| March 19, 2008 until changed
Please Note: All loan rates presented are disclosed as Annual Percentage
Rates (APR), except for the "Other Secured" category.
Rates and terms are subject to change without notice. Actual loan
payments may be obtained for each loan rate and term on the Loan
Calculator page on this web site. Used car loans available for a
maximum term of 4 years and a maximum loan amount equal to the "N.A.D.A.
Loan Value" as calculated monthly. New auto's require a 20%
downpayment for a 5 year term and a 15% downpayment for a 4 year
term.
NewportFed's HOME LINE
Our convenient Home Line (Line of Credit) allows our customers
to write checks as needed against a secured loan amount over a 10
year period with no annual fee, no application fee and no closing
costs. The standard Variable Annual Percentage Index for a NewportFed
equity Line of Credit is based on the Prime Rate published by the
Wall Street Journal. The minimum loan amount to qualify for NewportFed's
Home Line (Line of Credit) is $10,000. The maximum interest rate
during the loan term is 21%.
| 1 to 4 family owner occupied, 1st or second
lien position; 1-2 family investment, first lien only: |
| |
|
Index |
(+/-) |
Margin |
= |
APR |
| < 80% Line Balances |
$10,000 - 300,000 |
5.25% |
+ |
0% |
= |
5.25% (prime) |
| |
|
|
|
|
|
|
| All other lines: |
| |
|
Index |
(+/-) |
Margin |
= |
APR |
| < 60% Line Balances |
$10,000 - 300,000 |
5.25% |
+ |
1.50% |
= |
6.75% |
NewportFed's FIXED EQUITY LOAN
If you prefer a fixed rate equity loan, this may be the product
for you. No application fee and no closing costs. Minimum loan amount
to qualify is $10,000, and a .25% deduction in the rate can be obtained
if you choose our checking account auto payment option. Loans greater
than $150,000 and up to $200,000 require a Loan-to-Value of less
than 75%.
| TERM |
Loan-to-Value is less than or
equal to 80%
$10,000 to $29,999 |
Loan-to-Value is less
than or equal to 80%
$30,000 to $300,000 |
Loan-to-Value above 80%
and Loan amount equal to $50,000 to $200,000 |
| 5 Year |
6.125% |
5.625% |
N/A |
| 8 Year |
6.250% |
5.750% |
N/A |
| 10 Year |
6.500% |
6.250% |
N/A |
| 12 Year |
7.000% |
6.500% |
N/A |
| 15 Year |
7.250% |
6.750% |
N/A |
| 20 Year |
N/A |
7.000% |
N/A |
| |
|
AUTO
LOAN RATES
| RANGE |
APR |
RANGE |
APR |
| |
|
|
|
| $5,000 - $6,999 |
14.00% |
$7,000 - $12,999 |
10.00% |
| |
|
|
|
| $13,000 - $19,999 |
9.00% |
$20,000 - $24,999 |
8.00% |
| |
|
|
|
| |
|
$25,000 - $50,000 |
7.00% |
| |
|
|
|
Loop Account customers (only) : Deduct -0.25% for Auto Payment
OTHER SECURED RATES (Mobile homes, RV's,
etc.)
| RANGE |
RATE |
APR* |
| $10,000 - $14,999 |
17.00% |
18.09% |
| $15,000 - $19,999 |
16.00% |
16.70% |
| $20,000 & Over |
14.00 % |
14.50% |
| |
| *Based upon the minimum loan amount in the range
and a 10 year term, closing cost estimated at $400. A 30% down
payment is suggested. |
Passbook/Savings Loans:
| RANGE |
|
|
| $25,000 - $49,999 |
+300bp |
|
| $50,000 - $99,999 |
+250bp |
|
| $100,000 & Over |
+200bp |
|
| |
|