Current Loan Rates
Rates Effective as of June 8, 2011
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Home Equity Loans
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Term
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Up to 80% Loan to Value
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Monthly payment per $1,000
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5 Years
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4.99% APR
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$18.87
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7 Years
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4.99% APR
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$14.13
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10 Years
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5.99% APR
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$11.10
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15 Years
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6.96% APR
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$8.97
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NOTE: A .50% rate discount applies if payments are automatically deducted from a MCT deposit account. Minimum loan amount of $10,000.00. Terms quoted are subject to credit approval.
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Home Equity Lines of Credit Conversion
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Variable Rate
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4.00% APR
RATE DETERMINED AT TIME OF APPROVAL
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The Annual Percentage Rate (APR) may vary after consummation of the transaction and is based on the prime rate as published in the Wall Street Journal. The maximum APR is 18%. Minimum loan amount is $5,000. Closing costs of $150 to $500 are due at the time of settlement. Homeowners insurance is required. Please contact your tax advisor regarding deductibility of interest. Rates are subject to change.
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Automobile
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Model Year
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Term
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Rate
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Monthly Payment per $1,000
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New (2011 and 2010)
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36 to 60 Months
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4.49% APR
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$29.74 to $18.64
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New (2011 and 2010)
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72 Months
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4.82% APR
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$16.02
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Used (2007 to 2010)
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36 to 60 Months
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5.49% APR
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$30.19 to $19.10
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Used (2007 to 2010)
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72 Months
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N/A
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N/A
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NOTE: Rates shown reflect a .50% discount with an automatic payment from a MCT checking account and a minimum of $10,000.00 of new borrowed funds. Terms quoted are subject to credit approval.
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Personal
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Term
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Rate
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Monthly Payment per $1,000
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12 to 60 Months
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7.89% APR
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$86.95 to $20.23
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72 to 84 Months
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8.89% APR
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$16.04 to $17.98
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NOTE: Rates shown reflect a .50% discount with an automatic payment from a MCT checking account and a minimum of $10,000.00 of new borrowed funds. Terms quoted are subject to credit approval.
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