Consumer Loan Rates

 

Vehicle Loans

Rates as of Thursday, January 26, 2012
Product Description Origination Fee Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply
Auto Loans
APR'S BASED ON 80% LTV
USED
1 Year Loan   		0.000% 4.750% 4.750% $85.49 Show Payments and Rates
USED
2 Year Loan   		0.000% 4.750% 4.750% $43.76 Show Payments and Rates
USED
3 Year Loan   		0.000% 4.750% 4.750% $29.86 Show Payments and Rates
USED
4 Year Loan   		0.000% 4.750% 4.750% $22.92 Show Payments and Rates
USED
5 Year Loan   		0.000% 4.750% 4.750% $18.76 Show Payments and Rates
NEW
1 Year Loan   		0.000% 4.750% 4.750% $85.49 Show Payments and Rates
NEW
2 Year Loan   		0.000% 4.750% 4.750% $43.76 Show Payments and Rates
NEW
3 Year Loan   		0.000% 4.750% 4.750% $29.86 Show Payments and Rates
NEW
4 Year Loan   		0.000% 4.750% 4.750% $22.92 Show Payments and Rates
NEW
5 Year Loan   		0.000% 4.750% 4.750% $18.76 Show Payments and Rates
NEW
6 Year Loan   		0.000% 5.500% 5.500% $16.34 Show Payments and Rates
Recreational Vehicles - Motorcycle, RV and Boat
APR'S BASED ON 80% LTV
4 Year Loan - RVs   0.000% 7.500% 7.500% $24.18 Show Payments and Rates
  
Spa Loans

Rates as of Thursday, January 26, 2012
Product Description Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply
Pool and Spa Loans
APR'S BASED ON 80% LTV
5 Year Loan   5.000% 5.000% $18.87 Show Payments and Rates
4 Year Loan   5.000% 5.000% $23.03 Show Payments and Rates
3 Year Loan   5.000% 5.000% $29.97 Show Payments and Rates
2 Year Loan   5.000% 5.000% $43.87 Show Payments and Rates
1 Year Loan   5.000% 5.000% $85.61 Show Payments and Rates
  
Discounted HELOC

Rates as of Thursday, January 26, 2012
Product Description Interest Rate Payment per $1,000 Apply
Prime-less HELOC
Introductory Fixed Rate for the first 6 Months/10 Year Draw Period 10 Year Repayment Period (20 Year Total)   2.490% $5.29
 
Interest Rate:
  • Introductory Fixed Rate For The First 6 Billing Cycles is 2.49% APR 
  • Variable Rate Thereafter with Auto-Pay 3.00% APR 
  • Variable Rate Thereafter without Auto-Pay 3.25% APR 
To qualify for the “Prime-less” HELOC you are required to:
  • Have an automatic withdrawal payment from a new or existing Chicopee Savings Bank Checking Account. New accounts must be opened prior to closing.  
  • Minimum Draw at Closing: $10,000- Minimum Line of Credit: $25,000- Maximum Line of Credit: $200,000.  
  • Maximum Loan -To-Value: 80% Single Family, Condo’s, and Vacation Homes. 70% 2-4 Family Owner Occupied Units. 
The 10 year draw period is interest only and the remaining 10 year repayment period will be the principal balance remaining at the end of the draw period amortized over the 10 year term, plus interest.

The interest rate is equal to the “Wall Street Journal Prime Rate Index” Published monthly in the “Money” section of the “Wall Street Journal “on the first day of each month. The current “Prime Rate” is 3.25% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment.

This program description is not an offer to extend credit. the extention of credit is dependent upon your credit history, loan-to-value, and other factors.

The interest rate is equal to the “Wall Street Journal Prime Rate Index” Published monthly in the “Money” section of the “Wall Street Journal “on the first day of each month. The current “Prime Rate” is 3.25% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment.

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