 12 months of Visa Platinum credit card account opening. Thereafter, the APR will revert to the variable rate in effect after the 12 month introductory period, currently 15.50% to 18.00% APR. Variable APRs vary with the market based on the Prime Rate. This 0% introductory offer is valid for new HVCU Visa Platinum credit card accounts only. All other credit cards are not eligible for this offer and may be not be combined with any other offers or discounts unless otherwise expressly noted. No exceptions will be made or considered. Rates for this product are as low as stated. Rates for this product are determined by an evaluation of applicant credit. Your rate may vary from the rate shown. This offer is not guaranteed if you do not meet our credit criteria and if your account is not in good standing. Foreign transaction fee is the exchange rate plus 1% of the transaction. Cash advance fee is 3% of the advanced amount. HVCU expressly reserves the right to terminate this offer at its discretion at any time and without further notice provided to you. For balance transfers, the total amount transferred may not exceed your available credit limit. Balances must be transferred from other non-HVCU creditors to be eligible. Please note, a balance transfer will not close your account with your other creditor. Check with your individual creditors to close your accounts. Payments to these accounts should continue until acknowledgement of the transfer is received. HVCU is not responsible for payments lost or delayed in the mail. Balance transfers are posted as cash advances and will begin accruing interest immediately after the 12 month introductory period ends. Rewards and/or rebates are not eligible with this offer. |
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5 As an example, a 5-year, 11.99% fixed rate signature loan for $15,000 would result in 60 monthly payments of $333.53. |
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6 An application fee of $20 is charged, whether or not the loan is approved. Must be an HVCU member for 90 days. Personal Assistance Loan Payment Example: A 6-month, 25% fixed rate Personal Assistance Loan for $1,000 would result in 6 monthly payments of $179.03. PAL Plus Payment Example: A 12-month, 14.99% fixed rate PAL Plus Loan for $1,500 would result in 12 monthly payments of $136.15. |
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7 ADR=Annual Dividend Rate |
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8 Homeowner’s insurance required. Loans and lines of credit over $150,000 also require title insurance. |
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9 After the Interest Only Home Equity Line of Credit introductory period, the APR is based on the US Prime Rate as published in the Wall Street Journal, plus a margin. The Flex Lock Home Equity Line of Credit APR is based on the US Prime Rate as published in the Wall Street Journal, plus a margin. |
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10 The introductory rate will be in effect the first 6 billing cycles after your account is opened, whether or not funds have been advanced from your account during that time. Thereafter, the rate, including the rate on any existing balance, will convert to the applicable Variable Rate. |
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11 As an example, a $100,000, 180-month term with 80% LTV at a fixed rate of 6.50% APR would result in an estimated payment of $871.11. Payments do not include taxes and insurance premiums, if applicable, and your actual payment may be higher. |
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12 As an example, a $30,000 180-month solar panel loan with a fixed rate of 9.00% APR would result in an estimated payment of $304.28. Payments do not include taxes and insurance premiums, if applicable, and your actual payment may be higher. |
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