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SERVICES
Need
a loan for a new motorcycle? Since our 1984 establishment
by bikers for bikers in the military market in Europe, TC Corp has
become a credit leader for Harley-Davidson and Japanese bikes worldwide.
US military personnel, DoD civilians, and other ID card holders
are all eligible.
A US Corporation, TC Corp provides loan services to bikers
from our administrative offices in Reims, France.
We listen to what you want...
Give
me a YES or a NO on my loan application today, and make the loan
process as quick and efficient as possible.
Provide terms that will help me minimize my insurance costs.
Provide me flexibility in paying off early without penalties.
Treat me like a fellow biker.
And
so we provide tailored services that include...
Simplified
loan application for new bike purchases.
Same-day loan approval and express fund release for quick delivery.
Loans with no full coverage insurance requirement.
No penalties for early loan payoff.
Efficient title handling for later US registration.
Friendly, customer oriented treatment.
Loans are available for either European or stateside delivery.
To apply for a TC Corp bike loan, fill in our on-line application
or contact us if you prefer to apply by mail or fax. You should
have your latest LES and the purchase order information for your
motorcycle available. We normally process and return a credit approval
(or refusal) the same day! Since we focus on your needs, completing
your loan is a matter of hours.
YOU
COULD BE RIDING TOMORROW!
Some general
loan terms and down payment requirements follow. Please read carefully.
GENERAL
LOAN TERMS AND CONDITIONS
CREDIT EVALUATION: Fair and flexible, TC Corp credit evaluation
can approve applicants having experienced problems with past credit
and even bankruptcy. Our goal is to provide you a loan that will
fulfill your needs and adequately fit your financial situation.
LOAN
CONTRACT: A two-page loan contract and security agreement
details all the particulars. Its legalities and payment information
have been made as clear and understandable as possible.
DOWN
PAYMENTS / INTEREST RATES:
A minimum of 10% of the purchase price (except $300 minimum for
Harley Sportsters). Our base rate is 14.9% APR, a 18.9% APR may
be applicable if your credit history does not qualify you for our
reduced rate of 14.9% APR (in the event of repeated delinquent credit
accounts, bankruptcies, etc.).
INSURANCE
requirements:
TC Corp provides loans to help you minimize your insurance costs
for your situation. USAREUR registration will require basic "liability"
insurance coverage. TC requires that you also obtain "theft"
coverage (unless it is deregistered and stored under your home insurance,
for example in your garage during the winter).
TC loans do not require "collision" or "full coverage"
which is sometimes unaffordable.
DURATION:
Fixed interest rate loans are established for the number of months appropriate for your situation. TC Corp loans are limited to 36 months for most loans but may be extended to 48 months under certain conditions. The first monthly payment will be due at the end of the month when the loan is effectively disbursed – usually the same month you take delivery of your bike, or earlier if you wish to make advance payments. TC CORP assesses no penalty on loans cancelled before your bike is funded.
MONTHLY
PAYMENTS:
Are established by allotment for military personnel and by direct-deposit
for civilian employees. You may make additional payments as partial
or full payments at anytime without penalty; this will reduce interest
costs and advance your final payment date. See the FAQ section on
how to make additional payments.14.9% over 36 months, approx. $34.61 per $1,000 borrowed.
18.9% over 36 months, approx. $36.61 per $1,000 borrowed.
18.9% over 48 months, approx. $29.85 per $1,000 borrowed.
(for loans with full coverage insurance, risk charge of $20 monthly applies in addition to monthly payment otherwise).
Example : over 48 months, a $12,500 loan at 18.9% works out to $373.09 per month. The total cost of your loan can be reduced by increasing your monthly payments or by prepaying the loan in advance.
DEROS
/ ETS /PCS / EARLY SEPARATION:
TC will contact you by mail with important titling and registration
information based on DEROS or ETS data you provided with your loan
application. Contact us to make specific arrangements if your DEROS
or ETS dates change or if you face discharge or apply for early
separation.
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