Consumer Loan Rates

 

All interest rates are effective as of December 15, 2017.

At the Bank’s discretion, interest rates and terms may change at any time without notice.

 
Type of Loan Term Annual Percentage Rate (APR) with Automatic Payments Annual Percentage Rate (APR) without Automatic Payments Payment Amount (based on $1,000 loan, Automatic Payments and longest term available)
New Auto 1-36 months 2.99% 3.24% $29.08
New Auto 37-60 months 3.24% 3.49% $18.08
New Auto 61-72 months 3.99% 4.24% $15.64
Used Auto        
Model Years 2015 - Present 1-60 months 3.74% 3.99% $18.30
Model Years 2013 - 2014 1-48 months 4.24% 4.49% $22.69
Model Years 2010 - 2012 1-36 months 4.74% 4.99% $29.85
Loan Secured by Liquid Collateral 1-60 months 3.74% 3.99% $18.30
Loan Secured by Other Collateral 1-48 months 5.24% 5.49% $23.14
Unsecured Loan $1,000 - $7,500 1-84 months 8.99% 9.24% $16.07
Unsecured Holiday Loan Special* 1-60 months 6.99% N/A $19.80

*Offer valid from October 30, 2017 through December 29, 2017, but can be modified or discontinued without notice. The interest rate for your loan is based upon your creditworthiness. The Annual Percentage Rate (APR) is accurate as of 12/4/17. The total loan amount must be new borrowings from the Bank. The promotional APR is 6.99% and the monthly loan payment is $19.80 for $1,000 borrowed for a term of 60 months. The loan payment must be automatically deducted from an NWSB Bank checking or statement savings account. Refinancing of existing NWSB Bank loans is not permitted. The term of the loan may range from 1-60 months. The maximum loan amount is $5,000. Other rates and terms are available. No collateral is required. The $35 application fee will be waived.

The Annual Percentage Rates (APRs) are accurate as of the effective date above. APRs for new and used auto loans based upon 90% loan-to-value. For other loans, down payment requirements vary. The interest rate for your loan is based upon your creditworthiness. A $35 processing fee applies to unsecured loans. The payment may be automatically deducted from an NWSB Bank checking or statement savings account.

My Money Line - Personal Line of Credit Annual Percentage Rate (APR)
My Money Line with Initial Draw of $2,500 or more 9.75%*
My Money Line without Initial Draw 10.25%


No down payment or collateral is required for this type of loan. Initial draw of $2,500 or more must be taken at the time of closing in order to qualify for the 9.75% APR. *The introductory APR of 9.75% is fixed for the first six months of the line. Thereafter, the variable APR may increase or decrease monthly on the billing date based upon the The Wall Street Journal Prime Rate plus 5.75%. As of December 15, 2017, the APR based upon Prime Rate plus 5.75% is 10.25%. The maximum APR is 18.00%. The interest rate for your line is based upon your creditworthiness. The minimum credit line amount is $2,500. This introductory offer may be modified or discontinued without notice. A processing fee of $35 applies.


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