Loans | Fall River Municipal Credit Union

Loan Rate Sheet

Rates are current as of

October 31, 2019

LOAN ACCOUNT TYPE	ANNUAL PERCENTAGE RATE (APR)***	MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)	APR WITH 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% **	$24.41	As Low As 7.75% **	Up to 48 months
Bonus Rewards Credit Card	To Apply: visit www.FRMCU.com or stop in any of our conveniently located branch offices located in Fall River and Assonet.				Revolving
Fully Secured (Maximum $40,000)	3% over collateral pledged
New Auto (2020-2019) Used Auto (2018 and Older)****	As Low As 3.74% **	$29.41	As Low As 3.49% **	36 MONTHS
New Auto (2020-2019) Used Auto (2018 and Older)****	As Low As 3.99%	$22.58	As Low As 3.74%	48 MONTHS
New Auto (2020-2019) Used Auto (2018 and Older)****	As Low As 4.24%	$18.53	As Low As 3.99%	60 MONTHS
New Auto (2020-2019) ONLY	As Low As 3.99%	$15.64	As Low As 3.74%**	72 MONTHS
Recreational Vehicles New/Used (Maximum $50,000)	As Low As 7.50% **	$10.55	As Low As 7.25% **	Up to 144 months
Boats New/Used	As Low As 7.50% **	$10.55	As Low As 7.25% **	Up to 144 months
Motorcycle New (2020-2019) Used (2018-2007)	As Low As 5.65% 5.65%	$19.17 $23.32	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	N/A
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%	$9.62	Minimum loan amount is $2,000.00 to Maximum loan amount is $25,000.00	Up to 84 months
EQUITY PROGRAMS ^1,3	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 ²	As Low as 3.24% **	$17.96	As Low As 2.99% **	5 Years
FREEDOM FIRST HOME EQUITY LOAN ²	As Low as 3.99 % **	$10.00	As Low As 3.74% **	10 Years
FREEDOM FIRST HOME EQUITY LOAN ²	As Low as 3.99 % **	$7.27	As Low As 3.74% **	15 Years
FREEDOM FIRST FIXED RATE LINE OF CREDIT ²	As Low as 5.00% **	$13.90	N/A	10 Years (3 year draw period / 7 year repayment)
FIXED RATE HOME EQUITY LOAN	As Low as 4.24% **	$18.40	As Low as 3.99% **	5 Years
FIXED RATE HOME EQUITY LOAN	As Low as 4.99% **	$10.48	As Low as 4.74% **	10 Years
FIXED RATE HOME EQUITY LOAN	As Low as 4.99% **	$7.77	As Low as 4.74% **	15 Years
FIXED RATE LINE OF CREDIT	As Low as 6.00% **	$14.61	N/A	10 Years (3 year draw period / 7 year repayment)

Variable Equity Line of Credit	Prime Rate Prime Rate is currently 4.75%. The interest rate is based on the Prime Rate as published in the Wall Street Journal. Maximum rate of 18%.				15 Years (5 year draw period 10 year repayment)
MEMBER BUSINESS LOANS***
*FINANCING AVAILABLE FOR INVESTMENT PROPERTY. PLEASE CONTACT THE CREDIT UNION FOR DETAILS.*

If you’re 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 needs. Rates & Terms are subject to credit quality review. Contact us at Fall River Municipal Credit Union for additional information.
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 and subject to credit approval. Additional rates and terms may be available. * Some restrictions apply. ****1999 and older add 1.00% to current rate. Annual Percentage Rate(s) subject to change without notice. 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. 3. Additional fee when title is held in Any type of Trust ownership of Life Estate.