LOAN RATE SHEET
Rates are current as of

April 14, 2014

 

Loan Account Type

Annual Percentage Rate
(APR)

Monthly Payment
per $1000
(Based on longest term & Direct Pay APR)

APR wtth Direct Pay*

Term

Unsecured
(Maximum $15,000)

As Low As
8.00%**

$24.32

As Low As

7.75% **

Up to 48 months

Bonus Rewards Cedit Card

To Apply: visit www.FRMCU.com or stop in any of our conveniently located branch offices located in Fall River, Assonet, Swansea or Lakeville.

Revolving

Fully Secured
(Maximum $40,000)

3% over collateral pledged

New Auto
(2014 - 2013)

As Low As
3.24%**

$15.20

As Low As

2.99% **

Up to 72 months

Used Auto
(2013 and older)

As Low As
3.24%**


$17.98

As Low As

2.99% **


Up to 60 months

Recreational Vehicles
New/Used
(Maximum $50,000)

As Low As

7.50%**

$10.44

As Low As

7.25%**

Up to 144 months

Boats
New/Used

 

As Low As

7.50%**

$10.44

As Low As

7.25%**

Up to 144 months

Motorcycle

New (2014-2013)
Used (2012-2004)

As Low As

5.65%**
5.65%**

 

$19.06
$23.22

As Low As

5.40%**
5.40%**

 

Up to 60 months
Up to 48 months

Overdraft Protection

As Low As

8.25%

N/A

N/A

Minimum loan $500

Maximum $1000

 

Equity Programs 1

Annual Percentage Rate
(APR)***

Monthly Payment
per $1000
(Based on longest term & Direct Pay APR)

APR with Direct Pay*

Term

Loan to value up to 80% of Appraised Value***    Minimum $10,000   Maximum $175,000

FREEDOM FIRST
HOME EQUITY LOAN
1,2

As Low as

3.24%**

$17.98

As Low As

2.99% **

5 Years

FREEDOM FIRST
HOME EQUITY LOAN
1,2

As Low As
3.99 % **

$10.02

As Low As

3.74% **

10 Years

FREEDOM FIRST
HOME EQUITY LOAN
1,2

As Low As
3.99 % **

$7.28

As Low As

3.74% **

15 Years

Fixed Rate Home Equity Loan

As low as
4.24% **

$18.41

As low as
3.99% **

5 Years

As low as
4.999% **

$10.48

As low as
4.740% **

10 Years

As low as
4.990% **

$7.77

As low as
4.740% **

15 Years

Variable Equity Line of Credit

Prime Rate
Prime Rate is currently 3.25%. Based on Wall Street Journal Prime Rate as published the last day of the month. Floor of 3.250% with a maximum of 18%.

15 Years
(5 year draw period
10 year repayment)

Financing available for Investment Property.
Please contact the Credit Union for details.

 

MEMBER BUSINESS LOANS***

If you are looking to improve or refinance/purchase multifamily property we have the solutions you can use. We offer a variety of competitively priced Member Business Loan Products for your Multifamily. Rates & Terms are subject to credit quality review. Contact us at Fall River Municipal Credit Union for additional information.

 

24-Hour Lending Hotline: 866-281-1964

NMLS ID# 410816

 

* Direct Pay rate reflects discount for automatic repayment made from your FRMCU Checking Account, and may change if direct pay is canceled.
** Annual Percentage Rate(s) subject to change without notice.
*** Some restrictions apply.
1 Appraisal fee required. Appraisal costs range from $189.00 to $525.00
2 FRMCU must be in 1st lien position. Property must be an owner-occupied 1-4 Family dwelling. Annual Percentage Rate will be determined by individual credit worthiness.