Consumer Loan Rates
All rates effective June 7, 2013 unless otherwise noted and are subject to change without notice. Monthly payments listed below are for every $1,000. (For example, payment on a $1,000 loan for 36 months at 4.328% is $29.67. Therefore on a $5,000 loan for 36 ,onths at 4.328% is $148.35 ($29.67x5).)
- Introductory Home Equity Line of Credit rate (owner occupied) of 2.75% Annual Percentage Rate (APR), effective June 7, 2013, is fixed for the first 24 months of the loan. The introductory rate will adjust at the end of the second year and monthly thereafter to the Wall Street Journal (WSJ) Prime Rate**, plus 0% with a maximum of 18% APR.
If you make only the minimum required interest-only payments, a single payment for the outstanding balance will be due at the end of the 10-year term and draw period. The maximum combined loan to value is 80%. No closing costs. Limited time only. Subject to change without notice. $50 annual fee, waived for first year. An early termination fee of $600 applies if the line is closed within the first three years of the draw period. This product is not intended for properties currently for sale or to be sold within the next six months. This offer is for new home equity lines of credit only and is limited to 1-4 owner occupied properties (including condos) and vacation/2nd homes. Subject to underwriting approval. Satisfactory property insurance is required. Minimum line is $10,000. Other restrictions may apply.
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment (per $1,000) |
| 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. Satisfactory property insurance is required. Maximum loan to value is 80%. Minimum loan amount is $10,000. Other restrictions may apply.
- Please contact the Consumer Loan Department at 603-225-2793 or 800-541-0006 for information.
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment (per $1,000) |
| New Autos (2013 and 2012) * | 3.638% | 3 | $29.36 |
| 3.543% | 4 | $22.38 | |
| 3.485% | 5 | $18.19 | |
| 3.446% | 6 | $15.39 | |
| Used Autos (2012) * | 3.485% | 5 | $18.19 |
| Used Autos (2010-2011) * | 3.485% | 5 | $18.19 |
| Used Autos (2007-2009) * | 5.810% | 4 | $23.40 |
| Used Autos (2004-2006) * | 6.530% | 3 | $30.66 |
- Age, mileage and condition may affect the terms of the loan.
- Minimum loan amount is $1,000. A loan documentation fee of $60 is included in the APR calculation.
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment (per $1,000) |
| Unsecured Personal | 12.536% | 5 | $22.52 |
- Minimum loan amount is $1,000. A loan documentation fee of $60 is included in the APR calculation.
| Product Name | Annual Percentage Rate (APR) | Term (years) | Monthly Payment (per $1,000) |
Boat/Motor Home/Camper/Trailer
| 7.824% | 10 | $12.04 |
| Motorcycles/Snowmobiles/ATVs | 8.171% | 4 | $24.49 |
- Minimum loan amount is $1,000. A loan documentation fee of $60 is included in the APR calculation.
- Home Improvement loans are 6.745% APR for a 60 month term. Monthly payment per $1,000 is $19.68. Maximum loan amount is $10,000.
- Minimum loan amount is $1,000. A loan documentation fee of $60 is included in the APR calculation.
- Minimum loan amount is $1,000. A loan documentation fee of $60 is included in the APR calculation.
- Time Loans are 16.904% APR with a 90 day term. Principal and interest are due at maturity.
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 Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a revolving line of credit, 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.
- ** The WSJ Prime Rate as of June 7, 2013 is 3.25%.
