Home About Us Branches & ATMs Contact Us

Consumer Loan Rates

Product Name

Description

Maximum Collateral Values
(Loan to Value-LTV)

Term

APR
(Annual Percentage Rate)

Monthly Payment
per $1,000
(Principal plus Interest)

Personal Loan - Unsecured

Multi-purpose loan

N/A

48 months

                12.25% *                       

$26.46

Personal Loan - Secured

 Secured by tangible personal property (older model cars)

 NADA "Retail" Value (NADA is an official used car guide)

 60 months

   8.25% *

           $20.40            

Overdraft Protection

Revolving line of credit linked to a personal Demand Deposit Account (DDA)

 N/A

36 months
(1/36th of principal + interest)

 18.00%

 $42.78

Automobile New  2013-15

Foreign and domestic auto  (Personal use only) 

Retail Value (up to 100% financing is available)

Up to 72 months 

 Up to 48 months - 3.50% *
   49-60 months -    3.74% *  
  
61-72 months -    3.99% *

          $22.36        
$22.04 to $18.30
$18.14 to $15.64

Automobile Used
  2010-14

 

Foreign and domestic auto   (Personal use only) 

 NADA "Retail" Value (NADA is an official used car guide)

Up to 60 months 

 Up to 36 months - 3.74% * 
 37 - 48 months-   4.15% * 
49 - 60 months -   4.74% *

           $29.41         
  $28.84 to $22.65  
$22.49 to $18.75

 Automobile Used    2007-09 

 

Foreign and domestic auto (Personal use only) 

NADA "Retail" Value (NADA is an official used car guide)  

 Up to 48 months

 Up to 36 months - 4.74% *
  37-48 months -     5.39% *

 $29.85
$29.40 to $23.21

HELOC
Home Equity
Line of Credit
Variable ***

Home Equity Multi Purpose Line of Credit 

Owner Occupied 1-4 Family
80% LTV
Vacation Property Condominium/Townhouse
1 Family
65% LTV
Rental Property
1-4 Family 
55% LTV

LTV = total of all liens against the property divided by the appraised value of the property.

Must be zoned Residential.

Storefront properties and co-ops are not acceptable.

Homeowners insurance is required.

 Revolving

Principal & Interest Option
Payments equals 1/240 of principal plus interest for the month
or
Interest Only Option
For 10 Years
Then
Payments equals 1/180 of the principal plus interest for the month

Initial APR of 1.99%
fixed for 12 months
then as low as 3
.75% APR thereafter **



Notes:
Minimum payment is $50

Minimum Draw is 200

Early Cancellation Fee of $400 if line is closed/terminated within the first 18 months.

Principal + Interest Option
 
$5.83 (Initial APR**,
P&I 1/240)

$7.29 (Current APR**,
P&I 1/240)


Interest Only Option

$1.66 (Interest Only at Initial APR**) 

$3.13 (Interest Only at current APR**)  

$8.68 (Current APR**,
P&I 1/180) 

Home Equity Loan Fixed ***

Home Equity Multi Purpose fully amortizing loan

Same as above (HELOC)

Terms to 240 months


36 - 60 months - 3.49% *
61- 120 months - 3.74% *
121 - 180 months - 4.49% *
181 - 240 months - 4.99% *

                                       $29.30 to $18.19 +   
 $18.03 to $10.00 +  
$10.29 to $7.64 +  
$7.87 to $6.59 +


*  The APR's shown for Personal Unsecured, Personal Secured, Automobile and Home Equity loans include a .25% discount for having the loan payments automatically deducted from a Lakeland checking or statement savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued.

**  Home Equity Line of Credit: The 1.99% initial APR is guaranteed for twelve months at the time of closing and is variable thereafter. The variable APR is equal to the Wall Street Journal Prime Rate, currently 3.25%. The minimum APR that can be imposed is 3.75%. The maximum APR that can be imposed is 18%. The current APR is 3.75%. Maximum credit line is $500,000.

***  Mortgage Recording Fee: For all Home Equity Loans and Lines of Credit (HELOC), a mortgage recording fee of $75 will be charged at time of closing.  In addition, NY homeowners outside of the five boroughs will be charged a mortgage recording tax ranging from 1.02% to 1.05% of the loan/line amount.  NY homeowners within one of the five boroughs will be charged a mortgage recording tax ranging from 1.77% to 1.80% of the loan/line amount. 

Taxes and Insurance Not Included:  Monthly payment examples for Home Equity Loans do not include amounts for property taxes and insurance.  Actual payment obligation may be greater.

All loans are subject to credit approval. Rates and terms are accurate as of 12/22/14 and are subject to change without notice.

 

NMLS # 530634