Interest rates and annual percentage rates (APRs) are: based on current market rates; for informational purposes only; subject to change without notice and may be subject to pricing add-ons related to collateral type, loan amount, loan-to-value, credit score and other variables. Collateral type restriction and other limitations apply. APR is based on a $20K loan for all examples, using suggested term and processing fee.
This is not a commitment to lend. Your loan's interest rate will depend on the specific characteristics of your loan transaction and your credit profile up to the time of closing. The estimated monthly payments are for principal and interest only. Your actual monthly payment amount may be higher. While actual loan terms may be different as prepaid finance charges and closing costs vary, the Annual Percentage Rate (APR) and monthly payments are listed based on the following assumptions:
Minimum FICO score of 760
Maximum loan-to-value for auto is 90% and maximum loan-to-value for boat is 80%.
Average fees of $150.00 (other fees not affecting APR may apply)
Rates include a .25% discount for optional automatic payment from a Macatawa Bank account.
Other rates and terms are available. All loans are subject to credit approval.