Loan Rates

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At Merck Employees Federal Credit Union, we have always made it our goal to provide the best rates to our members. We are committed to keeping your best interest as our only interest!

Note: All rates shown are the credit union’s lowest rates. Individual rates are based on credit worthiness and other factors. Where available, a 0.25% discount is applied for auto-pay. Without auto-pay from a credit union savings or checking account, add 0.25%. If you are interested in finding your actual rate, please submit a loan application.

Home Equity Line of Credit

Loan Amount
Loan-to-ValueAnnual Percentage Rate
$10,000 – $100,000≤80%3.25%*
$100,001-$200,000≤70%3.25%*

*This is a variable rate revolving line of credit with a 10-year draw and a maximum 15-year payback. The rate adjusts according to the prime rate as set forth in the Wall Street Journal. Click here to see the current Prime Rate. Fees apply where full appraisals are required.

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

Fixed Rate 2nd Mortgage

Term
Loan AmountAnnual Percentage Rate
5 years (60 months)$10,000 – $50,0003.75%
7 years (84 months)$25,000 – $50,0004.00%

**Fees apply where full appraisals are required.

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

Unsecured (Personal) Loans

Term
Annual Percentage Rate
12 months9.00% APR
36 months9.25% APR
48 months9.50% APR
60 months9.75% APR

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

Share (Savings) Secured Loans

Term
Annual Percentage Rate
Up to 72 months3.375% APR

*This is a variable rate loan with the rate set at the current MEFCU share rate plus 2.25%.

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

MasterCard/Visa

Annual Percentage Rate
8.28% APR

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

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