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Loan rates


APR refers to the annual percentage rate or the dividend rate.
APY refers to the annual percentage yield.

Rate Description Term Payment Description APR APR TYPE
New 2019 and 2018 Cars & Trucks, 800 or Higher Credit Score 24 Months No Down Payment 3.25% Fixed
New 2019 and 2018 Cars & Trucks, 750 to 799 Credit Score 24 Months No Down Payment 3.50% Fixed
New 2019 and 2018 Cars & Trucks, 700 to 749 Credit Score 24 Months No Down Payment 3.75% Fixed
New 2019 and 2018 Cars & Trucks, 650 to 699 Credit Score 24 Months No Down Payment 4.50% Fixed
New 2019 and 2018 Titled Property, 649 or Less Credit Score 24 Months No Down Payment 6.00% Fixed
New 2019 and 2018 Cars & Trucks, 800 or Higher Credit Score 36 Months No Down Payment 3.50% Fixed
New 2019 and 2018 Cars & Trucks, 750 to 799 Credit Score 36 Months No Down Payment 3.75% Fixed
New 2019 and 2018 Cars & Trucks, 700 to 749 Credit Score 36 Months No Down Payment 4.00% Fixed
New 2019 and 2018 Cars & Trucks, 650 to 699 Credit Score 36 Months No Down Payment 4.75% Fixed
New 2019 and 2018 Titled Property, 649 or Less Credit Score 36 Months No Down Payment 6.25% Fixed
New 2019 and 2018 Cars & Trucks, 800 or Higher Credit Score 48 Months No Down Payment 3.75% Fixed
New 2019 and 2018 Cars&Trucks, 750 to 799 Creidt Score 48 Months No Down Payment 4.00% Fixed
New 2019 and 2018 Cars & Trucks, 700 to 749 Credit Score 48 Months No Down Payment 4.25% Fixed
New 2019 and 2018 Cars & Trucks, 650 to 699 Credit Score 48 Months No Down Payment 5.00% Fixed
New 2019 and 2018 Cars & Trucks, 649 or less Credit Score 48 Months No Down Payment 6.50% Fixed
New 2019 and 2018 Cars & Trucks, 800 or Higher Credit Score 60 Months No Down Payment 4.00% Fixed
New 2019 and 2018 Cars & Trucks, 750 to 799 Credit Score 60 Months No Down Payment 4.25% Fixed
New 2019 and 2018 Cars & Trucks, 700 to 749 Credit Score 60 Months No Down Payment 4.50% Fixed
New 2019 and 2018 Cars & Trucks, 650 to 699 Credit Score 60 Months No Down Payment 5.25% Fixed
New 2019 and 2018 Cars & Trucks, 649 or Less Credit Score 60 Months No Down Payment 6.75% Fixed
New 2019 and 2018 Cars & Trucks, 800 or Higher Credit Score 84 Months 10% Down Payment 4.25% Fixed
New 2019 and 2018 Cars & Trucks, 750 to 799 Credit Score 84 Months 10% Down Payment 4.50% Fixed
New 2019 and 2018 Cars & Trucks, 700 to 749 Credit Score 84 Months 10% Down Payment 4.75% Fixed
New 2019 and 2018 Cars & Truck, 650 to 699 Credit Score 84 Months 10% Down Payment 5.50% Fixed
New 2019 and 2018 Cars & Trucks, 649 or Less Credit Score 84 Months 10% Down Payment 7.00% Fixed
New 2019 and 2018 Titled Property other than Cars & Trucks 24 Months No Down Payment 6.00% Fixed
New 2019 and 2018 Titled Property other than Cars & Trucks 36 Months No Down Payment 6.25% Fixed
New 2019 and 2018 Titled Property other than Cars & Trucks 48 Months No Down Payment 6.50% Fixed
New 2019 and 2018 Titled Property other than Cars & Trucks 60 Months No Down Payment 6.75% Fixed
New 2019 and 2018 Titled Property other than Cars & Trucks 84 Months 10% Down Payment 7.00% Fixed
Used 2018 to 2015 Models 24 Months 5% Down Payment 6.50% Fixed
Used 2018 to 2015 Models 36 Months 5% Down Payment 6.75% Fixed
Used 2018 to 2015 Models 48 Months 5% Down Payment 7.00% Fixed
Used 2018 to 2015 Models 60 Months 5% Down Payment 7.25% Fixed
Used 2014 to 2012 Models 24 Months 10% Down Payment 7.00% Fixed
Used 2014 to 2012 Models 36 Months 10% Down Payment 7.25% Fixed
Used 2014 to 2012 Models 48 Months 10% Down Payment 7.50% Fixed
Used 2011 and 2010 Models 24 Months 10% Down Payment 7.50% Fixed
Used 2011 and 2010 Models 36 Months 10% Down Payment 7.65% Fixed
Used 2011 and 2010 Models 48 Months 10% Down Payment 7.75% Fixed
Used 2009 and Older Models 24 Months 10% Down Payment 8.00% Fixed
Used 2009 and Older Models 36 Months 10% Down Payment 8.25% Fixed
Line of Credit/Signature Approximately 42 Months 10.49% Variable
Share Draft Overdraft Reserve Approximately 42 Months 10.49% Variable
Home Equity Varies: 72 to 240 Months 20% Equity Required 4.31% Variable
First Mortgage Over 15 Years/6.25 Typical Credit Scores 6.30% Fixed
First Mortgage 15 Years or Less/6.00% Typical Credit Scores 6.07% Fixed
First Mortgage Over 15 Years/6.00% Excellent Credit Scores 6.04% Fixed
First Mortgage 15 Years or Less/5.75% Excellent Credit Scores 5.82% Fixed
First Mortgage Over 15 Years/6.75% Low Acceptable Credit Scores 6.80% Fixed
First Mortgage 15 Years or Less/6.50% Low Acceptable Credit Scores 6.58% Fixed

