MECU Loan Rates
Complete Rate Schedule for MECU Loan Accounts
All rates below are current as of the dates listed. Posted rates are subject to change.
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Apply Now! 1st Mortgage Loan Rates |
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|---|---|---|---|
| Base Rate (as low as) |
APR * (as low as) |
Monthly Payment * ($150,000 loan amount) |
|
| 0 Points Option | |||
| 30-year fixed rate | 4.250 % | 4.389 % | $737.91 |
| 20-year fixed rate | 4.125 % | 4.317 % | $918.88 |
| 15-year fixed rate | 3.500 % | 3.741 % | $1072.32 |
| 10-year fixed rate | 0.000 % | 0.000 % | $0.00 |
| 7/1 ARM (adjustable rate) | 3.375 % | 3.131 % | $663.14 |
| 5/1 ARM (adjustable rate) | 3.000 % | 2.913 % | $632.41 |
| 3/1 ARM (adjustable rate) | 3.125 % | 2.892 % | $642.56 |
| 1 Point Option | |||
| 30-year fixed rate | 4.000 % | 4.219 % | $716.12 |
| 20-year fixed rate | 3.875 % | 4.178 % | $899.12 |
| 15-year fixed rate | 3.250 % | 3.632 % | $1054.00 |
| 10-year fixed rate | 0.000 % | 0.000 % | $0.00 |
*APR = Annual Percentage Rate based on a 95% Loan to Value ratio. While this page is updated regularly, rates are subject to change. Monthly Payment amount is based on a $150,000 loan amount for principal plus interest at the lowest available APR and does not include taxes and insurance which will increase your monthly payment. Your actual rate may be higher based on your credit score, loan amount, repayment term, collateral, credit history and ability to repay. Rates will be 0.50% higher on Investment properties. Subject to verification of collateral. Adequate property and flood insurance is required. MECU membership required.Rates as of: February 1, 2012 |
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MECU also offers discounts for First Time Home Buyers and members who buy homes in Baltimore City. Find out more about these discounts on our Mortgage product page.
Apply Now! Home Equity Loan Rates |
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|---|---|---|---|
| Minimum Loan Amount is $10,000 | Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $10,000 borrowed) |
| Up to 80% Loan To Value | |||
| No Closing Costs | 5.490 % | 60 Months | $190.97 |
| No Closing Costs | 5.990 % | 120 Months | $110.97 |
| No Closing Costs | 6.490 % | 180 Months | $87.06 |
| 81% — 90% Loan To Value | |||
| No Closing Costs | 6.490 % | 60 Months | $195.61 |
| No Closing Costs | 6.990 % | 120 Months | $116.06 |
| No Closing Costs | 7.490 % | 180 Months | $92.64 |
*APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Your actual APR may be higher based on your loan amount, repayment term, collateral, credit history and ability to repay. Closing costs vary and generally range around $800 to $1,000 on a $50,000 loan. If loan is paid off within 12 months of original note date, closing costs paid by MECU on member's behalf must be reimbursed to MECU by borrower. Subject to credit approval and verification of collateral. Adequate property and flood insurance is required. MECU membership required. ** Monthly payment is based on a $10,000 loan. Rates as of: February 1, 2012 |
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Apply Now! Home Equity Line of Credit Rates |
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|---|---|---|---|
| Minimum Loan Amount is $10,000 | Variable APR * (as low as) |
Loan to Value | Monthly Payment * (per $1,000 borrowed) |
| 180 Month Repayment Term | |||
| Intro Rate Fixed for 6 Months with $10,000 advance at settlement then converts to a standard rate. |
2.000 % | Up to 90% | $6.44 (for 6 months) |
| Standard Rate Prime minus 0.25% (Rate Floor = 3.25%) |
3.250 % | Up to 80% | $7.03 |
| Standard Rate Prime plus 0.75% (Rate Floor = 3.25%) |
4.000 % | 81% — 90% | $7.40 |
* APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Monthly payment example above is per $1,000 borrowed, with no additional advances or rate increases. Minimum monthly payment equals $100. The monthly APR will be a fully indexed, variable rate based on Prime plus or minus a margin based on your loan-to-value ratio. Prime Rate is obtained from the Wall Street Journal. Your actual rate may be higher based on your loan amount, repayment term, collateral, credit history and ability to repay. Subject to credit approval and verification of collateral. Adequate property and flood insurance is required. MECU membership required. Rates as of: February 1, 2012 |
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Apply Now! New & Used Auto Rates |
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|---|---|---|---|---|---|---|---|
| Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $1,000 borrowed) |
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| 10% Down Payment Options | |||||||
