Loan Rate Discounts & Add-Ons
Cal Feminist FCU ~ PO Box 16587 ~ San Diego, CA 92176
619-298-SAVE (7283) ~ www.feministcu.org ~ info@feministcu.org
LOAN RATE DISCOUNT/ADD-ON Summary*
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SUBTRACT from ANNUAL PERCENTAGE RATE (APR) on MOST LOANS (except all mobile home loans and some share-secured/Credit-Builder loans) |
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-0.25% |
Member-in-good
standinga
last
18 months |
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-0.25% |
$5,000+
min in CFF shares last 24 mos. |
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-0.50% |
Current
or prior CFF loan on books 12+ mos.; all <30 days late; no
ret’d pymts |
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-0.50% |
Referred
CFF loan funded last 12 mos. |
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-0.50% |
Energy
Efficient purchase or
purposeB |
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-0.50% |
Keep
$1,000 in shares until paid off C |
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-???% |
Partially savings-secured
C, D
(ask us) |
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20%
share-secured: 1
extra
year to pay without APR increase e.g., 48-mo. term with 36-month rate
C |
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| ADD to APRs | ||
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+1.00% |
Collateral
owned by non-borrower C |
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+2.00% |
Caused
a loss--< 100% repaid --to Cal Feminist or any other credit union |
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SUBTRACT
from APRs on PARTICULAR
TYPES OF
LOANS
only |
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-0.50% |
Buy reliable auto Consumer
ReportsE |
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-0.50% |
Passed
motorcycle
safety course |
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-1.00% |
Borrow
70% or less of
value of RV |
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A Minimum balance $50; no escheat notice, no levy, no returned deposit,
no
returned ACH, & no returned mail.
B
Energy Efficiency Loan Purpose (see
EEL policy).
o fuel-efficient motor vehicles (35+ avg. MPG www.fueleconomy.gov or
Consumer
Reports)
o
energy-efficient windows or
appliances
o
insulation (ask
us about cotton insulation)
o
water heaters: solar
or tankless
(gas/electric)
o
photovoltaic panels
(electricity from sun)
o
wind power
o
water catchment
(to save/store rain water)
o
bicycles
C
Except
Credit-Builder
and Share-Secured loans
D May bring rate closer to share-secured loan rate. The greater the percentage
share-secured, the lower the APR
E Buy a car listed in
Consumer Reports' most recent April issue
as:
·
New: “Above-average reliability”
·
Used: “Reliable Used Cars” or “CR Good Bet”
*No discounts may bring a rate lower than the lowest rate for a particular term
for a particular loan type. Ask for conditions.
LOAN
RATE DISCOUNT REQUEST
FORM
Discounts are not automatic! To receive your discount(s) submit your
written discount request along with your loan application. Feel free to use
this form.
Place an “X” next to all
discounts for which you think you qualify
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FOR MOST
LOANS (except
mobile home loans) |
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Member in good standing for past 18 months.
I have: ·
Maintained a share balance of $50 or more; ·
Maintained “activity” (no escheat notices); ·
Had no returnable transactions such as NSF checks
or ACH withdrawal attempts;
·
You have received no notices of levy for me; ·
I’ve sent you new mailing addresses in advance; no mail you’ve sent me has
been returned to you |
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Kept $5,000 minimum in
CFF shares for past 24 mos. |
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My current/prior CFFCU loan was for 12+ months.
All
payments
were < 30 days late. No NSFs or returns. |
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I referred ____________________________ to you.
You funded her/his CFF loan in the past 12 months. |
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Energy Efficient purchase(s)
or purpose(s) (list): |
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I volunteer to keep $1,000--already in my Cal Feminist savings--
in shares till my new loan is paid off |
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Give me 12 extra months to pay at the ____-month rate. I’ll keep in
shares 20% of original loan amount. |
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Tell me how low my APR can go if I keep approximately $___________ in
my shares until paid in full. |
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PARTICULAR TYPES
OF LOANS
ONLY |
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Per Consumer Reports, I’m buying a reliable auto
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My motorcycle insurance premiums are lower because I passed a motorcycle safety course |
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I’ll borrow 70% or less of
the value of a motor
home |
I understand that, if my loan
request is approved:
· Total discounts will not bring the rate I pay below the lowest rate available
for that loan type;
·
You will verify the items I
have checked.
Print Name_______________________________________
Sign Here
X________________________________________
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