LOAN RATE SHEET
Rates are current as of

August 1, 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 Credit Card

Consolidation Loan
(Maximum $10,000)

As Low As
5.50%**

$23.26

As Low As

5.25% *

Up to 48 months

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

 Loan to Value up to 80% of Appraised Value. Minimum $10,000 - Maximum $175,000

Heat Loan

Annual Percentage Rate
(APR)**

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

Limited Loan Amount

Term

Heat Loan

0.00%

$11.91

Minimum loan amount is $2,000.00 to Maximum loan amount is $25,000.00

Up to 84 months

 

Equity Programs 1

Annual Percentage Rate
(APR)**

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

APR with Direct Pay*

Term

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

Spcial 5 Yr Fixed Home Equity1

As Low As

2.24%**

$17.53

As Low As

1.99%*

5 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 Rates are determined by individual credit worthiness. Rates quoted for members with the best credit score. Additional rates and terms subject to change without notice. Some restrictions may apply.
1 Appraisal fee required.
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 your Credit Score and credit history. Rates are quoted for members with best credit score.