Current Loan Rates -- Effective As Of January 01, 2010
- All APR's are Increased by .50% without payroll deduction, automatic transfer or direct deposit payment option. - All loan rates are based on credit scores and debt ration qualifications. - The rates shown are based on Equifax Beacon Scores of 725 or more, individual rates may vary.
Loan Subaccount Description	% Above Index	Daily Periodic Rate	Annual Percentage Rate	Your minimum payment is calculated after each advance as described below:
INDEX = CURRENT APR BEING PAID ON SHARE ACCOUNTS
Share Certificate Secured	2%	-	Fixed	Required minimum monthly
Share Secured	3%	-	Fixed	Payment on all Loan Types: $40.00
(90% of Available Balance)
New 2010/2009 Models (100% of List Price w/gap 90% w/o gap 0-60mo.) ($20,000.00 & Up) (95% of List Price w/gap 85% w/o gap- 72 mo)   Starting as low as   Program Cars:  Add 1.00%      to Above APR's		.00013672Maximum 15,000 Miles	4.99	Loan Services Available at Hanover Federal Credit Union: Low Cost Disability and Credit Life Insurance on All Loans Low Cost Auto Protection Plans on All New and Used Autos (2007-2001) Low Cost GAP Protection Insurance On New and Used Automobiles
Used 2010 to 2008 Models 100% of Retail Used 2007 to 2005 Models (85% of Retail)   0 up to 60 Months   Starting as low as	-	.00016165	5.99
Older Vehicles (70% of Retail) 2004 to 2000   0 up to 48 Months   Starting as low as	-	.00018494	6.75
Classic (65% of Appraised Value)   0 up to 36 Months   Starting as low as	-	.00019178	7.00%	Classic Models 10 Years & Older
Recreational Vehicles: Boats, Lawn & Garden, Off Road Motorcycles, RV's and Farm Equipment   0 up to 60 Months   Starting as low as	-	.00019151	6.99%	*** Minimum Balance 72 and 120 Monthon New Purchases for term of New considered at MSRP Invoice Used considered at appraised value
61 up to 120 Months   Starting as low as	-	.00020548	7.50%
Signature Loans   0 up to 36 months   Starting as low as	-	.00019863	7.25	Minimum Monthly Payment Required: $40.00
37 up to 60 Months  Starting as low as	-	.00019863	7.25%
Line of Credit:   (maximum term 36 months)   Starting as low as	-	.00016439	6.00% (var)	Payment is Calculated on your Pre-Approved Credit Limit
Overdraft Protection will be given in increments of $1.00.  MAXIMUM TERM ON LINE OF CREDIT #11 LOANS TO INCLUDE OVERDRAFT PROTECTION IS 36 MONTHS. FILING FEE: You will be charged a lien filing fee at the time of an advance if the credit union takes a security interest in your collateral.  The amount of the filing fee will be based upon the amount of fee required by state law for the credit union to obtain a lien on your property.  The amount of the filing fee will be disclosed on the voucher. LATE FEE: There will be a 5% late fee assessed to all payments ten or more days past due, with a minimum late fee of $2.00. COLLECTION COSTS: You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees. ALL LOANS REVIEWED BY CREDIT COMMITTEE: Are subject to a 2% rate increase. Minimum payment based on APR of 12.75% For Overdraft & Line of Credit Protection Min. Payments   $1 - 1,000 $40.00 $1,001 - 1,500 $51.00 $2,001 - 2,500 $69.00 $2,501 - 3,000 $103.00 $3,001 - 3,500 $120.00 $3,501 - 4,000 $137.00 $4,001 - 5,000 $171.00

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Last Updated: June 19, 2003