Rates current as of 1/1/2022.
1 The APR (Annual Percentage Rate) applicable to your account is based on credit worthiness, loan amount, model year, and term of the loan. Certain terms and loan amount restrictions apply based on collateral type. For auto loans, the minimum loan amount for terms 67-75 mos. is $15,000. Minimum loan amount for terms greater than 75 mos. is $25,000. Maximum term of 60 months for vehilces over 125,000 miles. For other collateral, the minimum loan amount for terms 61 - 75 mos. is $15,000. The minimum loan amount for terms 73 - 84 mos. is $20,000. The minimum loan amount for terms for 85 - 120 mos. is $25,000. The minimum loan amount for terms greater than 120 mos. is $30,000. The maximum term on motorcycles is 84 months.
2 Rates based on loan-to-value and credit worthiness. After the 6-month introductory rate term, the Annual Percentage Rate (APR) will vary based on the prime rate plus applicable margin (as quoted in The Wall Street Journal) on the first day of the month. As of Jan. 1, 2022, the prime rate was 3.25%. The amount of the margin will vary based on several factors, including your credit history and loan to value ratio and can range from prime plus 0% to prime plus 2.50%. Maximum lifetime rate on Home Equity Line of Credit is 15.00% APR. Ask us for the current index value, margin, and annual percentage rate. The closing costs will be waived with a minimum advance at closing of $10,000. (The $10,000 must be new money.) Depending on the credit limit, closing costs, and other fees are estimated to be between $300 and $700. If Home Equity Line of Credit falls below $9,000 in the first six (6) months, you will have to reimburse the amount of the closing cost paid on your behalf by the credit union. You must carry insurance on property that secures this plan.
To qualify for an Avadian's introductory offers, any HELOC Plus requests must be secured by a property that has not been currently or previously used as security by any of the current owners at Avadian. All rates and offers are subject to change without notice and cannot be combined with other special promotions.
3 Rates based on loan-to-value and credit worthiness. Minimum loan amount for terms greater than 84 months is $30,000.