EFFECTIVE DATE: July 29, 2010
| Variable** Rate APR* | Fixed Rate APR* | ||
| New Aircraft | Up to 84 months Up to 100% of Retail Value | 7.50% | 8.50% |
| 85 to 144 months (Financed Amount $30,000 or more) Up to 100% of Retail Value | 7.60% | 8.60% | |
| Used Aircraft | Up to 84 months Up to 100% of Retail Value | 8.00% | 9.00% |
| 85 to 144 months (Financed Amount $30,000 or more) Up to 100% of Retail Value | 8.25% | 9.25% |
100% financing of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
New and used aircraft rates reflect 1/4% discount for automatic or payroll deducted payments.
Members who currently have at least one (1) open loan with LAPFCU and are in good standing will receive an additional 1/4% Loyalty Rate Discount at the time of approval. This rate discount can not be used in conjunction with a Promotional Rate.
All Rates and Terms are subject to change without notice.
*APR = Annual Percentage Rate.
**Variable rates may increase or decrease during the term of the loan.
Payment Example (Rate effective 04/08/10): New aircraft loan: A 12 year loan at 8.60% fixed APR will have 144 monthly payments of $11.16 per $1,000 borrowed.