| New / Used / Refinance | 2.99 % | 12 - 36 Months | $29.08 | ||||
| New / Used / Refinance | 3.24 % | 37 - 48 Months | $22.24 | ||||
| New / Used / Refinance | 3.49 % | 49 - 60 Months | $18.19 | ||||
| New / Used / Refinance | 3.99 % | 61 - 84 Months † | $13.66 | ||||
| 0% Down Payment Options | |||||||
| New / Used / Refinance | 3.24 % | 12 - 36 Months | $29.19 | ||||
| New / Used / Refinance | 3.49 % | 37 - 48 Months | $22.35 | ||||
| New / Used / Refinance | 3.74 % | 49 - 60 Months | $18.30 | ||||
| New / Used / Refinance | 4.24 % | 61 - 84 Months † | $13.78 | ||||
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Apply Now! New Motorcycle Rates |
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|---|---|---|---|
| Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $1,000 borrowed) |
|
| 10% Down Payment Options | |||
| New | 6.50 % | 12 - 60 Months | $19.57 |
| New | 6.75 % | 61 - 72 Months † | $16.93 |
| New | 7.00 % | 73 - 84 Months †† | $15.09 |
| 0% Down Payment Options | |||
| New | 6.75 % | 12 - 60 Months | $19.68 |
| New | 7.00 % | 61 - 72 Months † | $17.05 |
| New | 7.25 % | 73 - 84 Months †† | $15.22 |
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Apply Now! Used Motorcycle Rates |
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|---|---|---|---|
| Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $1,000 borrowed) |
|
| 10% Down Payment Options | |||
| Used | 7.25 % | 12 - 60 Months | $19.92 |
| Used | 7.50 % | 61 - 72 Months † | $17.29 |
| Used | 7.75 % | 73 - 84 Months †† | $15.46 |
| 0% Down Payment Options | |||
| Used | 7.50 % | 12 - 60 Months | $20.04 |
| Used | 7.75 % | 61 - 72 Months † | $17.41 |
| Used | 8.00 % | 73 - 84 Months †† | $15.59 |
* APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. The rates listed above are our lowest available rates and include a rate discount of 0.25% with direct payment. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher based on your loan amount, repayment term, collateral, credit history and ability to repay. MECU will finance up to 100% of NADA retail value (including taxes, tags, title, mechanical breakdown and other insurance products, lo-jack and extended warranty). There is no maximum model year we will finance; however, the mileage cannot exceed 7,500 miles. Subject to credit approval and verification of collateral. MECU membership required. ** Monthly payment is per $1,000 borrowed at the maximum displayed term.. † Repayment terms for 61 - 72 months require a minimum $20,000 Loan Amount. † † Repayment terms for 73 - 84 months require a minimum $35,000 Loan Amount. Rates as of: February 1, 2012 |
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Apply Now! New & Used RV / Boat Rates |
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|---|---|---|---|
| Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $1,000 borrowed) |
|
| 15% Down Payment Required † | |||
| New | 8.25 % | Up to 180 Months | $9.70 |
| Used / Refinance | 9.00 % | Up to 180 Months | $10.14 |
† MECU will finance up to 85% of NADA retail value or MSRP (plus tax, tags, title). A minimum down payment of 15% of purchase price is required on all new and used Boast and RVs. * APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Refinance rates available only on loans refinanced from another lender. Your actual rate may be higher based on your loan amount, repayment term, collateral, credit history and ability to repay. MECU will refinance your current model year up to the previous six model years so long as mileage does not exceed 7,500 miles. Subject to credit approval and verification of collateral. MECU membership required. ** Monthly payment is per $1,000 borrowed at the maximum displayed term. Rates as of: February 1, 2012 |
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Apply Now! Personal Loan & Preferred Credit Line Rates |
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|---|---|---|---|
| Fixed APR * (as low as) |
Repayment Terms | Monthly Payment ** (per $1,000 borrowed) |
|
| Unsecured | |||
| Personal Loan | 12.99 % | Up to 36 Months | $33.69 |
| Preferred Line of Credit | 12.99 % | Draws up to credit limit permitted for as long as the account remains in good standing. | $33.69 |
| Secured | |||
| Share / CD Collateral Loan | Share / CD rate +2% | Up to 36 Months (loan term cannot exceed the CD maturity date) |
$29.44 (based on a 3.80% APR) |
| Credit card | |||
| Visa® Platinum Rates | 9.90 % | - | - |
* APR = Annual Percentage Rate. While this page is updated regularly, rates are subject to change. Subject to credit approval and verification of collateral. MECU membership required. ** Monthly payment is per $1,000 borrowed based on a 36-month repayment term. Rates as of: February 1, 2012 |
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