| METRO NORTH FEDERAL CREDIT UNION |
|
| LOANLINER ADDENDUM |
|
| Effective August
16, 2005 |
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|
| TRADITIONAL RATE
PLAN |
|
| Subaccount Description |
ANNUAL |
DAILY |
|
| |
|
|
PERCENTAGE |
PERIODIC |
|
| |
|
|
RATE |
RATE |
|
| New Vehicle |
|
** |
4.50% |
to |
18.00% |
0.012329% |
to |
0.049315% |
|
| Used Vehicle |
|
** |
5.50% |
to |
18.00% |
0.015068% |
to |
0.049315% |
|
| NEW RECREATIONALS: |
|
** |
|
to |
18.00% |
#VALUE! |
to |
0.049315% |
|
| Boats,
Watercrafts, Recreational Vehicles, |
** |
8.50% |
to |
18.00% |
0.023288% |
to |
0.049315% |
|
| Motor
Homes, and other Miscellaneous Secured |
** |
8.00% |
to |
18.00% |
0.021918% |
to |
0.049315% |
|
| New Motorcycle |
|
** |
8.50% |
to |
18.00% |
0.023288% |
to |
0.049315% |
|
| USED RECREATIONALS: |
|
** |
8.50% |
to |
18.00% |
0.023288% |
to |
0.049315% |
|
| Boats,
Watercrafts, Recreational Vehicles, |
** |
8.00% |
to |
18.00% |
0.021918% |
to |
0.049315% |
|
| Motor
Homes, and other Miscellaneous Secured |
** |
8.50% |
to |
18.00% |
0.023288% |
to |
0.049315% |
|
| Used Motorcycle |
|
** |
8.50% |
to |
18.00% |
0.023288% |
to |
0.049315% |
|
| Beat
- a - Rate |
|
** |
3.50% |
to |
18.00% |
0.009589% |
to |
0.049315% |
|
| |
|
|
|
|
|
|
|
|
| PERSONAL LOAN /
SIGNATURE LOAN |
|
| Balance Range |
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|
|
|
|
|
|
|
|
| Minimum Advance: $500.00 |
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|
|
|
|
|
|
|
|
| $0.00 - $1500.00 |
|
|
9.9% |
to |
18.00% |
0.002312% |
to |
0.049315% |
|
| $1501.00 - $3000.00 |
|
|
9.9% |
to |
18.00% |
0.002312% |
to |
0.049315% |
|
| $3001.00 - $4500.00 |
|
|
9.9% |
to |
18.00% |
0.002312% |
to |
0.049315% |
|
| $4501.00 - $6000.00 |
|
|
9.9% |
to |
18.00% |
0.002312% |
to |
0.049315% |
|
| $6001.00 - $7500.00 |
|
|
9.9% |
to |
18.00% |
0.002312% |
to |
0.049315% |
|
| $7501.00 - $9000.00 |
$228.54 |
### |
14.50% |
to |
18.00% |
0.039726% |
to |
0.049315% |
|
| $9001.00 - $10,500.00 |
$266.63 |
### |
8.15% |
to |
18.00% |
0.022329% |
to |
0.049315% |
|
| $10,501.00 - $12,000.00 |
$304.71 |
### |
8.15% |
to |
18.00% |
0.022329% |
to |
0.049315% |
|
| $12,001.00 - $13,500.00 |
$342.80 |
### |
8.15% |
to |
18.00% |
0.022329% |
to |
0.049315% |
|
| $13,501.00 - $15,000.00 |
$380.89 |
### |
8.15% |
to |
18.00% |
0.022329% |
to |
0.049315% |
|
|
|
|
|
|
|
|
|
| SHARE /
CERTIFICATE SECURED |
|
| Balance Range |
|
|
|
|
|
|
|
| Minimum
Advance: $500.00 |
|
|
|
|
|
|
|
|
| $0.00 - $100,000.00 |
|
|
4.00% |
|
|
0.010959% |
|
|
|
|
|
|
|
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|
| ADJUSTABLE
RATE PLAN |
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| |
|
ADJUSTABLE |
|
|
|
| Subaccount Description |
|
ANNUAL |
DAILY |
|
| |
|
PERCENTAGE |
PERIODIC |
|
| |
|
|
RATE |
RATE |
|
| New Vehicle |
|
2.25% |
to |
13.00% |
0.006164% |
to |
0.035616% |
|
| Used Vehicle |
|
|
3.25% |
to |
13.00% |
0.008904% |
to |
0.035616% |
|
| NEW RECREATIONALS: |
|
|
4.20% |
to |
8.75% |
0.011507% |
to |
0.023973% |
|
| Boats, Watercrafts,
Recreational Vehicles, |
|
|
|
|
|
|
|
|
| Motor Homes, and other
Miscellaneous Secured |
|
|
|
|
|
|
|
|
| New Motorcycle |
|
4.20% |
to |
8.75% |
0.011507% |
to |
0.023973% |
|
| USED RECREATIONALS: |
|
|
5.20% |
to |
9.25% |
0.014247% |
to |
0.025342% |
|
| Boats, Watercrafts,
Recreational Vehicles, |
|
|
|
|
|
|
|
|
| Motor Homes, and other
Miscellaneous Secured |
|
|
|
|
|
|
|
|
| Used Motorcycle |
|
|
5.20% |
to |
9.25% |
0.014247% |
to |
0.025342% |
|
| PERSONAL
LOAN/LINE OF CREDIT |
|
| Balance Range |
|
|
|
|
|
| Minimum Advance: $50.00 |
Monthly Payment |
Biweekly Payment |
|
|
|
| $0.00 - $1500.00 |
$38.09 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $1501.00 - $3000.00 |
$76.18 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $3001.00 - $4500.00 |
$114.27 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $4501.00 - $6000.00 |
$152.36 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $6001.00 - $7500.00 |
$190.45 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $7501.00 - $9000.00 |
$228.54 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $9001.00 - $10,500.00 |
$266.63 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $10,501.00 - $12,000.00 |
$304.71 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $12,001.00 - $13,500.00 |
$342.80 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
|
| $13,501.00 - $15,000.00 |
$380.89 |
#### |
6.65% |
to |
16.00% |
0.018219% |
to |
0.043836% |
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| ** RANGE OF RATES |
For all above
subaccounts the ANNUAL PERCENTAGE RATE (APR) for each member will depend on their individual credit
history and income, |
|
and will appear on your
Disbursement Receipt. Ask your loan
officer how your specific rate is determined |
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| ADUSTABLE ANNUAL PERCENTAGE RATES |
The ANNUAL PERCENTAGE
RATE (APR) on loans granted under the ADJUSTABLE RATE PLAN are subject to
change at any time as determined by |
|
the Board of
Directors. An increase in the rate may
result in more payments. |
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| ** Interest Rate ** |
Interest
Rate will be 1/2 % less if loan is repaid through payroll or Auto payment
from shares. If payment stops the interest rate will revert back |
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to regular interest rate. |
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| Election of Insurance
Coverage |
Your payment may be
slightly higher if you elect credit life and/or disability insurance |
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| Collection Costs |
You promise to pay all
costs of collecting the amount you owe under this agreement including court
costs |
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and reasonable attorney fees. |
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| Late Fees |
Payments received 15
days after the scheduled due date will be charged A $25.00 LATE FEE |
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