Current Lending Rates
MetroWest Community Federal Credit Union is committed to helping individuals in our communities manage their financial needs by offering a wide range of affordable savings and loan products.
Auto Lending Rates
The credit union will only consider a lease buyout application if buying through a dealer.
Auto Loans (2024 - Newer)
| Term | Rate Type | APR* | Maximum Amount | LTV | Disclaimer |
|---|---|---|---|---|---|
| Direct Deposit Auto Pay - Up to 84 Months | Fixed | 5.24% | $70,000.00 | 100% | Estimated payment per $1,000.00 is $14.25 based on 84 months |
| Without Direct Deposit Auto Pay - Up to 84 Months | Fixed | 5.49% | $70,000.00 | 100% | Estimated Payment Per $1,000.00 is $14.37 based on 84 Months |
APR=Annual Percentage Rate.
***See terms and conditions below
Used Auto (Years 2020 – 2023)
| Term | Rate Type | APR* | Maximum Amount | LTV | Disclaimer |
|---|---|---|---|---|---|
| Direct Deposit Auto Pay - Up to 60 months | Fixed | 5.49% | $70,000.00 | 100% | Estimated payment per $1,000.00 is $19.10 based on 60 months |
| Without Direct Deposit Auto Pay - Up to 60 months | Fixed | 5.74% | $70.000.00 | 100% | Estimated payment per $1,000.00 is $19.22 based on 60 months |
| Direct Deposit Auto Pay for 61-84 months | Fixed | 5.99% | $70,000.00 | 100% | Estimated payment per $1,000.00 is $14.61 based on 84 months |
| Without Direct Deposit Auto Pay for 61-84 months | Fixed | 6.24% | $70,000.00 | 100% | Estimated payment per $1,000.00 is $14.73 based on 84 months |
***See terms and conditions below
Years 2020 and newer, we will finance 100% of retail value.
Used Auto (Years 2017 – 2019)
| Term | Rate Type | APR* | Maximum Amount | LTV | Disclaimer |
|---|---|---|---|---|---|
| Direct Deposit Auto Pay - Up to 60 months | Fixed | 6.75% | $70,000.00 | 80% | Estimated payment per $1,000.00 is $19.69 based on 60 months |
| Without Direct Deposit Auto Pay - Up to 60 months | Fixed | 7.00% | $70.000.00 | 80% | Estimated payment per $1,000.00 is $19.81 based on 60 months |
**See Terms and Conditions below
Used Auto (Years 2014 – 2016)
| Term | Rate Type | APR* | LTV | Disclaimer |
|---|---|---|---|---|
| Direct Deposit Auto Pay - Up to 48 months | Fixed | 8.75% | 80% | Estimated payment per $1,000.00 is $24.77 based on 48 months |
| Without Direct Deposit Auto Pay - Up to 48 months | Fixed | 9.00% | 80% | Estimated payment per $1,000.00 is $24.89 based on 48 months |
Older than 2014 considered other collateral)
Years 2014 to 2019, we will finance 80% of retail value.
***See Terms and Conditions below
Motorcycle Loan
| Vehicle Year & Loan Term | Rate Type | APR* | LTV | Disclaimer |
|---|---|---|---|---|
| 2020 - 2025: Up to 72 Months | Fixed | 8.00% | 100% | Estimated Payment per $1,000.00 is $17.54 based on 72 months 7.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $17.42 based on 72 months |
| 2014 - 2019: Up to 48 Months | Fixed | 8.00% | 80% | Estimated Payment per $1,000.00 is $24.42 based on 48 months 7.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $24.31 based on 48 months |
***See Terms and Conditions below
*APR = Annual Percentage Rate
**Motorcycles older than 2014 considered other collateral
Other Collateral Loan – Includes Used Autos, Trucks, and Motorcycles 2013 and older: and all year Boats, Trailers and other recreational vehicles
| Vehicle Year & Loan Term | Rate Type | APR* | Maximum Amount | LTV | Disclaimer |
|---|---|---|---|---|---|
| 2019 or Newer: Up to 72 months | Fixed | 10.00% | $70,000.00 | 100% | Estimated Payment per $1,000.00 is $18.53 based on 72 months. 9.75% APR* with Direct Deposit Autopay; Estimated payment per $1,000.00 is $18.41 based on 72 months. |
| 2018 or Older: Up to 48 months | Fixed | 10.00% | $70.000.00 | 80% | Estimated Payment per $1,000.00 is $25.37 based on 48 months. 9.75% APR* with Direct Deposit Autopay; Estimated payment per $1,000.00 is $25.25 based on 48 months. |
(Maximum Term and LTV varies with the amount of loan and age of collateral; see loan department for details)
*APR = Annual Percentage Rate
Terms and Conditions
Vendor Single Insurance fee of $75.00 on all autos, motorcycles, and other collateral loans
Registry lien fees may apply on refinances
Will finance 100% of the retail loan value for autos, motorcycles, and other collateral for model years 2020 and newer; 80% financing on model years 2019 and older (Gap Insurance available see loan department for details)
