PURPLE
What is the annual fee for LT Credit Cards?
None!
What is the fee for Skip a Pay?
$35
What is a Home Equity loan?
A loan that allows members to borrow against the equity established in their home.
What is the maximum term for a Boat Loan?
240 months
What is the Auto and Signature loan application fee?
$0
(gotcha!)
What is the minimum age to apply for a loan?
18 years old
What is the current rate available for Auto Loans?
as low as 2.49% APR
What is the current special fee for refinancing your home with Mortgage Center?
$99
What is the minimum amount for a Home Equity loan?
$5000
What is the monthly service fee for Loan Protection?
$2.00 per $1,000 in outstanding principal balance.
What can a Signature Loan NOT be used for?
Education (student loans)
What type of consumer credit cards does LT offer?
Platinum Elite Visa, Platinum Elite Visa Rewards and Secured Elite Visa
What type of collateral is required to qualify for an Autosaver loan?
A vehicle that is 5 model years or newer
What is the late fee for a Credit Card?
$25 for the first late fee and $35 for any subsequent late payments
What is the difference between Loan Protection and Loan Protection Plus?
LP+ also covers involuntary unemployment and disability
What is the maximum amount for a Micro Business loan?
$49,999.99
What does GAP Stand for?
Guaranteed Asset Protection
What is the monthly payment for a Line of Credit?
Payments are based on 3.50% of the outstanding loan balance or $17.50, whichever is greater
What is the maximum amount for a Signature loan?
$75,000
Name 2 out of the 3 types of loans that Student Choice offers.
Undergrad, Graduate, Refinance
What is the collateral for a Secured Credit Card?
Ex: A $500 Secured Credit Card would require $550 deposited in a secured savings account.
What is the purpose of a Savings Secured Loan?
It is a loan that allows a member to rebuild their credit and show a positive loan relationship
Name 3 types of Micro Business loans that LT offers.
Signature, Auto, Other Purpose, Line of Credit, Credit Card
What is the benefit of GAP?
GAP reduces or eliminates the difference in cost between what the insurance pays and what is still owed on your vehicles loan if your car was deemed a total loss. It also helps you get into your next vehicle by reducing your next loan with LTCU by $1000