We can also help you book out that purchase
to help determine if the price is right for you. For a
vehicle, RV or boat loan, the Annual Percentage Rate is calculated
based on the year, loan term and your personal credit rating with
Annual Percentage Rates as low as 6.45%. Use the payment
calculator to help you determine the vehicle you can afford, book
out the vehicles using the NADA and Kelley Blue Book and then print
the consumer loan application form to bring into your loan officer
to finance your vehicle. To speak with a Loan Officer, call or
email a branch most convenient to you.
Personal Ready Reserve Line of Credit
Enjoy the convenience and
flexibility of your own credit reserve that is tied to your personal
checking to provide overdraft protection. Benefits: It
provides you with a revolving line of credit and overdraft
protection, up to your credit limit. The minimum amount that will
advance is $100.00 to your checking account. We will mail you a
notice with each advance. Also, your Ready Reserve information is
included on your monthly checking statement!
fee for a Ready Reserve is a low $50 Origination Fee which
includes the Credit Report fee. We do not access an annual
fee like most other credit lines. If your line automatically
advances, you will be charged a $2 fee each time.
Interest Rate: You will find that our interest rate is very
competitive priced off the Wall Street Journal Prime Rate
+ 7%. You pay interest only on what you need to borrow and
can pay it back in part or full at any time.
Payment Schedule: You have the choice of paying the entire
balance at any time, with no prepayment penalties; or making
monthly payments by automatic deduction from your Twin River
National Bank checking account. The minimum monthly
payment that you agree to make when you establish your credit
5% of the outstanding principal balance or $30.00, whichever is
greater; however, if your
balance is less than $30.00, the entire balance plus interest
will be due.
Here is how to
establish your Ready Reserve: Complete a basic credit
application and provide a current paystub. We will be happy to help
you with any questions. After you have completed the application,
we will review the information and your credit report and notify you
of the status by phone or email. If approved
your loan documents can be ready as soon as you need them.