| Consumer Unsecured Loans and Lines of Credit | Effective Date: July 1, 2009 |
| Variable Rates |
Maximum Credit Line |
% Above Index |
APR* |
| ValueChoice** |
$25,000 |
7.25% |
10.50% |
| Maximum |
21.00% |
| Personal Loan |
$25,000 |
8.00% |
15.00% |
| Minimum |
15.00% |
| Maximum |
18.00% |
| Fixed Rate |
$25,000 |
12 - 24 mos. |
13.25% |
| 25 - 48 mos. |
14.25% |
Prime Rate Loan Index: 3.25%
Credit Union Loan Index: 2.25% |
* APR = Annual Percentage Rate
** An established Line of Credit
ValueChoice rate tied to Prime Rate Loan Index, Personal Loan rate tied to C.U. Loan Index.
|
| Consumer Auto Loans | Effective Date: July 1, 2009 |
| Fixed Auto Loans |
Terms |
APR* As Low As |
| New Auto |
0 - 60 Months** |
5.24%*** |
| Used Auto |
0 - 60 Months** |
5.74%*** |
|
Secured by vehicle Title
* APR = Annual Percentage Rate
**Auto Loans over 60 months, rate is 0.50% higher. 72 month financing available for loans exceeding $15,000.
84 month financing available for loans exceeding $25,000.
*** Rates, terms and conditions of loan will be based on individual credit worthiness. Rates include .25% discount for automatic payment transfer. Additional rate discounts available for 80% financing, qualifying Relationship Advantage(R) level and Hybrid vehicles.
Rate for Motorcycle loans available upon request |
| Fixed Rate New & Used Boats, RV's and Airplanes |
Terms |
APR* |
| New Boat, RV's and Airplanes |
Up To 144 Months |
10.00% |
| Used Boat, RV's and Airplanes |
Up To 120 Months |
10.00% |
| Variable Rate New & Used Boats, RV's and Airplanes |
85% Financing |
95% Financing |
| |
Terms |
% Above Index |
APR* |
% Above Index |
APR* |
| New Boat, RV's and Airplanes |
Up To 144 Months |
1.25% |
7.00% |
1.75% |
8.00% |
| Minimum |
7.00% |
Minimum |
8.00% |
| Maximum |
14.00% |
Maximum |
14.00% |
| Used Boat, RV's and Airplanes |
Up To 120 Months |
1.25% |
7.00% |
1.75% |
8.00% |
| Minimum |
7.00% |
Minimum |
8.00% |
| Maximum |
16.00% |
Maximum |
16.00% |
| Credit Union Loan Index: 2.25% |
Secured by vehicle Title
*APR = Annual Percentage Rate
|
| Effective Date: July 1, 2009| Owner Occupied Residential
|
| Loan Type |
Maximum Loan to Value |
Margin |
APR*,^ |
Maximum APR* |
| Equity Merit - Home Equity Line of Credit (Variable Rate) |
| Up to $250,000 |
70% |
0.00% |
4.75% |
18% |
| Alternate Program (Variable Rate) |
| $150,000 Maximum line |
60% |
2.50% |
7.25% |
18% |
| $50,000 Maximum line |
60% |
7.25% |
12.00% |
18% |
| Prime Rate Index 3.25% |
Minimum Line Amount = $10,000
^Rate discount of 0.25% for automatic payment transfer applied.
An additional rate discount of 0.25% with Relationship Advantage? may be available.
"Interest Only" Payment Option Available
No Third Party Fees. Up to $250,000
No Prepayment Penalty
/ Early closure Fee may apply
Other options may be available, call 1-877-Meriwest for details
Terms and Conditions (PDF) |
| Loan Type |
Maximum Loan to Value |
Margin |
APR*,^ |
Maximum APR* |
| Equity Merit Jumbo (Variable Rate) $500,000 Maximum line |
60% |
2.25% |
7.00% |
18% |
|
* APR = Annual Percentage Rate
Minimum $25,000 Cash Advance at Closing.
^Rate discount of 0.25% for automatic payment transfer applied.
An additional rate discount of 0.25% with Relationship Advantage? may be available.
"Interest Only" Payment Option Available
Origination, Closing and Third Party Fees apply (approx. $1,500.00)
All Fees refunded after an equal amount of Interest is Paid on Line
No Prepayment Penalty.
Secured by Second Deed of Trust
|
| Loan Type |
Term |
Maximum Loan to Value |
APR* |
Monthly Payment Per $5000 Borrowed** |
| Meriwest Community Advantage - Home Equity Loan (Fixed Rate) |
| Up to $250,000 |
7 years |
70% |
6.49% |
$74.25 |
| Up to $250,000 |
10 years |
70% |
6.99% |
$58.05 |
| Up to $250,000 |
15 years |
70% |
7.49% |
$46.32 |
| Alternate Program (Fixed Rate) |
| $50,000 Maximum line |
15 years |
60% |
12.99% |
$63.28 |
|
* APR = Annual Percentage Rate
Minimum $10,000 Loan Amount
** The payments listed are for informational purpose only. The actual payments are based on the amount borrowed, loan term and rate.
Other options may be available, call 1-877-Meriwest for details
|
|
Consumer Other Selected Loans | Effective Date: July 1, 2009 |
| Variable Rates |
Maximum Credit Line |
% Above Index |
APR* |
| Stock Exchange Line of Credit** ^ |
85% of previous day's closing value of IBM stock on deposit |
2.50% |
10.00% |
| Minimum |
10.00% |
| Maximum |
18.00% |
| Interest Only Stock Loan ^ |
85% of previous day's closing value of IBM stock on deposit.
Interest paid monthly. Approx. Term - 12 months from original advance. |
2.50% |
10.00% |
| Minimum |
10.00% |
| Maximum |
|
| SClass "A" Stock Loan ^ |
75% of previous day's closing value of stock on deposit.
Approx. Term - 60mos. Must be "A" rated in Standard & Poor's most current publication. |
3.50% |
11.00% |
| Minimum |
11.00% |
| Maximum |
18.00% |
CU Loan Index 2.25% |
% Above Index |
| Share Pledge |
100% of unpledged shares on deposit. Approx. Maturity 120 months. |
2.50% above dividend rate paid, rounded up to the next whole number |
| Certificate Pledge - Certificate matures in 6 months or less |
90% of unpledged funds on deposit. Repayment due at certificate maturity |
2.50% above dividend rate paid, rounded up to the next whole number |
| Certificate Pledge - Certificate maturity exceeds 6 months |
100% of unpledged funds on deposit. Repayment must be amortized,
monthly amortization not to exceed certificate maturity or interest only with balloon
payment at certificate maturity due at certificate maturity |
2.50% above dividend rate paid, rounded up to the next whole number |
*APR = Annual Percentage Rate
** An established Line of Credit
^ Rates tied to CU Loan Index |
|
