What is the late payment fee on my loan?
There is a 15 day grace period before late fees are charged. After the 15th day, the following late charges apply:
- Auto, Personal, Consumer Loans originated before 1-1-2016
- 20% of interest due. $5 minimum, $17 maximum
- Auto, Personal, Consumer Loans originated after 1-1-2016
- 5% of the payment amount. $10 minimum
- Credit Cards
- $15 per event
- Home Equity Loan originated before 10-1-2015
- 1% of the past due principal and interest
- Home Equity Loan originated after 10-1-2015
- 4% of past due principal and interest
- First Mortgage Loan, non-FHA financing
- 5% of past due principal and interest
- First Mortgage Loan, FHA financing
- 4% of past due principal and interest