We provide lower fees and better rates and for all of our products! Feel free to check out New Bedford Credit Union’s current loan rates.

Rates effective as of August 15, 2022. All rates are subject to change.

Prime Rate currently 5.50%.

Type of LoanDescriptionTerm in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
No Fuss Loan SpecialMaximum $5,00012 to 36as low as 3.75% *$85.04
Personal LoanMaximum $15,00012 to 60as low as 7.00% 1$86.87
Share Secured LoanShare Secured Loan1443.02% 2$9.67
Personal and Share Secured Loans
  • (1) Personal Loan. Estimated monthly payment of $86.88 per $1,000.00 borrowed, for a 12 month term, which includes single life insurance. * Estimated monthly payment of $85.04 per $1,000.00 borrowed, for a 12 month term. 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.
  • (2) Share Secured Loan is secured by Money Market Account or Term Certificate 3.00% higher than rate.
Automobile Loan (100% financing available)Term in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
New Auto – 2022, 2021, 2020 models24as low as 2.90%*$44.48
New Auto – 2022, 2021, 2020 models 36as low as 2.90%*$30.19
New Auto – 2022, 2021, 2020 models48as low as 2.90%*$23.05
New Auto – 2022, 2021, 2020 models60as low as 2.90%**$18.77
New Auto – 2022, 2021, 2020 models75as low as 3.25%**$15.51
New Auto – 2022, 2021, 2020 models84as low as 3.25%**$14.05
New Auto (2022 – 2020)
  • 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.
Automobile Loan (100% financing available)Term in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
Used Auto – 2019 – 2017 models24as low as 2.90%$44.48
Used Auto – 2019 – 2017 models36as low as 2.90%$30.19
Used Auto – 2019 – 2017 models48as low as 2.90% $23.05
Used Auto – 2019 – 2017 models60as low as 2.90%$18.77
Used Auto – 2019 – 2017 models75as low as 3.25%$15.51
Used Auto (2019 – 2017)
  • 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.
Automobile Loan (100% financing available)Term in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
Used Auto – 2016 – 2012 models24as low as 4.25%$45.10
Used Auto – 2016 – 2012 models36as low as 4.25%$30.81
Used Auto – 2016 – 2012 models48as low as 4.25% $23.67
Used Auto – 2016 – 2012 models60as low as 4.25%$19.40
Used Auto (2016 – 2012)
  • 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.
Automobile Loan (100% financing available)Term in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
Used Auto – 2011 or older models48as low as 7.49%$25.21
Used Auto – 2011 or older models60as low as 8.49%$21.46
Classic Auto (Maximum $65,000)75as low as 5.99%$16.34
Used Auto (older than 10 years)
  • 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.
Type of LoanDescriptionTerm in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
New Motorcycle2022, 2021, 2020 models36as low as 4.75% 1$31.04
New Motorcycle2022, 2021, 2020 models48as low as 4.75% 1$23.91
New Motorcycle2022, 2021, 2020 models60as low as 5.25% 1$19.87
New Motorcycle2022, 2021, 2020 models75as low as 5.75% 1$16.71
New Motorcycle2022, 2021, 2020 models84as low as 5.99% 1$15.38
Used Motorcycle2019 to 2012 model36as low as 5.99% 1$31.62
Used Motorcycle2019 to 2012 model48as low as 5.99% 1$24.49
Used Motorcycle2019 to 2012 model60as low as 6.49% 1$20.47
Used Motorcycle2019 to 2012 model75as low as 6.99% 1$17.33
Used Motorcycle (requires special approval)Older than 2021 models48as low as 8.99% 1$25.95
Motorcycle Loans
  • (1) 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.
Type of LoanDescriptionTerm in MonthsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $1,000
New R.V. Camper – 2022 do 2020Certificate of Title or UCC-1 Financing Statement Requiredup to 84as low as 3.125% 1$13.99
Used R.V. Camper – 2019 to 2017Certificate of Title or UCC-1 Financing Statement Requiredup to 75as low as 3.250% 1$15.51
New Boat – 2022 to 2020Pleasure crafts onlyup to 84as low as 3.125% 1$13.99
Used Boat – 2019 to 2017Pleasure crafts onlyup to 75as low as 3.250% 1$15.51
R.V. Camper and Boat Loans
  • (1) 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.
1st MortgageTypeTerm in YearsRateAnnual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
1st MortgageFixed Rate305.250%5.406% + 0 points 1$552.20
1st MortgageFixed Rate305.125%5.367% + 1 point 1$544.49
1st MortgageFixed Rate205.000%5.208% + 0 points 1$659.96
1st MortgageFixed Rate154.500%4.761% + 0 points 1$764.99
1st MortgageFixed Rate154.375%4.782% + 1 point 1$758.62
1st MortgageFixed Rate104.375%4.749% + 0 points 1$1,030.37
1st MortgageFixed Rate54.250%4.963% + 0 points 1$1852.96
1st Mortgage Loans
  • (1) Fixed Rate First Mortgage. The Annual Percentage rates listed above are each subject to change at any time and are not guaranteed until a mortgage contract is executed. Rates exclude refinance. Property must be Owner Occupied, one to four family. Maximum dollar amount up to $700,000. The tax service fee is $90. The underwriting fee is $400. The appraisal fee is up to $600. Payments do not include taxes or insurance. Actual payment obligation will be greater. To qualify for the advertised rates above, a credit score above 680 is required. Rates are based on single family, owner occupied residence. Contact a loan representative for additional information on rates and fees.
Home Equity Line of CreditTypeTerm in YearsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
Home Equity Line of Credit (80% LTV)Adjustable Rate10 year draw;
10 year repay
5.25% APR 1n/a
Home Equity Line of Credit
  • (1) 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
TypeTerm in YearsAnnual Percentage
Rate (APR)
Estimated monthly
payment per $100,000
Fixed Rate Home Equity Loan (80% LTV)Fixed Rate
(minimum $7,500)
54.500% APR 1$1,864.49
Fixed Rate Home Equity Loan (80% LTV)Fixed Rate
(minimum $7,500)
104.750% APR 1$1,048.59
Fixed Rate Home Equity Loan (80% LTV)Fixed Rate
(minimum $7,500)
155.250% APR 1$765.03
Fixed Rate Home Equity Loan (80% LTV)Fixed Rate
(minimum $7,500)
206.500% APR 1$745.61
Home Equity Loans
  • (1) 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.