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Freedom to Choose

8/1/2011 12:00 AM

Category: Promotions

Freedom to Choose

Introducing the loan that gives you the freedom to choose.

  • Choose your interest rate: Variable or Fixed
  • Choose your loan term: 1,2, or 3 years
  • Choose your repayment type: Principle & Interest or Interest Only***


  • Loan Scenarios

    VARIABLE RATE
    Loan Amount: $50,000
    Interest Rate: 3.25%
    APR: 3.659%
    Loan Term: 3 years
    Payments: 35 payments of $488.67**
    1 payment of $37,154.65
    FIXED RATE
    Loan Amount: $50,000
    Interest Rate: 3.95%
    APR: 4.362%
    Loan Term: 3 years
    Payments: 35 payments of $505.13
    1 payment of $37,518.06
    VARIABLE RATE – INTEREST ONLY PAYMENTS
    Loan Amount: $50,000
    Interest Rate: 3.25%
    APR: 4.289%
    Loan Term: 1 year
    Payments: 12 payments of interest only
    1 payment of $50,138.01
    FIXED RATE – INTEREST ONLY PAYMENTS
    Loan Amount: $50,000
    Interest Rate: 3.95%
    APR: 4.995%
    Loan Term: 1 year
    Payments: 12 payments of interest only
    1 payment of $50,167.74

    *Minimum loan amount of $50,000. Initial interest rate of 3.25%, APR of 3.659% is based on Prime Rate + 0% as of 6/30/2011, a 3 year term and is available as avariable rate on the loan. Variable rate can adjust 0.5% quarterly with an annual cap of 2%. Interest rate of 3.95%, APR of 4.362% as of 6/30/2011 is based on a 3year term and is available as a fixed rate loan. Rates are subject to change without notice and subject to credit approval. Borrower can choose a loan term of 1, 2 or3 years with a 10 year amortization. Origination fee of 1% will be assessed. Loan is unsecured. Requires auto payment from a Panhandle State Bank, IntermountainCommunity Bank or Magic Valley Bank checking account.

    **Rates are variable and may increase. If the rate increases, the payment will also increase.

    ***Interest only payments are restricted to a 1 year loan term.