| Required Minimum Daily Balance | Rate | APY |
| $0.01 – $25,000.00 | 0.40% | 0.40% |
| $25,000.01 – $99,999.99 | 0.50% | 0.50% |
| Term | APR |
| 1 year | 4.00% |
| 2 years | 4.50% |
| 3 years | 4.50% |
| 4 years | 5.00% |
| 5 years | 5.00% |
Maximum loan amount: $40,000. Maximum finance amount: 95%.
| Term | APR |
| 1 year | 7.50% |
| 2 years | 7.75% |
| 3 years | 8.00% |
| 4 years | 8.00% |
Vehicle CANNOT be older than seven (7) years old. Maximum loan amount: $40,000. Maximum finance amount: 95%.
1. Purchase and sales agreement showing Lynn Teachers Credit Union will be lien holder . If private sale, copy of title of seller and copy of RMV l form showing Lynn Teachers Credit Union to be listed as lein holder.
2. Insurance binder showing Lynn Teachers Credit Union will belisted as loss payee on insurance policy.
Maximum amount:$15,O00.OO*
Maximum Term: Up to (4) Years
Interest Rate: 12.5% APR
Share Secured Loan: 2% Lower
Co-signer s may be required if:
1. Employment of less than five (5) years.
2. Debt ratio is 36% to 40%
3. Questionable credit report.
4. Applicant has filed bankruptcy.
Maximum amount: $40,000.00
Maximum Term: 15 years
Interest Rate: 10% APR
Documents Required:
1. Description and cost estimate of work to be done.
2. Copy of real estate tax bill and/or copy of the deed to property.