Consumer Loan Rates

Effective as of 10/3/2022

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 $500,000 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.)

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Max. Term

Annual Percentage Rate

Payment per $1,000

60 months4.125%$18.48
120 months4.375%$10.31
180 months4.75%$7.78
240 months5.00%$6.60

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 $500,000, 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.)

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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.

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Max. Term

Annual Percentage Rate

Payment per $1,000

240 months5.24%$6.74

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
Percentage Rate

Payment
per $1,000

New Vehicle
2022/2023
60 months*3.00%$17.97
72 months3.74%$15.53
Used Vehicle
2022
60 months4.50%$18.65
202154 months4.50%$20.49
202048 months4.50%$22.81
201942 months4.50%$25.78
201836 months4.50%$29.75
2017/201624 months4.50%$43.65

Personal Loans

Fixed rates shown. Rate reduced 1/4% on all personal loans with automatic loan payment from MFB deposit account.

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Unsecured Personal Loan

Max. Term

Amount

Annual
Percentage Rate

Payment
per $1,000

36 monthsup to $5,00012.00%$33.22
60 monthsup to $15,00012.00%$22.25