Skip to main content
  • Sitemap
    ( Press S )
  • Accessibility Statement
    ( Press A )

Need help?

877.964.3262 »

Contact Us »

Midcoast Federal Credit Union

Digital Banking Login

  • Open An
    Account
  • Apply For
    A Loan
  • View
    Rates
  • PERSONAL
  • BUSINESS
  • eSERVICES
  • EDUCATION CENTER
  • RESOURCES
  • ABOUT US
Sign InApplyJoin
  • Hours & Locations
  • Contact Us
  • Products & Services
    • Products & Services
    • Personal Accounts
      • Personal Accounts
      • Checking Accounts
      • Savings & Money Market Accounts
      • Certificates & IRAs
      • Youth Accounts
      • Credit Cards
      • Consumer & Home Loans
      • Insurance Protection
      • Additional Services
    • Business Accounts
      • Business Accounts
      • Impact Business Checking
      • Impact Business Savings
      • Local Business Lending
      • Additional Services
    • eServices
      • eServices
      • Mobile Banking
      • Mobile Check Deposit
      • Midcoast Connection
      • Bill Pay
      • eAlerts
      • eStatements
      • Secure eMail
      • Online VISA® Access
      • iTalk
  • View Rates
  • Education Center
  • Resource Center
  • About Us

Breadcrumb page navigation

HomeView RatesLoan Rates

Loan Rates

Receive a 0.25% discount off your qualifying consumer loan rate when your monthly loan payment is automatically transferred from your Midcoast FCU checking account. Discounted rate applies to new, consumer loans only, and applied at loan closing.

Consumer Loans - Autos, Motorcycles, Light Duty Trucks, Motor Homes and Recreational Boats

Effective Date: Tuesday, March 28, 2023

Consumer Loans - Autos, Motorcycles, Light Duty Trucks, Motor Homes and Recreational Boats

APR* as low asTerm in YearsMonthly Payment per $1,000Minimum Loan Amount
5.49%1$84.35$1,000
6.24%2$42.98$2,000
6.24%3$29.08$3,000
6.74%4$22.35$5,000
6.74%5$18.19$7,500
7.24%6$15.64$12,500
7.24%7$13.90$25,000
Apply Now

Interest rates above apply to loans secured by titled, non-commercial passenger vehicles both NEW and USED up to 10 model years old. 

*Annual Percentage Rate (APR) is accurate as of January 1, 2023 and is subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

Other Secured - Snowmobiles, Personal Watercrafts, ATVs, Campers and Travel Trailers

Effective Date: Tuesday, March 28, 2023

Other Secured - Snowmobiles, Personal Watercrafts, ATVs, Campers and Travel Trailers

APR* as low asTerm in YearsMonthly Payment per $1,000Minimum Loan Amount
7.24%1$85.15$300
7.99%2$43.76$2,000
7.99%3$29.85$3,000
8.49%4$23.14$5,000
8.49%5$18.98$7,500
8.99%6$16.45$12,500
8.99%7$14.72$17,500
Apply Now

Interest rates above apply to loans secured by non-titled personal recreational collateral and other chattel.

Includes titled vehicles 11 to 15 model years old and recreational equipment up to 10 model years old.

*Annual Percentage Rate (APR) is accurate as of January 1, 2023 and is subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply. 

Personal Loans - Debt consolidation, vacation, energy assistance and more.

Effective Date: Tuesday, March 28, 2023

Personal Loans - Debt consolidation, vacation, energy assistance and more.

APR* as low asTerm in YearsMonthly Payment per $1,000Minimum Loan AmountMaximum Loan Amount
10.74%1$87.22$300$25,000
11.49%2$45.79$1,500$25,000
11.49%3$31.91$2,000$25,000
11.99%4$25.24$2,500$25,000
11.99%5$21.12$5,000$25,000
12.49%6$18.65$15,000$25,000
Apply Now

*Annual Percentage Rate (APR) is accurate as of January 1, 2023 and is subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

Personal Line of Credit - Overdraft protection, vacation, emergencies and more.

