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Consumer Loan RatesEffective as of 7/30/10(subject to change without notice;lending
area limited to MA,RI and Northern CT)
Home Equity Loan
Combination of first mortgage with equity loan may not exceed $500,000 to qualify for rates below, the maximum LTV is 80%. Maximum loan amount is $250,000. No application or processing fees. Rate reduced 1/4% on all equity loans with automatic loan payment from MFS&LA deposit account. Available only for owner occupied 1-2 family residence.(Registry recording fees will apply.)
Annual
Percentage
Rate
Max. Term |
Payment
per $1,000 | |
4.75% |
60 months |
$18.76 | |
5.24% |
120 months |
$10.72 | |
5.875% |
180 months |
$ 8.37 | |
6.24% |
240 months |
$ 7.30 | |
Home Equity Line of Credit
Rate equals Prime plus 0% for life of loan with a minimum rate of 4%.
(Rate subject to change after origination)
Combination of first mortgage with equity line may not exceed $500,000 to qualify for rates above, maximum loan amount is $250,000, the maximum LTV is 80%. No application fees. Available only for owner occupied 1-2 family primary residence.(Registry recording fees will apply.)
Home Improvement Loans
5/5 Adjustable rate home improvement loans.
Secured 1 family, maximum loan $50,000, maximum term 20 years.
Secured 2-4 family, maximum loan $50,000, maximum term 15 years.
Unsecured home improvement loan, maximum loan $5,000, maximum term 5 years.
Home Improvement loans in excess of 80% LTV must be board approved. Rate reduced 1/4% on all home improvement loans with automatic loan payment from MFS&LA deposit account.
Annual
Percentage
Rate
Max. Term |
Payment
per $1,000 | | |
6.50% |
240 months |
$7.46 |
Motor Vehicle Loans
Fixed rates shown below. Annual adjustable rate loans available at 1/2% below. Rate for adjustable motor vehicle loan may increase after first year. Rates reduced 1/4% on all motor vehicle loans with automatic loan payment from MFS&LA deposit account.
Description
Year
Annual
Percentage
Rate Max. Term |
Payment
per $1,000 | | | | |
New Vehicle* |
2010/2009 |
5.50% |
48 months |
$23.26 | - | - |
5.24% |
60 months |
$18.98 | - | - |
5.50% |
72 months |
$16.34 | | -
Used Vehicle** |
2009 |
6.50% |
60 months |
$ 19.57 | | - |
2008 |
6.50% |
54 months |
$ 21.41 | | - |
2007 |
6.50% |
48 months |
$ 23.72 | | - |
2006 |
6.50% |
42 months |
$ 26.69 | | - |
2005 |
6.50% |
36 months |
$ 30.65 | | - |
2004/2003 |
6.50% |
24 months |
$ 44.55 |
*Minimum down payment 25% of sticker price
100% financing available at 1% higher with minimum FICO score of 720.
**Minimum down payment $1,000 or equivalent trade in
Personal Unsecured Loans
Maximum loan amount $10,000 for 5 years.Adjustable Rate may increase after first year
Rate reduced 1/4% on all personal loans with automatic loan payment from MFS&LA deposit account.
Annual
Percentage
Rate
Max. Term |
Payment
per $1,000 | | |
12.00% |
36 months |
$33.21 |
Stock Secured Loans
Maximum loan 75% of current listed value
Annual
Percentage
Rate
Max. Term |
Payment
per $1,000 | | |
8.00% |
120 months |
$12.10 |
Other Rate Pages: Mortgage Loans,
Deposits
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