Our Loan Rates

Loan Rates
Type of Loan Description Term
in Months
Annual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
Personal Loan maximum $15,000 12 to 60 as low as 7.00% + $86.87
New R.V. Camper Loan New 30% down;
$2,500 Min;
Certificate of Title or
UCC-1 Financing
Statement Required
up to 60 as low as 10.00% * $22.11
Used R.V. Camper Loan Used 50% down;
$2,500 Min;
Certificate of Title or
UCC-1 Financing
Statement Required
60 as low as 11.00% * $22.63
New Boat Loan New 30% down required;
Pleasure crafts only
60 as low as 10.00% * $22.11
Used Boat Loan Used 50% down required;
Pleasure crafts only
60 as low as 11.00% * $22.63
Share Secured Loan Share Secured Loan 120 3.02% *** $9.67
New Auto Loan 2018, 2017, 2016 model yrs;
100% financing available
24 as low as 2.74% ** $44.41
New Auto Loan 2018, 2017, 2016 model yrs;
100% financing available
36 as low as 2.74% ** $30.1
New Auto Loan 2018, 2017, 2016 model yrs;
100% financing available
48 as low as 2.99% ** $23.09
New Auto Loan 2018, 2017, 2016 model yrs;
100% financing available
60 as low as 3.24% ** $18.93
New Auto Loan 2018, 2017, 2016 model yrs;
100% financing available
72 as low as 3.49% ** $16.19
Used Auto Loan 2008 up to 2015 model yrs;
100% financing available
60 as low as 3.49% ** $19.04
Used Auto Loan 2008 up to 2015 model yrs;
100% financing available
48 as low as 3.24% ** $23.20
Used Auto Loan 2008 up to 2015 model yrs;
100% financing available
36 as low as 2.99% ** $30.23
Used Auto Loan 2008 up to 2015 model yrs;
100% financing available
24 as low as 2.99% ** $44.52
Used Auto Loan 2007 or older model yrs;
100% financing available
60 as low as 7.99% ** $21.21
Used Auto Loan 2007 or older model yrs;
100% financing available
48 as low as 7.49% ** $25.09
Classic Auto Loan Maximum up to $65,000 60 as low as 4.49% **** $19.42
Motorcycle Loan 2018, 2017, 2016 model years 36 as low as 3.49% ** $30.45
Motorcycle Loan 2018, 2017, 2016 model years 48 as low as 3.74% ** $23.43
Motorcycle Loan 2018, 2017, 2016 model years 60 as low as 3.99% ** $19.27
Motorcycle Loan 2018, 2017, 2016 model years 72 as low as 4.49% ** $16.67
Used Motorcycle Loan 2008 up to 2015 model years 36 as low as 4.24% ** $30.80
Used Motorcycle Loan 2008 up to 2015 model years 48 as low as 4.99% ** $24.02
Used Motorcycle Loan 2008 up to 2015 model years 60 as low as 5.24% ** $19.87
Used Motorcycle Loan Older than 2008
with special approval
60 as low as 7.49% ** $25.09

+ Personal Loan. Estimated monthly payment of $86.88 per $1,000.00 borrowed, for a 12 month term, which includes single life insurance. The rate may vary depending on each borrower’s credit history and underwriting factors. Rates are subject to change without notice. Other rates and terms available.

* New/Used RV Camper & New/Used Boat Loan. Loan payment includes single life insurance. The rate may vary depending on each borrower’s credit history and underwriting factors. Rates are subject to change without notice. Other rates and terms available. Maximum up to $65,000.

** New/Used Auto & New/Used Motorcycle Loan. Payment includes single life insurance and VSI insurance. The rate may vary depending on each borrower’s credit history and underwriting factors. 100% financing not to exceed NADA value or purchase price. Rates are subject to change without notice. Other rates and terms available. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.

*** Share Secured Loan is secured by Money Market Account or Term Certificate 3.00% higher than rate.

**** Classic Auto Loan. Payment includes single life insurance and VSI insurance. The rate may vary depending on each borrower’s credit history and underwriting factors. 100% financing not to exceed NADA value or purchase price. Rates are subject to change without notice. Other rates and terms available. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.

1st Mortgages
1st Mortgage Type Term
in Years
Annual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
1st Mortgage Fixed Rate 30 yrs 4.750% + 0 points 1 $521.65
1st Mortgage Fixed Rate 20 yrs 4.500% + 0 points 1 $632.65
1st Mortgage Fixed Rate 15 yrs 4.250% + 0 points 1 $752.28
1st Mortgage Fixed Rate 10 yrs 3.500% + 0 points 1 $988.86
1st Mortgage Fixed Rate 5 yrs 3.500% + 0 points 1 $1,918.17

1 Fixed Rate First Mortgage. The Annual Percentage Rates listed above are subject to change at any time and are not guaranteed until a mortgage contract is executed. Property must be Owner Occupied one to four Family. Maximum dollar amount up to $700,000.00. Down payment as low as three percent (3%). The estimated monthly payment does not include Private Mortgage Insurance (PMI). Fees may apply. Property Insurance is required in an amount equal to or greater than the amount of the approved loan. The tax service fee is $109.00. The underwriting fee is $400.00. Payments do not include taxes or insurance. Actual payment obligation will be greater.

