Lake Elmo Bank

loan rates
effective as of: January 11, 2012
Automobiles - Trucks1,2 (Down payment of 20% may be required)
Model Year Term Interest Rate APR Payment
2007 - 2012 36 months 4.55% 4.717% $298.44
2007 - 2012 48 months 4.75% 4.878% $229.74
2007 - 2012 60 months 5.09% 5.196% $189.61
2007 - 2012 ($25,000 min.) 72 months 5.59% 5.679% $164.22
2002 - 2006 24 months 5.95% 6.198%

$444.10

2002 - 2006 36 months 6.25% 6.421% $306.13
Motorcycles1,2 (Down payment of 30% may be required)
Model Year Term Interest Rate APR Payment
2012 - 2011  (New) 48 months 9.25% 9.395% $250.73
2011 - Older (Used) 36 months 9.75% 9.936% $322.37
Snowmobile, ATV, PWC Loans1,2 (Down payment of 30% may be required)
Model Year Term Interest Rate APR Payment
2012 - 2011   (New) 36 months 9.75% 9.940% $322.39
2011 - Older  (Used) 24 months 10.25% 10.528% $463.89
Boats (27' or less), Motors, Trailers1,2 (Down payment of 25% may be required)
Model Year Term Interest Rate APR Payment
2012 - 2011  (New) 48 months 9.55% 9.698% $252.18
2011 - Older (Used) 36 months 10.55% 10.743% $326.17
Loans for motorhomes and other recreation vehicles available.
Home Equity Installment Loan2,3
Term Interest Rate APR Payment
5 years5,7 4.24% 4.244% $185.27
10 years4,5 5.54% 5.545% $108.75
5 yr/20 yr amortization4,5 6.04% 6.044% $71.90
1Requires a Lake Elmo Bank checking account or automatic payment from a Lake Elmo Bank account.  Normal credit qualifications and some additional restrictions apply.  Monthly payment based on a $10,000 loan plus a $25.00 processing fee.  Other rates and terms available, contact a personal banker at 651-777-8365.
2All loans subject to credit approval.
Home Equity Line of Credit2
Product Interest Rate Max APR
10 year variable6 Prime + 1.50% variable 12.95%
2All loans subject to credit approval.
3Requires a Lake Elmo Bank checking account or automatic payment from a Lake Elmo Bank account.  Monthly payment is based on a $10,000 loan.
4Customer pays for property valuation.  No additional closing costs for loans of $100,000 or less.
5Rates and closing costs based on 80% loan-to-value (LTV) or less.  Insurance may be required.  For assistance in calculating your LTV please contact a personal banker.  Other rates and terms may be available.
6Customer pays for property valuation.  No additional closing costs for loans of $50,000 or less, insurance may be required.  Rates and closing costs based on 70% LTV or less.  Rate is based on Wall Street Prime Rate, with a maximum APR of 12.95% and minimum APR of 4.50%.  The current rate is the minimum APR of 4.50%.  Rate is subject to change.  Other rates and terms may be available.  For assistance calculating LTV please contact a personal banker.
7Customer pays for all closing costs.

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