Musical Instrument Loans
| Balloon | Rate (APR) | Amortization |
|---|---|---|
| 3-Year | 7.25% | 25-Year |
| N/A | 7.25% | 60 Months |
| As of 1/1/2008 | ||
Terms
- Maximum loan amount of $250,000
- Financing of up to 75% of appraised value of the instrument
- Five-year maximum term for loans $25,000 and less
- 25-year amortization with three-year balloon for loans $25,000 and more
- 10% of loan value required in Savings Account
- Rates and terms subject to change without notice
- ActorsFCU Savings Account required and must be opened before application can be processed
- Additional requirements, call Loan Department for details: 212.869.8926, Option 4
Save 0.25% on your annual percentage rate by signing up for automatic loan payments from you ActorsFCU Savings or Checking Account!
