ICNT054228
Land O'Lakes Finance Company generally bases interest rates on two indexes.
Variable rate loans are based on an Internal Variable Monthly Index (VMI).
The Internal Variable Monthly Index effective for June 2009: 3.55%.
(The Internal Variable Monthly Index is updated and posted each month.)
Actual variable rates will vary depending on the type of loan and overall project.
Generally, actual rates today would be in a range of: 3.55% to 5.55%.
Quick Reference – VMI
Month
|
VMI
|
May 2009
|
3.57%
|
April 2009
|
3.59%
|
March 2009
|
3.50%
|
Fixed rate loans are normally based on the Land O’Lakes Finance Internal Fixed Index pricing. The Internal Index changes weekly.
Actual fixed rates will vary depending on the type of loan, terms and overall project.
Generally, actual rates today would be in a range of: 6.50% to 8.05%.
The above interest rates are used as an indicator of current market rates. The actual interest rate to the Borrower will vary based on the request and other credit factors.
