Loan Types, Rates & Calculators

For Loan Rate Specials and other loan types and corresponding rates, contact Pen Air's Loan Department at (850) 505-3200.

Rates are based on an evaluation of applicant credit and may vary. All rates subject to change without notice. Other rates and terms available and conditions or restrictions may apply. All loans subject to credit approval.

Listed Rates Available May 1, 2008.

* Approximate Term is provided to disclose the term we use to calculate payments for the credit union open-end loan products.
** Limited Time Offer

Loan Type                         

Approx.             
Term*                 
(Based upon
amount
borrowed)    

Annual
Percentage Rate
(APR)
(Rates based on
applicant's
credit and may
vary from rate shown)
As low as:


New Auto/Truck   up to 84 mos        5.00%    
Used Auto/Truck up to 72 mos      5.00%        
New/Used
Auto/Truck  		up to 36 mos   4.50%    
New Boat up to 144 mos    6.50%         
Used Boat   up to 120 mos    6.50%  
New Motorcycles  up to 60 mos    6.75%      
Used Motorcycles  up to 48 mos        6.75%  
New Rec. Vehicle up to 144 mos    6.75%      
Used Rec. Vehicle up to 144 mos     6.75%         
Misc. Secured
(Collateralized 		 up to 48 mos    7.25%       
Signature/
Personal 		 up to 60 mos    7.50%    
Jet Air -
Line of Credit/
Overdraft Protection
(increments of $100 only) 		 up to 60 mos   7.50%    
Farm Equipment
(Maximum $49,000)		 up to 60 months
(minimum $10,000) 		   9.00%        
Share/CD Secured
(current Share rate +2% 		 up to 60 months   3.00%        
Disaster Recovery Loan  up to 60 months    6.50%        

 Business Purpose Loan         up to 144 months      Rate shall be 2% higher than the normal rate for the
                                                                              type of collateral offered. Loan will be Risk priced.