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Loan Rates

All Rates and Terms are subject to change without notice.

Personal Loans

Term (in Months)
Payment Per $1,000*
Credit Card Rewrite 8.99%  48 $24.88
Vacation/Holiday 7.49% 18 $58.91
Personal Unsecured 8.99% 48 $24.88
Lifestyle 7.80% 30 $36.80

+APR= Annual Percentage Rate. *Qualification restrictions apply. Rates shown are lowest rate. Other rates and terms are available. Rate, term and approval based on credit worthiness.

New and Used Auto, and Motorcycle Loans

Payment Per $1,000*
Payment Per $1,000
Payment Per $1,000
< 25K miles
48 2.49%* $21.91 60 2.74%* $17.86 72 3.24%* $15.31
> 25K miles
48 2.49%* $21.91 60 3.49%* $18.19 72 4.24%* $15.76

2012 or Older

48 8.74%* $24.76 60 N/A N/A 72 N/A N/A

+APR= Annual Percentage Rate. Maximum term for new auto and motorcycle loans is 72 months. *APR includes a .25% discount for Auto Loan Payments or Direct Deposit. Qualification restrictions apply. Rates shown are lowest rate. Rate, term and approval based on credit worthiness.

First Mortgages

View fixed or adjustable rate options.

Home Equity Lines of Credit

Interest Rate APR+ Term Payment Per $1,000**
Intro Rate 1.75% for 6 months then Prime minus 0.75%* 1.75% for first 6 months then 4.50%* 10 Year Draw/ 15 Year Repayment $3.75 (Interest Only Period) $7.65(Repayment Period)

+APR= Annual Percentage Rate. *1.75% Annual Percentage Rate (APR) is an introductory rate for the first six months. After the introductory period, rate on the outstanding balances will revert to Prime Rate as published in the Wall Street Journal on the first day of the calendar month minus (-) 0.75%. Prime rate as of 8/01/2019 is 5.25%. The APR may vary monthly. Minimum rate 2.50% and maximum rate 18.00%. 10 year draw period. 15 year repayment period. Minimum $10,000 draw at closing and $1,000 advances thereafter. 80% combined LTV to $200,000 (</=70% LTV $300,000). Proof of adequate property insurance required and Flood Insurance may also be required. Subject to credit approval. Other terms and restrictions apply including 620 minimum credit score. Offer subject to change without notice. ** Payment per thousand based on minimum rate after introductory period.

Fixed Rate Home Equity Loans

  Points Interest Rate APR+ Payment Per $1,000*
5 Year Fixed Rate 0 4.750% 4.75% $18.76
10 Year Fixed Rate 0 5.000% 5.00% $10.61
15 Year Fixed Rate 0 5.500% 5.50% $8.17
20 Year Fixed Rate 0 6.000% 6.00% $7.16

+APR= Annual Percentage Rate. Rates are based on annual percentage rate. Qualification restrictions apply. *Payments do not include taxes & insurance, as result your payment may be greater. Your payment may be greater if the loan is secured by a first lien. Property insurance is required and Flood insurance may also be required.

Please contact Mass Bay Credit Union for your individual rate quote.

Current Rates - Effective August 1, 2019

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