Loan Rates

Loan Rates Effective as of 6/01/2018, but are subject to change thereafter.


Auto, Recreational Vehicle Loans

 

Bangor Federal Credit Union should be your first choice for your next loan because we offer low rates, flexible first payment dates, and most of all local service*!

Loan Type Maximum
Term1
Annual Percentage
Rate (APR)
Payment Per
$1000**
 New Autos (2016 and newer) up to 7 yrs as low as 2.49% $28.913
 Used Autos (2010-2015) up to 6 yrs as low as 3.25% $29.274
 Used Autos (2007 - 2009) up to 4 yrs as low as 5.49% $30.315
 Recreational Vehicles & Others  up to 10 yrs as low as 4.25% $18.596
 Personal Loan  up to 6 yrs as low as 7.75% $24.447
 Personal Line of Credit1  N/A 7.75% Pmt=$50/month
or 2% of balance
 Overdraft Line of Protection2 N/A 12.00%  Pmt=$50/month
 Share Secured Loan - 100% up to 5 yrs  3% Above Regular Savings $18.068


Apply Here for Your Next Auto, Recreational Vehicle, or Personal Loan!




To view the current Home Equity Loan Rates follow this link:
HELOC and Easy Equity Loans 


Want to see how your payment adds up? Follow this link to access the Loan Calculator for estimated loan payment information****. 


 

*Membership eligibility is required for all loans. A one-time $5 membership fee will apply for new members. 
** Maximum term is the maximum term available for each loan type.  It does not indicate the term eligible for the as low as rate.
***All loans are subject to a minimum payment amount of $50.  Title and UCC fees will be charged when necessary.
****Calculator is made available to you as a self-help tool for your independent use and not intended to provide investment advice. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

 1 Personal line of credit rate is subject to change quarterly and is 3.5% above the Prime Rate as shown in the Wall Street Journal (the 'Index').  Changes in your interest rate will be calculated using the Index figure available 45 days before each Change Date.  This figure rounded to the nearest .25% plus the applicable margin will be your new APR* effective on the next Change Date.  The prime rate was 4.50% APR* as of February 15, 2017.

2Overdraft Line of Protection advances have a fee of $2.50 per transfer.

3 Term up to 36 months.  Estimated monthly payment is $28.91 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

4 Term up to 36 months.  Estimated monthly payment is $29.27 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

5 Term up to 36 months.  Estimated monthly payment is $30.31 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

6 Term up to 60 months.  Estimated monthly payment is $18.59 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

7 Term up to 48 months.  Estimated monthly payment is $24.44 per $1,000 borrowed.  We use risk-based pricing to determine the interest rate.  Actual rate will vary based on borrower's credit-worthiness and the selected term.

8 Term up to 60 months.  Estimated monthly payment is $18.06 per $1,000 borrowed.  Payment per $1,000 based on Regular Savings rate.