Consumer Loan Rates
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 Rate | Max. Term | Payment 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 Rate | Max. Term | Payment 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
| Description | Year | Annual Percentage Rate | Max. Term | Payment per $1,000 |
|---|---|---|---|---|
| New Vehicle* | 2017/2016 | 2.99% | 60 months | $17.96 |
| 3.74% | 72 months | $15.53 | ||
| Used Vehicle* | 2016 | 4.50% | 60 months | $18.64 |
| 2015 | 4.50% | 54 months | $20.49 | |
| 2014 | 4.50% | 48 months | $22.80 | |
| 2013 | 4.50% | 42 months | $25.78 | |
| 2012 | 4.50% | 36 months | $29.75 | |
| 2011/2010 | 4.50% | 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
| Description | Annual Percentage Rate | Amount | Max. Term | Payment per $1,000 |
|---|---|---|---|---|
| Unsecured Personal Loan | 12.00% | up to $5,000 | 36 | $33.21 |
| 12.00% | up to $15,000 | 60 | $22.24 |
