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%‡

$86.88

Vacation Loan

maximum $5,000

12 to 24

as low as 3.75%†

$85.38

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

2017, 2016, 2015 model yrs; 100% financing available

24

as low as 1.74%**

 $43.74

New Auto Loan

2017, 2016, 2015 model yrs; 100% financing available

36

as low as 1.99%**

 $29.63

New Auto Loan

2017, 2016, 2015 model yrs; 100% financing available

48

as low as 2.24%**

 $22.64

New Auto Loan

2017, 2016, 2015 model yrs; 100% financing available

60

as low as 2.49%**

 $18.49

New Auto Loan

2017, 2016, 2015 model yrs; 100% financing available

72

as low as 2.99%**

 $15.88

Used Auto Loan

2007 up to 2014 model yrs; 100% financing available

60

as low as 2.74%**

 $18.60

Used Auto Loan

2007 up to 2014 model yrs; 100% financing available

48

as low as 2.24%**

 $22.64

Used Auto Loan

2007 up to 2014 model yrs; 100% financing available

36

as low as 2.24%**

 $29.74

Used Auto Loan

2007 up to 2014 model yrs; 100% financing available

24

as low as 1.99%**

 $43.85

Used Auto Loan

2006 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

2017, 2016, 2015 model years

36

as low as 2.99%**

 $30.08

Motorcycle Loan

2017, 2016, 2015 model years

48

as low as 3.24%**

 $23.09

Motorcycle Loan

2017, 2016, 2015 model years

60

as low as 3.49%**

 $18.95

Motorcycle Loan

2017, 2016, 2015 model years

72

as low as 3.99%**

 $16.35

Used Motorcycle Loan

2007 up to 2014 model years

36

as low as 3.99%**

 $30.54

Used Motorcycle Loan

2007 up to 2014 model years

48

as low as 4.24%**

 $23.55

Used Motorcycle Loan

2007 up to 2014 model years

60

as low as 4.74%**

 $19.53

Used Motorcycle Loan

Older than 2007 with special approval

60

as low as 7.49%**

 $25.09

 

Personal Loan. Estimated monthly payment of $85.94 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.

 

† Vacation Loan. Estimated monthly payment of $85.38 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.

 

‡‡ Winter Loan. Estimated monthly payment of $85.38 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

4.000% + 0 points1

 $477.42

1st Mortgage

Fixed Rate

20 yrs

3.500% + 0 points1

 $579.96

1st Mortgage

Fixed Rate

15 yrs

3.125% + 0 points1

 $696.61

1st Mortgage

Fixed Rate

10 yrs

3.000% + 0 points1

 $965.61

1st Mortgage

Fixed Rate

5 yrs

2.750% + 0 points1

 $1,785.85

 

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 $450,000.00. 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

3.75% APR2

n/a

LGP Home Equity Line of Credit (100% LTV)

Adjustable Rate

10 year draw; 10 year repay

5.25% APR3

 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. Prime Rate currently 4.00%.


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. Prime Rate currently 4.00%.

 

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

9.00% APR4

 $12.67

 

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 $25,000. 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

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

2.750% APR5

 $1,785.76

Fixed Rate Home Equity Loan (80% LTV)

Fixed Rate (minimum $7,500)

10 yrs

3.250% APR5

 $977.18

Fixed Rate Home Equity Loan (80% LTV)

Fixed Rate (minimum $7,500)

15 yrs

3.750% APR5

 $727.21

Fixed Rate Home Equity Loan (80% LTV)

Fixed Rate (minimum $7,500)

20 yrs

4.500% APR5

 $632.60

LGP Fixed Rate Home Equity Loan (100% LTV)

Fixed Rate (minimum $7,500)

5 yrs

4.000% APR6

 $1,841.62

LGP Fixed Rate Home Equity Loan (100% LTV)

Fixed Rate (minimum $7,500)

10 yrs

4.500% APR6

 $1,036.37

LGP Fixed Rate Home Equity Loan (100% LTV)

Fixed Rate (minimum $7,500)

15 yrs

5.000% APR6

 $790.78

LGP Fixed Rate Home Equity Loan (100% LTV)

Fixed Rate (minimum $7,500)

20 yrs

6.000% APR6

 $716.36

 

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.

6 Owner Occupied LGP 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.


Rates effective as of May 17, 2017.

All rates are subject to change.