Effective Date: Tuesday, March 28, 2023

Personal Line of Credit - Overdraft protection, vacation, emergencies and more.

LINE OF CREDIT
Current APR* as low as12.75%
APR*Variable
IndexPrime Rate as published in the Wall Street Journal
Margin as low as 5.00%
APR* Adjustment CycleMonthly
PaymentMinimum payments greater of 2.5% of the balance or $50.00, whichever is greater
Minimum Line Amount$500.00
Maximum Line Amount$25,000
Minimum Transfer Amount$100.00

*Annual Percentage Rate (APR) is variable and is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The index as of the last change date of March 24, 2023 is 8.00%. Rates are subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

Creditbuilder, Certificate and Share Secured Loans

Effective Date: Tuesday, March 28, 2023

Creditbuilder, Certificate and Share Secured Loans

APR* as low asMaximum Term**Monthly Payment per $1,000Minimum Loan AmountMaximum Loan Amount
3.05%120 MonthsTerm DependentN/AN/AApply Now

*Annual Percentage Rate (APR) is accurate as of January 2, 2022 and is subject to change without notice. Loan rate will be calculated at 3% over the dividend rate earned on deposit securing loan. Maximum term is 120 months. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

HeLOCK (Fixed Rate Home Equity Line of Credit)

Effective Date: Tuesday, March 28, 2023

HeLOCK (Fixed Rate Home Equity Line of Credit)

Maximum Combined Loan to Value80%90%
Current APR* as low as6.375%6.875%
Interest RateFixedFixed
Draw PeriodFirst 5 YearsFirst 5 Years
RepaymentInterest Only repayment required for the first 5 years followed by a 15 amortizationInterest Only repayment required for the first 5 years followed by a 15 amortization
Minimum Loan Amount$20,000$20,000
Property TypePrimary Residence and Second HomesPrimary Residence and Second Homes
Apply Now

*Annual Percentage Rate (APR) is fixed and is accurate as of December 27, 2022. Rates are subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

HELOC Advantage Plus (Variable Rate)

Effective Date: Tuesday, March 28, 2023

HELOC Advantage Plus (Variable Rate)

Maximum Combined Loan to Value80%90%
Current APR* as low as8.00%8.50%
APR*VariableVariable
IndexPrime Rate as published in the Wall Street JournalPrime Rate as published in the Wall Street Journal
Margin as low as0.00%0.50%
APR* Adjustment CycleMonthlyMonthly
Draw PeriodFirst 10 YearsFirst 10 Years
RepaymentInterest Only repayment required for the first 10 years followed by a 20 amortizationInterest Only repayment required for the first 10 years followed by a 20 amortization
Minimum Loan Amount$20,000$20,000
Property TypePrimary Residence and Second HomesPrimary Residence and Second Homes
Apply Now

*Annual Percentage Rate (APR) is variable and is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The index as of the last change date of March 24, 2023 is 8.00%. Rates are subject to change without notice. Other rates and terms available for qualified borrowers. Actual interest rate may differ based on credit history. Subject to credit approval. Additional terms and conditions may apply.

  • Deposit Rates
  • Loan Rates
  • Credit Card Rates
  • Mortgage Rates

Helpful Information

  • Contact Us
  • Calculators

Find a branch near you.

LOCATIONS

PHONE: 877.964.3262 (Toll Free)

ROUTING: 211287476

NMLS #: 415389

©2023 Midcoast Federal Credit Union.
All Rights Reserved.

Federally Insured by NCUA
Equal Housting Lender
  • Home
  • Contact Us
  • Locations
  • Privacy Policy
  • Sitemap
  • Accessibility
  • Truth in Savings Rate and Fee Disclosure
  • Funds Availability Policy

Facebook

LinkedIn

SURF

Co-Op