Home Equity Line of Credit
HELOC (Home Equity Line of Credit) Type Term
in Years
Annual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
Home Equity Line of Credit
(80% LTV)
Adjustable Rate 10 year draw;
10 year repay
4.75% APR 2 n/a
LGP Home Equity Line of Credit
(100% LTV)
Adjustable Rate 10 year draw;
10 year repay
6.25% APR 3 n/a

2 Owner occupied Home Equity Line of Credit. The maximum line of credit plus the outstanding first mortgage shall not exceed eighty (80) percent of the appraised value of the real estate or seventy (70) percent of the market value. Maximum dollar amount up to $175,000.00. Property insurance is required in an amount equal to or greater than the amount of the approved line of credit. The Annual Percentage Rate may vary. Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal minus 0.25%. Rate will not exceed 18% APR. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.

3 Owner occupied LGP Home Equity Line of Credit. The maximum line of credit plus the outstanding first mortgage shall not exceed one hundred (100) percent of the appraised value of the real estate. Maximum dollar amount up to $175,00.00. Property insurance is required in an amount equal to or greater than the amount of the approved line of credit. The Annual Percentage Rate may vary. Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal plus 1.25%. Rate will not exceed 18% APR. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.

Home Improvement Loan
Home Improvement Loan Type Term
in Years
Annual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
Home Improvement Loan
(133% LTV)
Fixed
(min. $7,500 / max. $25,000)
10 yrs 5.50% APR 4 $10.86
Home Improvement Loan
(133% LTV)
Fixed
(min. $7,500 / max. $25,000)
20 yrs 7.00% APR 5 $7.76

4 Owner Occupied Home Improvement Loan. Home Improvement Loans may be approved for up to one hundred and thirty-three (133) percent of the appraised value of the real estate. Maximum dollar amount is $175,000. Property Insurance is required in an amount equal to or greater than the amount of the approved loan. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. The Consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.

5 Owner Occupied Home Improvement Loan. Home Improvement Loans may be approved for up to one hundred and thirty-three (133) percent of the appraised value of the real estate. Maximum dollar amount is $175,000. Property Insurance is required in an amount equal to or greater than the amount of the approved loan. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. The Consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.

Fixed Rate Home Equity Loan
Fixed Rate
Home Equity Loan
Type Term
in Years
Annual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
Fixed Rate
Home Equity Loan (80% LTV)
Fixed Rate
(minimum $7,500)
5 yrs 3.99% APR 6 $1,841.25
Fixed Rate
Home Equity Loan (80% LTV)
Fixed Rate
(minimum $7,500)
10 yrs 4.50% APR 6 $1,036.47
Fixed Rate
Home Equity Loan (80% LTV)
Fixed Rate
(minimum $7,500)
15 yrs 5.00% APR 6 $790.87
Fixed Rate
Home Equity Loan (80% LTV)
Fixed Rate
(minimum $7,500)
20 yrs 5.99% APR 6 $715.93
LGP Fixed Rate
Home Equity Loan (100% LTV)
Fixed Rate
(minimum $7,500)
5 yrs 5.24% APR 7 $1,898.20
LGP Fixed Rate
Home Equity Loan (100% LTV)
Fixed Rate
(minimum $7,500)
10 yrs 5.75% APR 7 $1,097.81
LGP Fixed Rate
Home Equity Loan (100% LTV)
Fixed Rate
(minimum $7,500)
15 yrs 6.25% APR 7 $857.52
LGP Fixed Rate
Home Equity Loan (100% LTV)
Fixed Rate
(minimum $7,500)
20 yrs 7.24% APR 7 $789.87

6 Owner Occupied Fixed Rate Home Equity Loan. Fixed Rate Home Equity Loans may be approved for up to eighty (80) percent of the appraised value of the real estate. Minimum dollar amount is $7,500.00. Maximum dollar amount up to $175,000.00. Property Insurance is required in an amount equal to or greater than the amount of the approved loan. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.

7 Owner Occupied Fixed Rate Home Equity Loan. LGP Fixed Rate Home Equity Loans may be approved up to one hundred (100) percent of the appraised value of the real estate. Minimum dollar amount is $7,500.00. Maximum dollar amount up to $175,000.00. Property Insurance is required in an amount equal to or greater than the amount of the approved loan. Fees may range from $0 to $800.00. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.