Loan Rates

The experienced consumer loan team at Merrimack Valley Credit Union and Bridgewater Credit Union, a division of Merrimack Valley Credit Union, are here to help you make the best financing decision on your next purchase, no matter how big or small. Compare our rates and then apply online for fast approval.

Student Loan Rates

• Undergraduate Loan Rates
• Graduate Loan Rates
• Student Loan Refinance Rates

Mortgage Rates

Mortgage: Annual Percentage Rate (APR) is based on a $100,000 mortgage with a loan-to value of 80%. Owner Occupied is your primary, second or vacation home. No Point No Closing Cost (NPNC) programs are for purchases & refinances with a minimum loan amount of $150,000. This program can be utilized only once a year or 12 months from date of closing to new application date. If an escrow account is required or requested, your actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The disclosed payment does not include amounts for taxes and insurance and the actual payment will be greater. All products and rates are subject to additional terms and conditions. Increased rate and or additional fees may apply.

Auto Loans: APR is based on $10,000 financed, except for 73-84 month term Auto which is based on the $35,000 minimum loan amount. APR and term are determined by the evaluation of applicant's credit history and the actual rate and/or term may vary. We use risk-based pricing to determine the interest rate and/or term (see below).

What is Risk-Based Pricing?
Risk-based pricing is a system that evaluates the risk factors of your loan application and credit profile and adjusts the interest rate and/or term up or down based on this risk evaluation.

What Factors Can Affect My Loan Pricing?
We will obtain a credit report that shows the amount of debt you have outstanding and how you have historically paid on your debt. The credit report will also contain a "credit score" that ranks your credit history. Credit scores look at five main kinds of credit information, namely: payment history; amount owed; length of credit history; new credit; and types of credit in use. Generally, if you have had any history of nonpayment or late payments on any loans or debt, this may lower your credit score and increase your interest rate and costs. People with high credit scores consistently pay their debts on time, keep balances low on credit cards and other revolving loans, and apply for and open new credit accounts as needed.