|
|
Consumer Loan RatesAuto Loan - New Amount | Term | APR | Amount Down | | Any amount | Up to 60 months | 6.50% (Add 0.50% to rate for LTV above 80%) | 0–20% | | $25,000 and over | 72 months | 7.00% (Add 0.50% to rate for LTV above 80%) | 0–20% |
Auto Loan - Used Product | Term | APR | Amount Down | | 3 years old or less | Up to 60 months | 6.75% (Add 0.50% to rate for LTV above 80%) | 0–20% | | 3 to 5 years | Up to 60 months | 7.50% (Add 0.50% to rate for LTV above 80%) | 0–20% | | Older than 5 years | Up to 36 months | 8.25% (Add 0.50% to rate for LTV above 80%) | 10–25% |
Boat Loan - New Amount Financed | Term | APR | Amount Down | | $25,000 to $99,999 | Up to 180 months | 7.75% fixed for first 120 mos; higher of 7.75% or WSJ Prime + 1.00% for remaining 60 mos; (floor 7.75%) | 20% | | $100,000 and up | Up to 240 months | 7.25% fixed for first 120 mos; next 60 mos adjusted at higher of 7.25% or WSJ Prime + 1.00%; final 60 mos adjusted at higher of 7.25% or WSJ Prime + 1.00%; (floor 7.25%) | 20% |
Boat Loan - Used (no older than 5 years)
Amount Financed | Term | APR | Amount Down | | $25,000 to $99,999 | Up to 180 months | 8.00% fixed for first 120 mos; higher of 8.00% or WSJ Prime + 1.00% for remaining 60 mos; (floor 8.00%) | 20% | | $100,000 and up | Up to 240 months | 7.50% fixed for first 120 mos; next 60 mos adjusted at higher of 7.50% or WSJ Prime + 1.00%; final 60 mos adjusted at higher of 7.50% or WSJ Prime + 1.00%; (floor 7.50%) | 20% |
"WSJ" refers to Wall Street Journal."LTV" refers to amount of loan compared to value of property based on amount of down payment.For variable-rate loans the annual percentage rate may be increased after consummation.Advertised annual percentage rates and terms subject to change without notice.Amount down may vary depending upon credit worthiness. A 0.25% rate discount will apply to boat and auto loans with monthly automatic payment deduction from BankAnnapolis account.Example: A loan with an APR of 8.00% and 60-month term would be repayable in 60 monthly installments of $20.27 per $1,000 borrowed.
Overdraft Line of Credit Loan Type | APR | | Overdraft Line of Credit | 18% |
Maximum line amount is $2,500.
Home Equity Line Loan Type | Term | Fixed Option | Variable Option | LTV | FLEXequity Line of Credit up to $250,000 Primary residence or vacation home only | Revolving | | APR* is WSJ Prime adjusted monthly. Note: WSJ Prime minus 0.25% with payment direct debit from BankAnnapolis deposit account; (floor 4.00% APR) | 80% maximum | FLEXequity Fixed-Rate Option up to $250,000
Minimum $10,000 | 5 or 10 year terms, option to fix rate up to three times during life of loan | 5 year: 4.95% (floor 4.95%) APR* | Note: Direct debit discount is not available for FlexEquity fixed rate option | 80% maximum | | 10 year: 5.95% (floor 5.95%)APR* | | For lines in excess of $250,000 please contact us. |
"WSJ refers to Wall Street Journal."LTV" refers to amount of loan compared to value of property.Advertised annual percentage rates and terms subject to change without notice.* The APR may vary on the revolving line of credit. The maximum APR is 18% and minimum is 4.00%. All APRs are for lines secured by property with 80% LTV ratio or less. This is not a commitment to lend. Loans subject to credit and property approval. Financing available only for properties in Maryland. Terms and conditions subject to change. Property insurance required on the property that secures the account. Closing costs range between $426 and $1,015. If you choose to pay recordation tax on your credit limit, payment of closing costs will be deferred and will be waived if line is open for at least three years (Except Transfer Tax in Prince George's County, MD). |
|
Equal Housing Lender