Maximum loan amount $50,000 - minimum $5,000. Minimum down payment of $500 required. Vehicles greater than 6 months old are considered used. Age of vehicle, plus loan term can not exceed 8 (eight) years. Vehicle must be registered and operated within the State of Maryland. Security Interest Filing with MVA and full insurance coverage with Arundel Federal as the loss payee are required. Auto debited payments are eligible for lower rates, please inquire for details. APR = Annual Percentage Rate.
STATEMENT OF LOAN POLICY
Arundel Federal Savings Bank has established a policy of making sound loans to qualified applicants without regard to race, color, national origin, religion, sex, marital status, age, handicap, familial status, the receipt of public assistance, the borrower's good faith exercise of rights under the Consumer Credit Protection Act or the age or location of the dwelling (where applicable).
EQUAL CREDIT OPPORTUNITY ACT NOTICE
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, marital status, age (provided that the applicant has the capacity to enter into a binding contract), sex, handicap or familial status (having children under the age of 18), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with the law concerning this lender is below:
Office of the Comptroller of the Currency, Customer Assistance Group,
1301 McKinney St., Ste. 3450, Houston, TX 77010. 800-613-6743
