Miscellaneous Consumer Loans
Alaska USA offers many different types of loans and many easy ways to apply.
Miscellaneous consumer loans are available for types of consumer goods not covered
under other loan guidelines. These include items such as pianos, organs, tractors,
backhoes, loaders, bulldozers, horse trailers, snow plows, boat motors and other
serial-numbered personal property.
The loans may be used for new purchases and refinancing;
both new and used items may qualify for a miscellaneous consumer loan.
Miscellaneous Loan guideline
- 1. Maximum amount
- New - Normally, up to 90% of the purchase price, depending on the
type of collateral.
- Used - Normall, up to 80% of the lesser of (a) purchase price or (b)
value as determined by an acceptable appraisal, depending upon type of collateral.
- 2. Maximum term:
- 84 months when loan value exceeds $15,000.
- 72 months when loan value exceeds $10,000 - $15,000.
- 60 months when loan value exceeds $ 7,500 - $ 9,999.
- 48 months when loan value exceeds $ 5,000 - $ 7,499
- 36 months when loan value exceeds $ 3,000 - $ 4,999.
- 24 months on all others.
This guideline is approved by the Board of Directors and is effective June 29, 1994.
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