UMBRELLA
What are loans qualify for loan protection?
Consumer loans and credit cards.
$500.00
How much does GAP cost for an auto loan?
$495
What is collateral?
An asset used as security for a loan
What is the longest Auto loan term?
84 months or 7 years
What is the current lowest rate LT offers for an Auto loan?
2.24% APR
What does HELOC stand for?
Home Equity Line of Credit
What is the penalty for paying off a loan early?
$0
What is the maximum loan term for RV loan?
240 months, or 20 years.
What type of loan uses collateral that floats?
Boat Loan
What is the lowest APR for a motorcycle loan?
3.99%
What is the minimum amount for a Home Equity loan?
$10,000.00
What can a signature loan be used for?
Almost any purpose, exclusions include education loans
What type of loan can be used as Overdraft Protection?
Line of Credit
What is the late fee for an AutoSaver loan that is turned in 10 days after due date?
$250.00
Can you use an Auto Loan to purchase a classic car?
Yes, as long as value can be proved through NADA or an appraisal
What is the maximum amount of loan protection up to age 75?
$100,000
What is the maximum amount for a Signature loan?
$75,000.00
What is an installment loan?
A loan that has a fixed payment amount and a set number of payments.
What is the maximum amount of loan protection up after the age 75?
$25,000
What decides the terms of a member’s RV loan?
Model year of RV, credit score/history, amount financed and length of term
What is a revolving credit loan?
Credit that allows you to use what you need and becomes available again when you pay it back
What type of loan would have a CD attached to it?
Savings Secured Loan
On the branch closing checklist, what one delivery method is REQUIRED for all documents?
All closing documents must be sent by FED EX Ground to HQ
What loan could you use to refinance several loans into one loan with one monthly payment?
Signature loan