Refinancing of current credit union loans is not available for lower rates
Home Equity Loans
Fixed Rate Home Equity Loan ($20,000.00 to $250,000.00)
| Term | Rate | APR* | ***Loan to Value 80% | Payment |
|---|---|---|---|---|
| Up to 60 Months | Fixed | As Low As 5.75% | *Estimated Payments Per $1,000.00 is $19.22 based on 60 Months | Direct Deposit and Autopay required |
| Up to 60 Months | Fixed | As Low As 6.00% | *Estimated Payment Per $1,000.00 is $19.34 based on 60 Months | Over the Counter Payments, No Direct Deposit |
| 61 Months to 120 Months | Fixed | As Low As 6.00% | *Estimated Payment Per $1,000.00 is $11.11 based on 120 Months | Direct Deposit and Autopay required |
| 61 Months to 120 Months | Fixed | As Low As 6.25% | *Estimated Payments Per $1000.00 is $11.23 based on 120 Months | Over the Counter Payments, No Direct Deposit |
| 121 Months to 180 Months | Fixed | As Low As 6.25% | *Estimated Payments Per $1,000.00 is $8.58 based on 180 Months | Direct Deposit and Autopay required |
| 121 Months to 180 Months | Fixed | As Low As 6.50% | *Estimated Payments Per $1,000.00 is $8.72 based on 180 Months | Over the Counter Payments, No Direct Deposit |
Fixed Rate Loan Amount $200,000.00 to $250,000.00 (181 Months to 240 Months)
| Term | Rate | APR* | ***Loan to Value 80% |
|---|---|---|---|
| 181 Months to 240 Months | Fixed | 6.50% | *Estimated Payments per $1,000.00 is $7.46 based on 240 Months with Direct Deposit AutoPay |
| 181 Months to 240 Months | Fixed | 6.75% | *Estimated Payments per $1,000.00 is $7.61 based on 240 Months without Direct Deposit AutoPay |
***Loan To Value is 80%; (.75% added to above rates over 80% LTV and loan may need to qualify for loan guarantee insurance; see loan department for details)
New Loans Only, No Refinances for Lower Rates
Home Equity Loan Line of Credit ($20,000.00 to $125,000.00) Initial advance of $15,000 required
| Term | Rate | Current Rate | ***Loan to Value 80% |
|---|---|---|---|
| Up to 180 Months | Prime minus 0.75% | 6.75% APR* | Up to 80% |
*Variable rate based on index (Prime as published in the Wall Street Journal) and margin and APR* may adjust semi-annually on January 1st and July 1st of each year depending on Index (Prime) and margin
Current prime rate 7.50%; Maximum Rate 16.00%. Minimum/Floor rate 4.75%
(Disclosure with approved application) ** If loan to value is over 80% rate is prime plus 0.00% (zero) or 7.50%, Minimum/Floor 5.50% APR If over 80% Loan to Value. Maximum Rate 16.00%
Reimbursement fee of $650.00 on lines of credit if paid and closed within 36 months.
Loan Origination Fee on all Equity Loans and Lines of Credit of $650.00
See the loan department for details
Rates and fees are subject to change without notice
New loan only, does not apply for existing lines
*APR = Annual Percentage Rate
Other Loans
Unsecured Loan (Personal)
Minimum amount of $750.00 required at application
| Term | Rate Type | APR* | Maximum Amount |
|---|---|---|---|
| Without Direct Deposit AutoPay - Up to 60 Months | Fixed | 11.99% | $7,000.00 Estimated payment per $1,000.00 is $22.24 based on 60 months |
| Direct Deposit AutoPay - Up to 60 Months | Fixed | 11.74% | $7,000.00 Estimated payment per $1,000.00 is $22.12 based on 60 months |
Mini Special Unsecured Loan For a Limited Time
(Minimum Amount $500.00/Maximum Amount $2,500.00)
| Term | Rate Type | APR* | Maximum Amount |
|---|---|---|---|
| TERM UP TO 24 MONTHS | FIXED | RATE 8.99% APR | ESTIMATED PAYMENTS PER $1,000.00 IS $45.70 BASED ON 24 MONTHS |
Unsecured Home Improvement Loan
| Term | Rate Type | *APR | ***Loan Limits | Payments per $1000.00 |
|---|---|---|---|---|
| Up to 72 Months | Fixed | 7.00% | Minimum $5,000.00 / Maximum $10,000.00 | Estimated Payments per $1,000.00 is $17.06 |
| Up to 120 Months | Fixed | 7.00% | Minimum $10,001.00 / Maximum $15,000.00 | Estimated Payments per $1,000.00 is $11.62 |
| Up to 180 Months | Fixed | 7.00% | Minimum $15,001.00 / Maximum $25,000.00 | Estimated Payments per $1,000.00 is $9.00 |
Must be primary residence and have ownership interest in property; $150.00 origination fee; certain terms and conditions apply, see loan department for details
Credit Card Rates
Credit Card – Visa and Master Card
| APR* | Maximum Amount |
|---|---|
| 9.00% | $10000.00 |
Approved credit required. May not be used to pay off other loans from MWCFCU. APR*=Annual Percentage Rate.
*REFINANCING OF CURRENT MWCFCU LOANS NOT AVAILABLE FOR LOWER RATES *