Vehicle Loans:

Some dealers and manufacturers continue to offer the choice of lower interest rates or sizable rebates. Many Lan-Fair members are taking the rebate and financing at the credit union. Frequently, that combination provides an opportunity for substantial savings.

If you will be purchasing a vehicle or considering the purchase of a vehicle you are currently leasing, give us a call. Lan-Fair rates are low.

Vehicle rates also apply to other Ohio titled personal property.

Home Equity Lines of Credit:

Lines of Credit are available up to $200,000 depending on the equity you have in your home.

Savings / Shares Rates:


Rates as of 03/23/2017
Rate Description Term Dividend
Rates
APY
Regular Share (Savings) Monthly .25% 0.25%
Christmas Share Monthly .15% 0.15%
Vacation Share Monthly .15% 0.15%
Share Draft Accounts Monthly .10% 0.10%

Share Draft


Rate Description Term Dividend Rates APY
Share Draft Monthly on Daily Balance above $500 0.10% 0.10%

Unsecured Lines of Credit and Share Draft Overdraft Protection Rates:


Depending on the length of credit union membership and the length of your employment, these Lines of Credit vary from $1,000 to $10,000. Your monthly payment is $3.00 per $100 or part of $100 balance after the most frequent advance.
*Annual Percentage Yield.

Certificate Rates


Rates as of 03/23/2017
Rate Description Term Dividend Rates APY
Certificate (Min. $500.00) 6 Months CD .55% .55%
Certificate (Min. $500.00) 12 Months CD 1.20% 1.21%
Certificate (Min. $500.00) 18 Months CD 2.30% 2.32%
Certificate (Min. $500.00) 24 Months CD 2.40% 2.42%
Certificate (Min. $500.00) 60 Months CD 2.55% 2.58%
Certificate (Min. $10,000.00) 182 Days .75% .75%
Certificate (Min. $25,000.00) 182 Days .75% .75%

VARIABLE RATE LOANS

The Annual Percentage Rate (APR) for advances and existing balances will change on the 1st day of each quarter (January, April, July, October) to reflect any change in the index which is the Prime Rate as published in the Wall Street Journal. To calculate the new rate, we will use the most recent value available to us ten days before the date of any annual percentage rate adjustment plus the applicable percentage shown in the “Percent Above Index” column above. The APR will never be less than the rate shown in the “Minimum APR” column above nor greater than 15.00% or the maximum rate allowed by state law or the NCUA from time to time, whichever is less. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

VARIABLE RATE ON HOME EQUITY LOANS

The Annual Percentage Rate (APR) for new variable rate advances and existing balances will change on the 1st day of each quarter (January, April, July, October) to reflect any change in the index which is the Monthly Weighted Average Cost of Funds for the 11th FHLB District institutions. To calculate the new rate, we will use the most recent value available to us ten days before the date of any annual percentage rate adjustment plus the applicable percentage shown in the “Percent Above Index” column above. Under no circumstances will your ANNUAL PERCENTAGE RATE exceed 14.95% or go below 4.19% unless there is a special promotion on process.

“Down Payment” refers to vehicle purchases. “Equity” refers to Home Equity and Vehicle Equity when an advance is requested for non-purchase money with a vehicle as security.

Members should call the credit union to verify rates. Contact your credit union to find out if there are any fees on these accounts that could reduce your earnings.

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