Share Certificate Loan Rates
Share Certificate Secured
|Loan Type***||% Above Index||Term (In Months)||Condition||APR Start as low as|
|Share Certificate||2.00%||Varies||Minimum $500.00||2.30%|
The ANNUAL PERCENTAGE RATE (APR) for Share Certificate loans will be the dividend rate (Annual Percentage Yield) being paid on the Share Certificate offerred as security (Index) plus the percentage shown in the "Above Index" column.
For example: The present certificate rate on a 6 month share certificate is 0.30%, which results in an APR of 0.30% as of October 1, 2016. Adding the 2.00% margin will give a share certificate loan interest rate of 2.30%. Call (808) 871-7705 for the present certificate rate in order to determine the current APR.
Payment Example per $1,000.00 borrowed:
On a 1-year share certificate at 2.45% APR: 11 monthly payments of $84.45 & 1 final monthly payment of about $84.37.
100% Share Secured Loans
|Loan Type||Term (In Months)||Condition||APR|
|100% Share||24||Minimum $500.00||2.50%|
|100% Share||36||Minimum $500.00||3.00%|
|100% Share||48||Minimum $500.00||3.50%|
|100% Share||60||Minimum $500.00||4.00%|
|100% Share||72||Minimum $500.00||4.50%|
The current share rate is 0.15% APY which results in an APR of 2.00% to 4.00% as of October 1, 2016. Call (808) 871-7705 for the present share rate in order to determine the current APR.
Payment Examples per $1,000.00 borrowed:
On a 24-month term at 2.50% APR: 23 monthly payments of $42.76 & 1 final monthly payment of about $42.69.
On a 36-month term at 3.00% APR: 35 monthly payments of $29.08 & 1 final monthly payment of about $29.04.
On a 48-month term at 3.50% APR: 47 monthly payments of $22.36 & 1 final monthly payment of about $22.09.
On a 60-month term at 4.00% APR: 59 monthly payments of $18.42 & 1 final monthly payment of about $18.11.
On a 72-month term at 4.50% APR: 71 monthly payments of $15.88 & 1 final monthly payment of about $15.33.
*PREPAYMENTS: If you make prepayments, we may advance the due date on your payment. The due date may be advanced to match the number of full payment amounts received. If you want us to apply payment amounts above your regularly scheduled amount due to principal and do not want the due date advanced, you will need to inform us in writing.
The payment will be determined at the time of the loan closing, however, your minimum payment will never be less than $25.00 monthly.