Rensselaer Republican, Volume 27, Number 17, Rensselaer, Jasper County, 20 December 1894 — Important to Borrowers. [ARTICLE]
Important to Borrowers.
The Indiana Mutual Building and Loan Associations have decided to reduce the premium on all loans made after January 1, 1895, to two per cent, with interest at six per cent. This should meet with the approval of any one who desires to secure a loan, if the borrowers will take into consideration the earnings he makes on the money he pays in as monthly dues on hi shares, his interest thereby being reduced to less than five per cent. None but first class applications will be considered, and will not loan to exceed fifty per cent, of the appraised value. Chas. Kahlo, Secy. Home Office, Journal Building, Monument Place, Jndianapols.lnd. For further particulars call on
W. H. COOVER.
