Our 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 |
up to 60 | as low as 11.00% * | $22.63 |
| New Boat Loan | New 30% down required; Pleasure crafts only |
up to 60 | as low as 10.00% * | $22.11 |
| Used Boat Loan | Used 50% down required; Pleasure crafts only |
up to 60 | as low as 11.00% * | $22.63 |
| Shared Secure Loan | Share Secured Loan | 144 | 3.02% *** | $9.67 |
| New Auto Loan | 2019, 2018, 2017 model yrs; 100% financing available |
24 | as low as 3.49% ** | $44.75 |
| New Auto Loan | 2019, 2018, 2017 model yrs; 100% financing available |
36 | as low as 3.49% ** | $30.46 |
| New Auto Loan | 2019, 2018, 2017 model yrs; 100% financing available |
48 | as low as 3.74% ** | $23.44 |
| New Auto Loan | 2019, 2018, 2017 model yrs; 100% financing available |
60 | as low as 3.99% ** | $19.27 |
| New Auto Loan | 2019, 2018, 2017 model yrs; 100% financing available |
72 | as low as 4.24% ** | $19.39 |
| Used Auto Loan | 2009 up to 2016 model yrs; 100% financing available |
60 | as low as 4.24% ** | $19.39 |
| Used Auto Loan | 2009 up to 2016 model yrs; 100% financing available |
48 | as low as 3.99% ** | $23.55 |
| Used Auto Loan | 2009 up to 2016 model yrs; 100% financing available |
36 | as low as 3.74% ** | $30.57 |
| Used Auto Loan | 2009 up to 2016 model yrs; 100% financing available |
24 | as low as 3.74% ** | $44.87 |
| Used Auto Loan | 2008 or older model yrs; 100% financing available |
60 | as low as 7.99% ** | $21.21 |
| Used Auto Loan | 2008 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 4.74% **** | $19.63 |
| Motorcycle Loan | 2019, 2018, 2017 model years | 36 | as low as 3.74% ** | $30.57 |
| Motorcycle Loan | 2019, 2018, 2017 model years | 48 | as low as 3.74% ** | $23.44 |
| Motorcycle Loan | 2019, 2018, 2017 model years | 60 | as low as 4.24% ** | $19.39 |
| Motorcycle Loan | 2019, 2018, 2017 model years | 72 | as low as 4.74% ** | $16.79 |
| Used Motorcycle Loan | 2009 up to 2016 model years | 36 | as low as 4.99% ** | $31.15 |
| Used Motorcycle Loan | 2009 up to 2016 model years | 48 | as low as 4.99% ** | $24.02 |
| Used Motorcycle Loan | 2009 up to 2016 model years | 60 | as low as 5.49% ** | $19.99 |
| Used Motorcycle Loan | Older than 2009 with special approval |
60 | as low as 7.99% ** | $25.46 |
+ 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 Mortgage | Type | Term in Years |
Annual Percentage Rate (APR) |
Estimated monthly payment per $100,000 |
|---|---|---|---|---|
| 1st Mortgage | Fixed Rate | 30 yrs | 4.875% + 0 points 1 | $529.21 |
| 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.
| 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 |
5.25% APR 2 | 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.
| 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 5 | $1,841.25 |
| Fixed Rate Home Equity Loan (80% LTV) |
Fixed Rate (minimum $7,500) |
10 yrs | 4.50% APR 5 | $1,036.47 |
| Fixed Rate Home Equity Loan (80% LTV) |
Fixed Rate (minimum $7,500) |
15 yrs | 5.00% APR 5 | $790.87 |
| Fixed Rate Home Equity Loan (80% LTV) |
Fixed Rate (minimum $7,500) |
20 yrs | 5.99% APR 5 | $715.93 |
5 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.
January 2, 2019.
All rates are subject to change.