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.

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Auto Lending Rates

The credit union will only consider a lease buyout application if buying through a dealer

Term

Rate Type

APR

Maximum Amount

LTV

Auto Loans (2022 - 2023)

Direct Deposit Auto Pay - Up to 84 Months

Fixed

4.99%

$70,000

100%

Estimated payment per $1,000.00 is $14.13 based on 84 months

Without Direct Deposit Auto Pay - Up to 84 Months

Fixed

5.24%

$70,000

100%

Estimated Payment Per $1,000.00 is $14.25 based on 84 Months

Apply Now!

APR=Annual Percentage Rate.

***See terms and conditions below

Term

Rate Type

APR**

Maximum Amount

LTV

Used Auto (Years 2018 – 2021)

Direct Deposit Auto Pay - Up to 60 months

Fixed

5.24%

$70,000.00

100%

Estimated payment per $1,000.00 is $18.99 based on 60 months

Without 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

Direct Deposit Auto Pay for 61-84 months

Fixed

5.74%*

$70,000.00

100%

Estimated payment per $1,000.00 is $14.49 based on 84 months

Without 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

***See terms and conditions below

Years 2018 and Newer, we will finance 100% of retail value

Apply Now!

Term

Rate Type

APR**

Maximum Amount

LTV

Used Auto (2015 – 2017)

Direct Deposit Auto Pay - Up to 60 Months

Fixed

6.50%

$70,000.00

80%

 Estimated payment per $1,000.00 is $19.57 based on 60 months

Without 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

**See Terms and Conditions below

Apply Now!

Term

Rate Type

APR**

LTV

Used Auto (2012 – 2014)

Direct Deposit Auto Pay - Up to 48 Months

Fixed

8.25%

80%

Estimated Payment per $1,000.00 is $24.53 based on 48 months

Without Direct Deposit Auto Pay - Up to 48 Months

Fixed

8.50%

80%

Estimated Payment per $1,000.00 is $24.65 based on 48 months

(Older than 2012 considered other collateral)

Years 2012 to 2017, we will finance 80% of retail value


***See Terms and Conditions below

Apply Now!

Vehicle Year & Loan Term

Rate Type

APR*

LTV

Motorcycle Loan

2018 - 2022: Up to 72 Months 

Fixed

7.00%

100%

Estimated Payment per $1,000.00 is $17.05 based on 72 months

6.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $16.94 based on 72 months

2012 - 2017: Up to 48 Months 

Fixed

7.00%

80%

Estimated Payment per $1,000.00 is $23.95 based on 48 months

6.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $23.84 based on 48 months

***See Terms and Conditions below

*APR = Annual Percentage Rate

**Motorcycles older than 2012 considered other collateral

Apply Now!

Vehicle Year & Loan Term

Rate Type

APR*

Maximum

Loan to Value

Other Collateral Loan – Includes Used Autos, Trucks, and Motorcycles 2011 and older: and all year Boats, Trailers and other recreational vehicles

2018 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.

2017 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 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 auto, motorcycle 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 2018 and newer; 80% financing on model years 2017 and older (Gap Insurance available, see loan department for details)
  • Refinancing of current credit union loans not available for lower rates

Apply Now!

Home Equity Loans

Term

Rate

APR**

***Loan to Value 80%

Fixed Rate Home Equity Loan ($20,000.00 to $250,000.00)

Direct Deposit and Autopay required

Up to 60 Months

Fixed

As Low As 4.50%

*Estimated Payments Per $1,000.00 is $18.65 based on 60 Months

Over the Counter Payments, No Direct Deposit

Up to 60 Months

Fixed

As Low As 4.75%

*Estimated Payment Per $1,000.00 is $18.76 based on 60 Months

Direct Deposit and Autopay required

61 Months to 120 Months

Fixed

As Low As 4.75%

*Estimated Payment Per $1,000.00 is $10.49 based on 120 Months

Over the Counter Payments, No Direct Deposit

61 Months to 120 Months

Fixed

As Low As 5.00%

*Estimated Payments Per $1000.00 is $10.61 based on 120 Months

Direct Deposit and Autopay required

121 Months to 180 Months

Fixed

As Low As 5.00%

*Estimated Payments Per $1,000.00 is $7.91 based on 180 Months

Over the Counter Payments, No Direct Deposit

121 Months to 180 Months

Fixed

As Low As 5.25%

*Estimated Payments Per $1,000.00 is $8.04 based on 180 Months

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

5.25%

*Estimated Payments per $1,000.00 is $6.74 based on 240 Months with Direct Deposit AutoPay

181 Months to 240 Months

Fixed

5.50%

*Estimated Payments per $1,000.00 is $7.03 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

Apply Now!

Term

Rate

Current Rate

Loan to Value 80%**

Home Equity Loan Line of Credit ($20,000.00 to $125,000.00) Initial advance of $15,000 required

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 4.00%

(Disclosure with approved application) ** If loan to value is over 80% rate is prime plus 0.00% (zero) or 7.50%, Minimum/Floor 4.75% 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 loan department for details

Rates and fees subject to change without notice

New loan only, does not apply for existing lines

*APR = Annual Percentage Rate

Apply Now!

Other Loans

Terms

Rate Type

Margin

 Maximum Amount

Share or Certificate Secured Loan

Up to 120 Months

 Variable

2.50% over Share or Certificate Rate

90% of Account Balance

Variable rate may adjust when Share or CD rates change

Apply Now!

Minimum amount of $750.00 required at application

Terms

Rate Type

**APR

Maximum Amount

Unsecured Loan (Personal)

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 UP TO 24 MONTHS FIXED RATE 8.99% APR ESTIMATED PAYMENTS PER $1,000.00 IS $45.70 BASED ON 24 MONTHS

 

 

Terms

Rate Type

**APR

Loan Limits

Payments per $1000.00

Unsecured Home Improvement Loan

Up to 72 Months

Fixed

7.00%

Minimum $5,000.00 / Maximum $10,000.00

Estimated Payments per $1,000.00 is $17.04

Up to 120 Months

Fixed

7.00%

Minimum $10,001.00 / Maximum $15,000.00

Estimated Payments per $1,000.00 is $11.61

Up to 180 Months

Fixed

7.00%

Minimum $15,001.00 / Maximum $25,000.00

Estimated Payments per $1,000.00 is $8.99

Must be primary residence and have ownership interest in property; $150.00 origination fee; certain terms and conditions apply, see loan department for details

Apply Now!

Credit Card Rates

APR

Maximum Amount

Credit Card – Visa and Master Card

9.00%

$10,000.00

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 *

Apply Now!

Lending Rates

Loan department contacts:

508-879-5522 or 877-482-6055 Ext 215, 208 or 218

Fax: 508-879-6806 and 508-879-9676

 

 

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