Consumer Loan Rates

Effective December 6, 2017 (Rates are valid until next revision date)

Minimum loan size: $2,500.
Rates subject to change without notice. Your Local Retail Branch Manager can give you details and information on Consumer Loans.

Vehicle Loans*

 

 

Relationship Pricing**

Non Relationship Pricing

Age (based on model year)

Term

Rate

APR***

Rate

APR***

New to 1 year old

5 yrs

4.00%

5.32%

6.50%

7.85%

4 yrs or less

3.75%

5.38%

6.25%

7.91%

2 - 3 years old

5 yrs

4.35%

5.68%

6.85%

8.21%

4 yrs

4.00%

5.63%

6.50%

8.17%

3 yrs or less

3.75%

5.90%

6.25%

8.43%

4 - 5 years old

4 yrs

4.50%

6.14%

7.00%

8.67%

3 yrs or less

4.00%

6.15%

6.50%

8.68%

6 - 7 years old

3 yrs or less

4.75%

6.91%

7.25%

9.44%

 

Boats, Campers†, Tractors, Motorcycles, ATV's, and Snowmobiles*

 

 

Relationship Pricing**

Non Relationship Pricing

Age (based on model year)

Term

Rate

APR***

Rate

APR***

New to 1 year old

5 yrs

7.75%

9.12%

10.25%

11.65%

4 yrs or less

7.50%

9.18%

10.00%

11.71%

2 - 3 years old

4 yrs

8.00%

9.68%

10.50%

12.22%

3 yrs or less

7.50%

9.69%

10.00%

12.23%

4 - 5 years old

3 yrs or less

8.50%

10.71%

11.00%

13.24%

 

Savings Secured Loan*

 

Relationship Pricing**

Non Relationship Pricing

Term

Rate

APR****

Rate

APR***

Maximum of 5 yrs

Savings/CD Rate
plus 3.00%

  4.32%

N/A

N/A

This is a variable rate product.
Loan term must be equal to or shorter than the CD term.

 

Personal Unsecured Loan*

 

Relationship Pricing**

 

Term

   

Maximum
of 3 years

14.50%

16.79%

   

Maximum loan amount $5,000.


* Processing Fee of $95.00 is charged on all consumer loans.
** Relationship pricing is defined as a client with year to date average collected deposit balances (combined) of $1,000 or greater.
*** Annual Percentage Rate (APR) is calculated assuming a loan amount of $3,000. Maximum APR is 18%.

****Annual Percentage Rate (APR) is calculated assuming a loan amount of $3,000 with a rate based on the current BlueWave Tier 1 Savings interest rate of 0.01% plus 3.00%. Maximum APR is 18.00%.
†Campers, for the purposes of lending, are defined as those vehicles which are towed behind another vehicle. Androscoggin Bank does not offer loan products for recreational vehicles with self-propelling engines (motor homes, etc.) If you have any questions about this designation, please ask your lending professional.

Contact a Loan Officer