Consumer Loan Rates
Effective as of 10/2/2023
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 | 6.625% | $19.63 |
| 120 months | 6.99% | $11.61 |
| 180 months | 7.25% | $ 9.13 |
| 240 months | 7.625% | $ 8.14 |
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* | 6.50% | $19.57 |
| 72 months | 7.50% | $17.30 | |
| Used Vehicle 2023 | 60 months | 7.50% | $20.04 |
| 2022 | 54 months | 7.50% | $21.88 |
| 2021 | 48 months | 7.50% | $24.18 |
| 2020 | 42 months | 7.50% | $27.15 |
| 2019 | 36 months | 7.50% | $31.11 |
| 2018/2017 | 24 months | 7.50% | $45.00 |
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 | |
