Consumer Loan Rates

Effective Date: 12/11/2019

New Cars & Trucks 2018, 2019 & 2020 Only (Never Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

3.00%

95%

$5,000

$50,000

$42.98

36

3.50%

95%

$5,000

$50,000

$29.30

48

4.00%

95%

$5,000

$50,000

$22.58

60

4.50%

90%

$5,000

$50,000

$18.64

72

4.75%

85%

$5,000

$50,000

$15.99

Used Cars & Trucks 2016-2020 Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

4.25%

95%

$5,000

$50,000

$43.54

36

4.75%

95%

$5,000

$50,000

$29.86

48

5.25%

90%

$5,000

$50,000

$23.14

60

5.75%

85%

$5,000

$50,000

$19.22

Used Cars & Trucks 2012-2015 Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

7.00%

90%

$5,000

$50,000

$44.77

36

7.50%

80%

$5,000

$50,000

$31.11

48

8.00%

80%

$5,000

$50,000

$24.41

 Vehicles 2011 and older: 9.5% 36 months max term, 80% Loan to Value.

New Motorcycles 2018, 2019 & 2020 Only (Never Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

3.00%

95%

$4,000

$30,000

$42.98

36

3.50%

95%

$4,000

$30,000

$29.30

48

4.00%

95%

$4,000

$30,000

$22.58

60

4.50%

90%

$4,000

$30,000

$18.64

72

4.75%

85%

$4,000

$30,000

$15.99

Used Motorcycles  2016-2020 Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

4.25%

95%

$4,000

$30,000

$43.54

36

4.75%

95%

$4,000

$30,000

$29.86

48

5.25%

90%

$4,000

$30,000

$23.14

60

5.75%

85%

$4,000

$30,000

$19.22

Used Motorcycles  2012-2015 Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

7.00%

90%

$4,000

$30,000

$44.77

36

7.50%

80%

$4,000

$30,000

$31.11

48

8.00%

80%

$4,000

$30,000

$24.41

 Vehicles 2011 and older: 9.5% 36 months max term, 80% Loan to Value.

New Recreational Vehicle (Motor Homes, Campers, RVs) 2018, 2019 & 2020 Only (Never Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

5.50%

100%

$5,000

$75,000

$44.10

36

5.75%

100%

$5,000

$75,000

$30.31

48

6.00%

90%

$5,000

$75,000

$23.49

60

6.25%

90%

$5,000

$75,000

$19.45

84

6.50%

90%

$5,000

$75,000

$14.85

120

7.00%

90%

$5,000

$75,000

$11.61

Used Recreational Vehicle (Motor Homes, Campers, RVs) 2005+ Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

6.50%

85%

$5,000

$50,000

$44.55

36

6.75%

85%

$5,000

$50,000

$30.76

48

7.00%

85%

$5,000

$50,000

$23.95

60

7.25%

85%

$5,000

$50,000

$19.92

84

7.50%

85%

$5,000

$50,000

$15.34

120

8.00%

85%

$5,000

$50,000

$12.13

2009 and older: 36 months max term.  75% Loan to Value.

New Boats 2018, 2019 & 2020 (From Dealership, Never Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

5.50%

100%

$5,000

$75,000

$44.85

36

5.75%

100%

$5,000

$75,000

$30.82

48

6.00%

90%

$5,000

$75,000

$23.88

60

6.25%

90%

$5,000

$75,000

$19.78

84

6.50%

90%

$5,000

$75,000

$15.10

120

7.00%

90%

$5,000

$75,000

$11.81

Used Boats  2005+ Only (Previously Registered)

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

6.50%

85%

$5,000

$50,000

$45.30

36

6.75%

85%

$5,000

$50,000

$31.29

48

7.00%

85%

$5,000

$50,000

$24.35

60

7.25%

85%

$5,000

$50,000

$20.26

84

7.50%

85%

$5,000

$50,000

$15.60

120

8.00%

85%

$5,000

$50,000

$10.34

Boats 2011 and older. 36 months max term. 75% Loan to Value.

New ATV, Snowmobiles, Personal Watercraft, Dirt Bikes, Lawn Equipment 2018, 2019 & 2020 Only

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

5.50%

100%

$4,000

$20,000

$44.10

36

5.75%

100%

$4,000

$20,000

$30.31

48

6.00%

90%

$4,000

$20,000

$23.49

60

6.25%

90%

$4,000

$20,000

$19.45

Used ATV, Snowmobiles, Personal Watercraft, Dirt Bikes, Lawn Equipment  2009+ Only

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

6.50%

85%

$4,000

$20,000

$44.55

36

6.75%

85%

$4,000

$20,000

$30.76

48

7.00%

85%

$4,000

$20,000

$23.95

60

7.25%

85%

$4,000

$20,000

$19.92

ATV, Snowmobiles, Personal Watercraft, Dirt Bikes, Lawn Equipment 2009 and older. 36 months max term. 75% Loan to Value.

Home Improvment       

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan*

Monthly P&I Payment Per $1,000

 24

 5.49%

N/A 

$2,500 

$20,000 

$44.09 

36

5.49%

N/A

$2,500

$20,000

$30.19

48

5.99%

N/A

$2,500

$20,000

$23.48

60

5.99%

N/A

$2,500

$20,000

$19.33

 84

8.25% 

 N/A

$5,000

 $20,000

$15.71 

 120

9.00% 

 N/A

$7,500 

$20,000 

$12.67 

Requests greater than $10,000 may require a collateral mortgage.  

ADvantage Line of Credit

APR

Maximum Term (Months)

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

14.65%

N/A

N/A

$1,500

$7,500

N/A

 

Personal Loans Secured with:

Account

 Type

APR

Maximum Term (Months)

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

Savings

4.25%

60

95%

$2,500

**

$18.53

Certificate of Deposit

*

60

95%

$2,500

**

N/A

* 2.5% over Certificate rate with a minimum of 4.25% APR
** Maximum loan amount 95% of principal balance of instrument pledged

Unsecured Personal Installment Loans

Maximum Term (Months)

APR

Max Loan to Value

Minimum Loan

Maximum Loan

Monthly P&I Payment Per $1,000

24

9.00%

N/A

$2,500

$10,000

$45.68

36

9.00%

N/A

$2,500

$10,000

$31.80

48

9.50%

N/A

$2,500

$10,000

$25.12

60

9.50%

N/A

$2,500

$10,000

$21.00

 

APR = Annual Percentage Rate
Monthly P & I (Principal and Interest) for the chart above is provided for purpose of illustration.
To calculate your monthly principal and interest payment using the chart above, simply multiply the dollar
figure in the last column by the loan amount desired and divide by 1,000.
ADvantage Line of Credit APR is subject to change from time to time based on changes in an independent index
which is the Wall Street Prime Rate.
Rates quoted are Adirondack Bank's best available rates. Loan rates and terms are determined by overall credit history and are subject to change. Applications are subject to credit approval.
With regard to the refinancing of existing consumer debt, current Adirondack Bank loans will not be refinanced at prevailing rates.  If the customer meets approval guidelines the Bank will allow the refinancing (with potential new money) at the rate of the original loan. 

 

 

 

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