Loans |
As of August 31, 2010
Important Loan Notes: All APRs are subject to change at any time without prior notice. All APRs listed are with an automatic deduction from a Lowell Five account with the exception of Equity Lines of Credit and Now and Then Overdraft Protection. Higher APRs apply if the payment is not automatically deducted from an account with the Bank. For all equity loans, the Loan to Value (LTV) is calculated as follows (1st Mtg. + Equity Loan)/property value.
Use our loan calculator to determine your monthly payment.
Fixed Rate Second Mortgages |
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| Available from $10,000 to $200,000 | LTV to 80% |
Term |
APR |
Payment per $1,000 |
60 Months |
5.000% |
$18.87 |
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120 Months |
6.750% |
$11.48 |
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180 Months |
7.000% |
$8.99 |
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Maximum Term: 180 Months |
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$175.00 Recording Fee Applies |
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Minimum Loan Amount: $10,000.00 |
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Equity Line of Credit |
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Term |
APR |
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| Available from $10,000 to $200,000 | LTV to 80% |
120 Months |
prime rate |
| Payments of interest only for first ten years | |||
| $175.00 Recording Fee Applies. $25.00 inactivity fee may apply if account is not used within a twelve month period. | |||
Current Wall St. Journal Prime Rate: 3.25% |
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New and Used Auto Loans |
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Term |
Rate |
APR |
Year of Vehicle/Payment per $1000 |
36 Months |
3.75% |
3.78% |
New and Used 2006-2010 Vehicles/$29.41 |
48 Months |
4.25% |
4.27% |
New and Used 2006-2010 Vehicles/$22.69 |
60 Months |
4.75% |
4.77% |
New and Used 2006-2010 Vehicles/$18.76 |
72 Months |
5.25% |
5.27% |
New 2009-2010 Vehicles/$16.20 |
36 Months |
7.75% |
7.78% |
2000-2005 Vehicles/$31.21 |
Up to 90% financing available on both new and used autos.
Personal Loans |
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APR |
Term |
Payment per $1000 |
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Available from $500 to $25,000 |
11.75% |
12 Months |
$88.72 |
Maximum Term of 36 Months |
12.75% |
24 Months |
$47.42 |
13.75% |
36 Months |
$34.05 |
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"Now and Then" (overdraft protection) |
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Loan Amounts |
APR |
$500-$3,000 |
18.00% |
Motorcycle Loans |
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Term |
APR |
Year of Vehicle/Payment per $1000 |
60 Months |
10.25% |
2010/$21.36 |
48 Months |
12.25% |
2005-2009/$26.45 |
Up to 80% financing of selling price to a maximum of $25,000.
New Boat/Recreational Vehicle Loans |
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Term |
A.P.R. |
Payment per $1000 |
60 Months |
12.25% |
$22.36 |
