| SAY WHAT? (Home Equity) | LOANS | LINES | MORE LENDING | A LITTLE BIT OF THIS & A LITTLE BIT OF THAT |
|---|---|---|---|---|
|
$50, waived in the first year
What is the annual fee on our Home Equity?
|
Monthly Pay: 60 months
Single Pay: 11 months
What are the terms available for the Personal Loan?
|
36 months
The customer can re-apply for another three-year revolving term or pay balance in full (ballon payment)
What are the terms available for the Premier Line of Credit? What happens at the end of the term?
|
$25,000
What is the maximum loan amount for a Personal Loan and Premier Line of Credit?
|
Checking Reserve Line
None $500-$2,500
What is the only lending solution used solely for ODP?
Is there an annual fee? If so, what is it? What are the minimum and maximum dollar limits? |
|
30 years, 10 years
What is the term of a Home Equity? What is the draw period?
|
$18,000
If a customer makes $60,000 per year what is the maximum dollar amount, they could be approved for if they applied for a Personal Loan?
|
$13,000
If a customer makes $65,000 a year, what is the maximum amount they could be approved for a Premier Line of Credit?
|
$5000
What is the minimum amount that can be converted into the Fixed Rate Option on a Home Equity?
|
A positive indication of customer's desire to apply for a credit card.
Terms and Conditions
Define affirmative consent?
What is the name of the disclosures that need to be provided? |
|
60-240 months
What are the Fixed Rate Option terms available?
|
100,000 miles
What is the maximum number of miles a vehicle can have if they want to apply for a Vehicle and Other Goods Loan?
|
$5,000-$25,000
What is the minimum and maximum amount for the Premier Line of Credit?
|
Can use over and over for 36 months
Minimum payment as low as $50 Only pay interest on what is used
Share two benefits of a Premier Line of Credit.
|
Customer for at least 1 year and have an average balance of $1,000 or more.
What are the two requirements for a customer to apply for a Personal Loan or Premier Line of Credit?
|
|
Cust. is able to term out all or a portion of an outstanding balance on a HELOC. $100 fee to convert back to the line of credit.
Define what it means for the customer to use the Fixed Rate Option on a Home Equity. Is there a fee involved?
|
7-72 months
What are the terms available for a Vehicle and Other Goods Loan?
|
Unexpected expenses, Cash flow management, overdraft protection.
What are some typical uses for a Premier Line of Credit?
|
Large purchase without collateral
Purchase a car outside of our lending requirements etc.
Share an example of what a customer could use a Personal Loan for.
|
Upon request
When products are discussed Account opening Adding a customer
Name the four times disclosures need to be provided.
|
|
20 year repayment period at a VARIABLE interest rate
What happens when to the outstanding balance of the line at the end of 10 years if they don't refinance?
|
A loan secured by a deposit product. Acceptable collateral would include a savings account, money market, and CD.
What is a cash secured loan? What is the acceptable collateral?
|
None
What are the requirements for the Checking Reserve Line of Credit?
|
in 11 months the customer will make 1 payment and it will pay off the entire loan.
Seasonal workers (landscaping, snow removal) Inheritance Bridge loan
What is the single pay option for a Personal Loan? Share an example of when a customer would use this option.
|
P-Product Brochure
A-Account Fee Schedule I-Interest Rate Sheet D-Deposit Account Agreement Booklet
What is the acronym used for knowing what disclosures to provide to a customer? Name the four disclosures.
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