Now, go to www.ncsecu.org which is the website of the North

Carolina State Employees Credit Union (SECU). At the top of the

page you will see a drop-down menu for Loans. In this menu, go to

the Vehicle Loans page. Interest rates charged by SECU change

periodically, so the rates charged last year may not be the same

rates charged today or next month.

a) What is the maximum amount (%) that SECU will finance for a

new vehicle? This is the amount they’re willing to finance, not to

be confused with their APR (interest rate).

b) What is the maximum amount you can borrow for the new car you

chose?

c) What is the maximum length of a new vehicle loan from

SECU?

d) What is the interest rate for a new vehicle loan for 36

months, assuming you use a Payroll Deduction?

e) What is the interest rate for a new vehicle loan for 60

months, assuming you use a Payroll Deduction?

f) What is the interest rate for a new vehicle loan for 72

months, assuming you use a Payroll Deduction?

Tony SparkEnlightened

Qa) What is the maximum amount (%) that SECU willfinance for a new vehicle? This is the amount they’re willing to

finance, not to be confused with their APR (interest rate).

Ans- Maximum amount is Upto 110% of the vehicle,for exampleif vehich cost is $10,000, upto $11,000 can be financed.

Qb) What is the maximum amount you can borrow for the new car

you chose?

Ans Maximum amount that can be borrowed is $ 25000

Qc) What is the maximum length of

a new vehicle loan from SECU?

Ans- It can be upto 120 months of 10 years.

Qd) What is the interest rate for

a new vehicle loan for 36 months, assuming you use a Payroll

Deduction?

Ans It will be having interest rate (APR) of 1.75%

Qe) What is the interest rate for

a new vehicle loan for 60 months, assuming you use a Payroll

Deduction?

Ans- It will be having interest

rate (APR) of 2.75%

Qf) What is the interest rate for

a new vehicle loan for 72 months, assuming you use a Payroll

Deduction?

Ans It will be having interest rate (APR) of 3.75%