Rates effective July 23, 2008
New Automobiles |
|
3 years |
Monthly Payment per $1,000 Borrowed |
4 years |
Monthly Payment per $1,000 Borrowed |
5 years |
Monthly Payment per $1,000 Borrowed |
| $500 down |
6.40% |
$30.60 |
6.90% |
$23.90 |
7.40% |
$19.99 |
| 10% down |
5.90% |
$30.38 |
6.40% |
$23.67 |
6.90% |
$19.75 |
| 15% down |
5.40% |
$30.15 |
5.90% |
$23.44 |
5.40% |
$19.06 |
| 20% down |
4.90% |
$29.93 |
5.40% |
$23.21 |
5.90% |
$19.29 |
Maximum loan amount $35,000 - minimum $2,500. Minimum down payment of $500 required. Vehicles greater than 6 months old are considered used. Vehicle must be registered and operated within the State of Maryland. Security Interest Filing with MVA and full insurance coverage with Arundel Federal as the loss payee are required.
Used Automobiles |
|
3 years |
Monthly Payment per $1,000 Borrowed |
4 years |
Monthly Payment per $1,000 Borrowed |
5 years |
Monthly Payment per $1,000 Borrowed |
| Minimum 10% down |
7.00% |
$30.88 |
7.50% |
$24.18 |
8.00% |
$20.28 |
Maximum loan amount $20,000 - minimum $2,500. Minimum down payment of 10% of the lesser of book value or purchase price is required. Vehicles must be less than 6 years old(based on model year). Vehicle must be registered and operated within the State of Maryland. Security Interest Filing with MVA and full insurance coverage with Arundel Federal as the loss payee are required.
New Boats |
5 years |
Monthly Payment per $1,000 Borrowed |
10 years |
Monthly Payment per $1,000 Borrowed |
| 8.75% |
$20.64 |
9.25% |
$12.80 |
Maximum loan amount $40,000 - minimum $3,000. Minimum down payment of 35% of the lesser of book value or purchase price is required. Vessel must be registered and operated within the State of Maryland. Security Interest Filing with DNR and full insurance coverage with Arundel Federal as the loss payee are required.
Used Boats |
5 years |
Monthly Payment per $1,000 Borrowed |
10 years |
Monthly Payment per $1,000 Borrowed |
| 8.75% |
$20.64 |
9.25% |
$12.80 |
Maximum loan amount $40,000 - minimum $3,000. Minimum down payment of 40% of the lesser of book value or purchase price is required. Vessel must be less than 11 years old and a Marine Survey is required. Vessel must be registered and operated within the State of Maryland. Security Interest Filing with DNR and full insurance coverage with Arundel Federal as the loss payee are required.
Minimum loan amount $500 - Maximum $5,000. Maximum loan term is 3 years. Loans of $3,500 or less are subject to shorter terms. Call 410-355-9300 for details. Monthly payment per $1000 borrowed at 18% for 36 months is $36.15.