Type of Loan
Daily Periodic Rate
Annual Percentage Rate
|*New & Used Automobile||0.004082% to 0.049315%||1.99% – 11.03%|
|*New & Used Motorcycle||0.02693% to 0.049315%||6.49% – 14.79%|
|*New & Used Recreational Vehicle||0.013671% to 0.049315%||5.49% – 18.00%|
|*New & Used Small Recreational Vehicle||0.013671% to 0.049315%||6.49% – 18.00%|
|*Share Secured||0.005479% to 0.013699%||2.00% – 5.00%|
|*Used Miscellaneous Vehicle Loan||0.013070% to 0.049315%||5.99% – 18.00%|
|*New and Used Boat Loans||0.016410 to 0.049315%||6.49% – 18.00%|
|*Personal||0.024658% to 0.049315%||9.00% – 18.00%|
|*Healthy Economic Loan Program (H.E.L.P. Loan)||0.073973% to 0.076712%||27.00% – 28.00%|
|Special Interest Signature Loan||0.013699% to 0.021918%||5.00% – 8.00%|
Certificate Secured -The ANNUAL PERCENTAGE RATE (APR) for certificate secured advances will be the dividend rate being paid on the certificate offered as security, plus 2.00% rounded up to the next full percentage point. The approximate term of the advance will not exceed the length of the certificate. Failure to maintain the certificate as security will result in default. The actual APR and Daily Periodic Rate will be disclosed at the time of the advance.
*The rate you receive will be within the range disclosed and is based on certain creditworthiness criteria. Ask the Credit Union Representatives for your particular rate.
FILING FEE: If you give security interest in certain types of property, we may charge you a filing fee to perfect our interest in the property. If so, the amount of the fee will be disclosed to you at the time you obtain an advance.
PLAN DOCUMENTS: The Plan comprises multiple documents, including the Loanliner Credit and Security Agreement, the Insurance Certificate (“Borrower Copy”), and this Addendum. You acknowledge receipt of a copy of each document. You further agree that the Plan includes all Loanliner Open-end Disbursement Receipts and disbursement checks issued by the Credit Union when you obtain credit advances and any notifications of interest rate modifications published in the Credit Union’s quarterly newsletter. This Addendum, the “Borrower Copy”, all Open-end Disbursement Receipts, all disbursement checks, all notifications of interest rate modifications shall be incorporated into and made part of the Loanliner Credit and Security Agreement.
COLLECTION COSTS: In addition to repayment of principle and finance charges, you promise to pay all costs of collecting the amount you owe under the Plan, including court costs and reasonable attorney fees and/or collection fees.
MODIFICATION OF INTEREST RATES: The Credit Union reserves the right to modify interest rates. Modified rates shall not affect existing balances; unless and until you borrow additional money at which time the new rate shall be charged on the entire account balance. Notice of any increase in rates shall be contained in the Credit Union’s quarterly newsletter and/or other communications mailed to each member at least 15 days prior to the effective date of the increase.
WAIVER OF NOTICE: You agree to waive notice of default and notice of acceleration of maturity after default. After default, the Credit Union, without notice may accelerate the maturity date and declare the entire outstanding balance under the Plan immediately due and payable and may further without notice take possession of any property given as security under the Plan.
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Bragg Mutual Federal Credit Union
2917 Village Drive
Fayetteville, NC 28304