Rate
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| Rates are Current as of 3/15/2011 |
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PROGRAM 1
Minimum Loan Amount is $5,000 - Requires Full Income Documentation |
| Loan Term |
Interest Rate |
Documentation Fee |
APR |
Monthly Payments* |
| 12 Months |
8.250% |
$0 |
8.297% |
$871.26 |
| 24 Months |
8.250% |
$0 |
8.284% |
$453.57 |
| 36 Months |
8.250% |
$0 |
8.276% |
$314.64 |
| 48 Months |
9.250% |
$0 |
9.273% |
$250.15 |
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MAXIMUM LOAN AMOUNT - PROGRAM 1 (USED AUTO)
Maximum loan amount will be calculated based on 70% of the vehicle's cash price or 70% of the wholesale price listed in the Used Car Guide of Kelley Blue Book, adjusted for equipment options and mileage; whichever is lower. |
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PROGRAM 2
Minimum Loan Amount is $5,000 - Requires No Income Documentation |
| Loan Term |
Interest Rate |
Documentation Fee |
APR |
Monthly Payments* |
| 12 Months |
7.750% |
$0 |
7.794% |
$868.93 |
| 24 Months |
7.750% |
$0 |
7.782% |
$451.28 |
| 36 Months |
7.750% |
$0 |
7.774% |
$312.32 |
| 48 Months |
9.000% |
$0 |
9.023% |
$248.96 |
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MAXIMUM LOAN AMOUNT - PROGRAM 2 (USED AUTO)
Maximum loan amount will be calculated based on 65% of the vehicle's cash price or 65% of the wholesale price listed in the Used Car Guide of Kelley Blue Book, adjusted for equipment options and mileage; whichever is lower. |
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PROGRAM 3
Minimum Loan Amount is $5,000 - Requires No Credit History and Income Documentation |
| Loan Term |
Interest Rate |
Documentation Fee |
APR |
Monthly Payments* |
| 12 Months |
9.000% |
$0 |
9.051% |
$874.75 |
| 24 Months |
9.000% |
$0 |
9.038% |
$457.02 |
| 36 Months |
9.000% |
$0 |
9.029% |
$318.13 |
| 48 Months |
9.500% |
$0 |
9.525% |
$251.35 |
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MAXIMUM LOAN AMOUNT - PROGRAM 3 (USED AUTO)
Maximum loan amount will be calculated based on 55% of the vehicle's cash price or 55% of the wholesale price listed in the Used Car Guide of Kelley Blue Book, adjusted for equipment options and mileage; whichever is lower. |
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| USED AUTO MODEL & TERM AVAILABLE |
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2009 to 2011 Models:
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12 - 48 Months |
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2007 to 2008 Models:
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12 - 36 Months |
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AUTOPAY DISCOUNT
Reduce rate by 0.25% for automatic payment from an eligible East West Bank account. |
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| * The above payment examples are based on a loan amount of $10,000 and are subject to the following conditions: |
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All registered owners must grant the Bank a security interest in all vehicles being financed. A State of California Department of Motor Vehicle (DMV) Ownership Certificate must be obtained. |
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Borrowers must have proper proof of insurance. The Bank must be named in the insurance policy as Loss Payee and Additional Insured. Maximum comprehensive and collision deductible is $1,000. |
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All applicant(s) must be a California residents with a current local address (P.O. Box is not acceptable). |
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All loans are subject to program guidelines, credit verification and approval. |
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Rates and terms are subject to change. |
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