Personal Term Loans
Secured
|
Type/Term |
Interest Rate |
Payment Amount(a) |
Example Payment Term |
|
New Vehicles Up to 60 Mos. |
6.00% APR |
$35.98 |
30 Months |
|
Used Vehicles Up to 60 Mos.(b) |
6.75% APR |
$36.32 |
30 Months |
|
Boat or Motorcycle |
9.00% APR |
$37.35 |
30 Months |
|
Deposit Account(c)(d) |
6.00% APR |
$35.98 |
30 Months |
|
Mobile Home |
Negotiable |
Available upon request |
Negotiable |
Secured with Payment by Automatic Debit From A Mars National Bank Deposit Account
|
Type/Term |
Interest Rate |
Payment Amount(a) |
Example Payment Term |
|
New Vehicles Up to 60 Mos. |
5.75% APR |
$35.87 |
30 Months |
|
Used Vehicles Up to 60 Mos.(b) |
6.50% APR |
$36.21 |
30 Months |
|
Boat or Motorcycle |
8.75% APR |
$37.24 |
30 Months |
|
Deposit Account(c)(e) |
5.75% APR |
$35.87 |
30 Months |
|
Mobile Home |
Negotiable |
Available upon request |
Negotiable |
(a)Payment amount per $1,000 borrowed
(b)Rate subject to underwriting requirements depending on the year and condition of the vehicle.
(c)A deposit account secured loan is a variable rate loan.If the interest rate of the deposit account changes, the rate of the loan account will equally change.
(d)The interest rate and payment example is based on a Certificate of Deposit that is paying 3.00% plus a margin of 3.00%.
(e)The interest rate and payment example is based on a Certificate of Deposit that is paying 3.00% plus a margin of 2.75%.
(For footnote, c, d and e – these loans must be secured by a deposit account or Certificate of Deposit at Mars National Bank)
Unsecured
|
Term |
Interest Rate |
Payment Amount(b) |
Example Payment Term |
|
Up to 30 Months |
10.00% APR |
$46.15 |
24 Months |
|
31 to 60 Months |
11.00% APR |
$25.85 |
48 Months |
|
Senior Citizen(a) |
9.00% APR |
$24.89 |
48 Months |
Unsecured with Payment by Automatic Debit From A Mars National Bank Deposit Account
|
Term |
Interest Rate (c) |
Payment Amount(b) |
Example Payment Term |
|
Up to 30 Months |
9.75% APR |
$46.03 |
24 Months |
|
31 to 60 Months |
10.75% APR |
$25.73 |
48 Months |
|
Senior Citizen(a) |
8.75% APR |
$24.77 |
48 Months |
(a)62 Years of Age or Older
(b)Payment Amount Per $1,000 Borrowed
(c)Payment must be automatically debited from an eligible Mars National Bank deposit account
Personal Lines of Credit
|
Security |
Index |
Interest Rate |
Margin |
Interest Rate(d) |
Pay By Debit Margin |
| Unsecured or Secured(b) |
New York Prime |
6.25% |
+ 3.00% |
6.00% APR |
+ 2.75% |
(a)Payment amount per $1,000 borrowed
(b)Personal Lines of Credit are variable rate plans with rates subject to a change in the Index. The Index is either the interest rate being paid on your deposit account or the New York Prime Rate.The interest rate is the sum of the Index plus the margin.Rates are subject to change without notice.
(c)The interest rate examples are based on a Certificate of Deposit that is paying 3.00% interest.
(d)Payment must be automatically debited from an eligible Mars National Bank deposit account
|
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