Loans |
As of February 1, 2012
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.
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* |
4.000% |
$18.42 |
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120 Months* |
5.000% |
$10.61 |
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180 Months* |
6.000% |
$8.44 |
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Maximum Term: 180 Months |
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$175.00 Recording Fee Applies. $72.00 AVM (Automated Valuation Model) Fee Applies. |
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Minimum Loan Amount: $10,000.00 |
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* not available on loan secured by actual first mortgage positions.
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. $72.00 AVM (Automated Valuation Model) 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 $1,000 |
36 Months |
3.75% |
3.78% |
Year 2008-2012 Vehicles/$29.42 |
48 Months |
4.25% |
4.27% |
Year 2008-2012 Vehicles/$22.70 |
60 Months |
4.75% |
4.77% |
Year 2008-2012 Vehicles/$18.76 |
72 Months |
5.25% |
5.27% |
Year 2011-2012 Vehicles/$16.23 |
36 Months |
7.75% |
7.78% |
Year 2002-2007 Vehicles/$31.22 |
Up to 90% financing available on both new and used autos. Personal loan rates used if vehicle is older than 2001.
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 |
$88.71 |
Maximum Term of 36 Months |
12.75% |
24 Months |
$47.42 |
13.75% |
36 Months |
$34.06 |
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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 $1,000 |
60 Months |
10.25% |
2012/$26.46 |
48 Months |
12.25% |
2007-2011/$32.76 |
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% |
$27.70 |
