Consumer Loan Rates

Effective as of 10/23/2017
Rates subject to change without notice

Home Equity Loans

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 $300,000. 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.) Learn more

Annual Percentage RateMax. TermPayment per $1,000
3.24%60 months$18.08
3.74%120 months$10.01
3.99%180 months$7.40
4.75%240 months$6.46

Home Equity Line of Credit

Rate equals Prime plus 0% for life of loan with no minimum rate.

(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 $300,000, the maximum LTV is 80%. No application fees. Available only for owner occupied 1-2 family primary residence. (Registry recording fees will apply)  Learn more

Home Improvement Loans

Fixed 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. Rate reduced 1/4% on all home improvement loans with automatic loan payment from MFS&LA deposit account. Learn more

Annual Percentage RateMax. TermPayment per $1,000
5.24%240 months$6.73

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. Learn more

DescriptionYearAnnual
Percentage Rate
Max. TermPayment
per $1,000
New Vehicle*2017/20162.99%60 months$17.96
3.74%72 months$15.53
Used Vehicle*20164.50%60 months$18.64
20154.50%54 months$20.49
20144.50%48 months$22.80
20134.50%42 months$25.78
20124.50%36 months$29.75
2011/20104.50%24 months$43.65

Personal Loans

Adjustable rate loan shown. Rate for adjustable personal loans may increase after first year. Rate reduced 1/4% on all personal loans with automatic loan payment from MFS&LA deposit account. Learn more

DescriptionAnnual
Percentage Rate
AmountMax. TermPayment
per $1,000
Unsecured Personal Loan12.00%up to $5,00036$33.21
12.00%up to $15,00060$22.24

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