Consumer Loan Rates
Effective as of 3/1/2024
Rates subject to change without notice. All loans are subject to credit and underwriting approval.
Home Equity Loans | ||
Combination of first mortgage with equity loan may not exceed $750,000 to qualify for rates below, the maximum LTV is 80%. Maximum loan amount is $300,000. No application or processing or membership fees. Rate reduced 1/4% on all equity loans with automatic loan payment from MFB deposit account. Available only for owner occupied 1-2 family residence. (Registry recording fees will apply.) | ||
Max. Term | Annual Percentage Rate | Payment per $1,000 |
60 months | 7.125% | $19.87 |
120 months | 7.50% | $11.88 |
180 months | 7.750% | $ 9.42 |
240 months | 8.125% | $ 8.45 |
Home Equity Line of Credit
Rate equals Prime minus 0.50% for life of loan. Minimum rate is 4% APR. Maximum rate is 18% APR (Rate subject to change after origination). Combination of first mortgage with equity line may not exceed $750,000, maximum loan amount is $300,000, the maximum LTV is 80%. No application or membership fees. Available only for owner occupied 1-2 family primary residence. (Registry recording fees will apply.)
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 MFB deposit account. | ||
Max. Term | Annual Percentage Rate | Payment per $1,000 |
240 months | 8.50% | $8.68 |
Motor Vehicle Loans | |||
Fixed rates shown below. Adjustable rate loans, adjusted annually are available at 1/2% below the fixed rate. Rate for adjustable motor vehicle loan may increase after first year. Rates reduced 1/4% on most motor vehicle loans with automatic loan payment from MFB deposit account. *60 Month New Vehicle rate not eligible for automatic payment reduction. |
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Year | Max. Term | Annual | Payment |
New Vehicle 2023/2024 | 60 months* | 7.00% | $19.81 |
72 months | 7.75% | $17.42 | |
Used Vehicle 2023 | 60 months | 7.50% | $20.04 |
2022 | 54 months | 7.50% | $21.88 |
2021 | 48 months | 8.00% | $24.42 |
2020 | 42 months | 8.00% | $27.38 |
2019 | 36 months | 8.00% | $31.34 |
2018/2017 | 24 months | 8.00% | $45.23 |
Personal Loans | ||||
Fixed rates shown. Rate reduced 1/4% on all personal loans with automatic loan payment from MFB deposit account. | ||||
Unsecured Personal Loan | Max. Term | Amount | Annual | Payment |
36 months | up to $5,000 | 14.00% | $34.18 | |
60 months | up to $15,000 | 14.00% | $23.27 |