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Loan Amount 

Lending Limits and Repayment Terms

 
MAXIMUM LOAN ​MAXIMUM TERM​​PAYMENT
Aerial Apparatus ​​$378,000 or 50% (whichever is less) ​30 years $1,397.16/Month
Heavy Duty Rescue ​​(GVWR 14,700+lb) $270,000 or 50% (whichever is less) ​20 years $1,365.89/Month
Apparatus (new)​​$270,000 or 50% (whichever is less) ​20 years ​$1,365.89/Month

Pumpers/Tankers/Utility/Special Service Vehicles 

​MAXIMUM LOAN ​MAXIMUM TERM​​PAYMENT ​
Apparatus (used) ​​$216,000 or 80% (whichever is less) ​20 years ​$1,092.71/Month
Ambulance (new or used) ​​$135,000 or 50% (whichever is less) ​20 years ​$682.94/Month
Light Duty Rescue ​​$135,000 or 50% (whichever is less) ​20 years ​$682.94/Month
Watercraft Rescue ​​$37,800 or 50% (whichever is less) 10 years ​$347.81/Month
Facility​​$486,000 or 50% (whichever is less) ​30 years ​$1,796.35/Month
Only bay areas in buildings that house apparatus 
​​MAXIMUM LOAN ​MAXIMUM TERM​​​PAYMENT ​​
​Rehabilitation  ​$86,400 or 80% (whichever is less) ​20 years ​$437.08/Month
Equipment​​$27,000 or 50%(whichever is less, once per 5-year period) ​10 years $248.44/Month
PennFIRS​​$4,320 or 50% (whichever is less) ​10 years   ​$39.75/month

PA Bonus: New Apparatus/Ambulance/Rescue Vehicles manufactured or assembled in Pennsylvania $20,000 may be added to the above limits. Certification is required from the manufacturer stating 75% of the total cost results from the vehicle being manufactured in Pennsylvania.

Summary by Amount

Loan less than $50,000 ​10 Years
Loan $50,000 through $300,000 20 Years
Loan above $300,000​30 Years
All loans are at 2 percent interest per annum