Musical Instrument Loans

Balloon Rate (APR) Amortization
3-Year 7.25% 25-Year
N/A 7.25% 60 Months
As of 2/11/2014

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!

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