Consumer Loan Rates
All rates effective September 1, 2011 unless otherwise noted and are subject to change without notice. Monthly payments listed below are for every $1000.
Home Equity Line of Credit
- Home Equity Line of Credit (owner occupied) is 2.99% Annual Percentage Rate fixed for 24 months, then Prime**, adjustable monthly, with a 4.50% APR floor after the 24-month fixed rate period. There are no closing costs. It is important to note that if you make only the minimum required payments, interest only, an outstanding balance (a balloon payment) will result at the end of the 10-year term. The maximum loan-to-value is 80%. A $50 annual fee applies, waived for the first year and beginning on the first year anniversary. There is a $600 early termination fee if you close your loan within 36 months. This product is not intended for properties currently for sale or to be sold within the next six months.
Home Equity
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment |
| Fixed Rate Home Equity Loan | 3.990% | 5 | $18.41 |
| 4.990% | 10 | $10.60 | |
| 5.500% | 15 | $8.17 | |
| 5.500% | 20 | $6.88 |
- These payment examples do not include amounts for taxes or insurance premiums, and your actual payment may be higher.
Mobile Homes in Parks
- Please contact the Consumer Loan Department at 603-225-2793 or 800-541-0006 for information.
Auto Loans
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment |
| New Autos (2011 and 2010) * | 4.328% | 3 | $29.67 |
| 4.248% | 4 | $22.69 | |
| 4.198% | 5 | $18.51 | |
| 4.166% | 6 | $15.72 | |
| Used Autos (2010) * | 4.198% | 5 | $18.51 |
| Used Autos (2008-2009) * | 4.198% | 5 | $18.51 |
| Used Autos (2005-2007) * | 6.263% | 4 | $23.61 |
| Used Autos (2002-2004) * | 6.948% | 3 | $30.85 |
Personal Loans
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment |
| Unsecured Personal | 13.451% | 5 | $22.98 |
Recreational
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment |
Boat/Motor Home/Camper/Trailer
| 9.565% | 10 | $12.98 |
| Motorcycles/Snowmobiles/ATVs | 9.565% | 4 | $25.15 |
Home Improvement
- Home Improvement loans are 9.209% APR for a 60 month term. Monthly payment per $1,000 is $20.86. Maximum loan amount is $10,000.
Time Loans
- Time Loans are 17.141% APR with a 90 day term. Principal and interest are due at maturity.
CheckReserve Line of Credit
CheckReserve is a revolving line of credit linked to Merrimack personal checking account with a maximum available line of $5,000 (subject to underwriting requirements).
Interest Rate and Interest Charges Annual Percentage Rate (APR) for Advances 15.00% Fixed APR Paying Interest Your due date is at least 15 days after the close of each billing cycle. We will begin charging interest on advances on the transaction date. Minimum Interest Charge None For Credit Card Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/credit Fees Non-Refundable Annual Fee $30.00
- * 0.25% rate discount is available to Merrimack Premium or Premium Plus Checking account customers choosing automatic deduction of monthly payments from a Merrimack deposit account. This applies to consumer loans, except for home equities, other collateral and stock loans, time loans and CheckReserve.
- ** Prime as of 12/01/10 is 3.25%. All home equity line of credit products have a floor of 4.50%.
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