| Loan Rates | May 1, 2013 | ||
| Products | Max. Term | A.P.R.* | Monthly cost per $1,000 Borrowed |
| New Auto or Motorcycle (max. borrowed $50,000)+ | |||
| - 20% down payment | 7 yrs. | 2.50% | 12.99 |
| - 10% to 19% down payment | 7 yrs. | 2.75% | 13.10 |
| - 0% to 9% down payment | 7 yrs. | 3.00% | 13.21 |
| Used Auto or Motorcycle (max. borrowed $40,000)+ | 6 yrs. | 4.00% | 15.65 |
| RV - New (max. borrowed $50,000) | 10 Yrs. | 7.25% | 11.74 |
| RV - Used (max. borrowed $40,000) | 10 Yrs. | 7.50% | 11.87 |
| Personal Loans (max. borrowed $20,000)++ | 8 yrs. | 5.99% | 13.14 |
|
8 yrs. |
8.99% |
14.65 | |
|
8 yrs. |
11.99% |
16.25 | |
|
8 yrs. |
13.99% |
17.37 | |
|
8 yrs. |
15.99% |
18.52 | |
| Tuition Loan (max. borrowed $25,000) | 8 yrs. | 7.50% | 13.88 |
| Secured Loans - Secured by Main Share Account | 3.25% |
A | |
| Home Improvement Loans (max. borrowed $50,000)+++ |
15 yrs. |
4.99% |
7.90 |
| Energy Loans (max. borrowed $5,000) |
12 months |
5.99% |
86.06 |
| Vacation Loan (max. borrowed $2,000) |
12 months |
8.99% |
87.45 |
| Back to School Loan (max. borrowed $2,000) |
12 months |
8.99% |
87.45 |
| Holiday Loan (max. borrowed $2,000) | 12 months |
8.99% |
87.45 |
* A.P.R. = Annual Percentage Rate.
+Other rates available based on shorter term financing and credit score. Annual Percentage Rate is based on member's current credit rating. Please contact a Loan Representative at 617-635-4545 for more information.
++ Annual Percentage Rate is based on member's current credit rating. Rate will be reduced by 100 basis points per year if member makes twelve consecutive months of payments on time. Floor rate is 5.99% APR. If any payment after the rate reduction is 60 days or more overdue, rate will revert back to the original loan rate. If loan is re-written rate is based upon member's current credit score.
+++Annual Percentage Rate is based on member's current credit rating and automatic payment deduction. Other rates available based on term and credit score.
A - This payment would be dependent upon the term of the loan.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
|
MORTGAGES - NO POINTS! (call for rates on 2nd homes and "jumbo" mortgages)** | |||
| Products | Term | A.P.R.* | Monthly cost per $1,000 Borrowed |
| 5/25 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]*** | 30 Years | 3.000% | |
| 60 months at $4.22 per $1,000 and 300 months at $4.27 per $1,000 | |||
| 7/23 Year ARM (Adjustable Rate) {2 step fixed rate} [cap:4%]*** | 30 Years | 3.250% | |
| 84 months at $4.35 per $1,000 and 276 months at $4.41 per $1,000 | |||
| 10 Year Fixed Rate | 2.750% | 9.54 | |
| 15 Year Fixed Rate | 3.000% | 6.91 | |
| 20 Year Fixed Rate | 3.500% | 5.80 | |
| 30 Year Fixed Rate | 3.625% | 4.56 | |
| 35 Year Fixed Rate | 4.750% | 4.89 | |
Mortgages exceeding 80% LTV will result in a higher annual percentage rate.
* A.P.R. = Annual Percentage Rate.
**For Mortgage rates on owner occupied second homes add 0.25%. The borrower is required to maintain property insurance coverage as a condition of the loan. "Jumbo" morgages - for mortgage amounts exceeding conforming loan limits add 0.50%.
***ARM = Adjustable Rate Mortage. ARMs and their APRs are adjustable and may change after closing.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
|
EQUITY LOANS & LINES OF CREDIT (max. amount $250,000.00)+ | |||
| Products |
Max. Loan Amount |
A.P.R.* | Monthly cost per $1,000 Borrowed |
| 5 Years Fixed Rate | $250,000 | 5.50% | 19.10 |
| 10 Year Fixed Rate | $250,000 | 5.75% | 10.98 |
| 15 Year Fixed Rate | $250,000 | 6.00% | 8.44 |
| 20 Year Fixed Rate | $250,000 | 6.25% | 7.31 |
| Line of Credit Adjustable @ Prime (4.5% minimum APR)++ | $250,000 | 4.50% | A |
* A.P.R. = Annual Percentage Rate.
+ Online Valuation fee of $25.00 required with a Fixed Equity Loan or Home Equity Line of Credit.
++ This reflects the rate based upon Prime of 3.25% on 4/30/13. Subject to minimum APR up to 4.5%. This rate will change without notice on a monthly basis at the end of each billing cycle. The maximum APR under this plan would be 18.00%. The borrower is required to maintain property insurance coverage as a condition of the loan. Please consult your tax advisor concerning the deductibility of interest paid.
A - This payment would be dependent upon the term of the loan.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
