Loan Rates

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90-day note
Minimum amount: $1,001. The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
90 days 12.240 12.240 $1,030.85
First Mortgage
The Credit Union offers local decisions and local service on Mortgage Loans with terms up to 30 years.  To learn more, see current rates, and access the mortgage calculator, visit our HomeLoans Page. 
Holiday Loan
Fixed Rate. $2,000 maximum. Only available Oct 15 – Dec 31. The rate shown is the lowest available rate, you may pay a higher rate depending on your credit score.
Term Rate Apr* Payments per $1,000 borrowed
12 mo 5.750 5.750 $85.73
Home Equity
Variable rate. $100,000 maximum. Up to 80% of appraised equity.  The rate shown below is the lowest available rate, and you may pay a higher rate depending on your credit score and the loan-to-value ratio of your loan.
Term Rate Apr* Payments per $1,000 borrowed
20 yrs 4.50 4.50 $6.33
Line of Credit
$10,000 maximum. The rate shown is the base rate. Your rate may be higher or lower depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
60 mos 12.240 12.240 $22.37
New Autos, Trucks, Vans
To be considered “new” the vehicle can be up to two years old with fewer than 15,000 miles and has not been previously financed by the applicant at Bowater Credit Union.
Variable rate on 72 mos, & 84 mos. 72 mos available on loans over $10,000, 84 mos available on loans over $30,000.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
No money down! You may be able to borrow up to 115% of the car’s value.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 2.24 2.24 $28.75
60 mos 3.24 3.24 $18.08
72 mos 3.49 3.49 $15.42
84 mos 5.49 5.49 $14.37
New Consumer Goods
Use this loan to get essentials for your home like furniture, applicances, computers, musical equipment, etc. No down payment required. 48 months available on loans over $3,000. The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 9.500 9.500 $32.04
48 mos 10.000 10.000 $25.37
New Farm Equipment/Lawn & Garden
No down payment, variable rate. The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
72 months 4.500 4.500 $15.88
New Motorcycles, Boats, and ATVs
To be considered “new” the vehicle can be up to two years old with fewer than 15,000 miles and has not been previously financed by the applicant at Bowater Credit Union.
Variable rate on 72 mos, 84 mos, & 120 mos. 72 mos available on loans over $10,000. 84 mos &120 mos available on boats valued over $30,000.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 3.99 3.99 $29.52
60 mos 4.24 4.24 $18.53
72 mos 4.49 4.49 $15.87
84 mos 5.99 5.99 $14.61 For Boats valued over $30,000 only 
120 mos 5.99 5.99 $11.10 For Boats valued over $30,000 only
New and Used RVs, Houseboats, Cabin Cruisers
No down payment. Variable rate on loans over $15,000. The rate shown is the base rate. Your rate may be higher on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
$0-$15k, 60 mo. 9.500 9.500 $21.00
$15k-$30k, 84 mo. 4.500 4.500 $13.91
$30k-$50k, 120 mo. 4.500 4.500 $10.37
$50k+, 180 mo. 5.500 5.500 $8.18
Personal Loan
$25,000 maximum. The rate shown is the base rate. Your rate may be higher or lower depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
60 mos 12.240 12.240 $22.37
Pledge Loan
The rate shown is the rate you pay, regardless of credit score.
Type Rate When due
TSA Lump-Sum TSA rate + 2% Due upon TSA maturity
Share Lump-Sum Share rate + 2% Due date is discretionary
TSA Periodic Payments TSA rate + 2.5% Due upon TSA maturity
Share Periodic Payments Share rate + 2.5% Due date is 12 months
Unimproved Property
1% origination fee plus actual closing costs, 85% financing. Up to 80% Loan-to-Value (LTV) will be charged the base rate, shown here. 80% – 85% LTV will be charged the base rate + .25%.
Term Base Rate Apr* Payments per $1,000 borrowed
5 yrs 7.000 7.669 $19.80
10 yrs 7.500 7.872 $11.87
15 yrs 8.000 8.278 $9.56
Used Farm Equipment
Variable rate on 72 mos. The rate shown is the base rate. Your rate may be higher or lower depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
<$4,000, 24 mo. 11.500 11.500 $46.85
$4k-$6k, 36 mo. 11.500 11.500 $32.99
$6k-$15k, 48 mo. 11.500 11.500 $26.10
>$15k, 72 mo. 5.500 5.500 $16.34
Used Autos, Trucks, Vans – Model year 2014 – 2018, up to 100k mi 
Variable rate on 72 mos. 60 mos available on cars valued over $3,500, 72 mos available on cars valued over $10,000.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
No money down! You may be able to borrow up to 115% of the car’s value.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 3.24 3.24 $29.19
60 mos 3.49 3.49 $18.19
72 mos 4.49 4.49 $15.87
Used Autos, Trucks, Vans- Model year 2013 and older or 100k+ miles
Variable rate on 72 mos. 72 mos available on cars valued over $10,000.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
No money down! Borrow up to 115% of the car’s value.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 5.24 5.24 $30.08
60 mos 5.74 5.74 $19.22
72 mos 6.24 6.24 $16.69
Used Boats, Motorcycles, ATVs
Variable rate 72 mos. 60 mos available on items valued over $3,500, 72 mos available on items valued over $20,000. 120 mos available on boats valued over $30,000.
The rate shown is the lowest available rate. Your rate may be higher depending on your credit score. Approval is not based on credit score.
Term Base Rate Apr* Payments per $1,000 borrowed
36 mos 5.99 5.99 $30.42
60 mos 6.99 6.99 $19.80
72 mos 6.99 6.99 $17.05
120 mos 6.99 6.99 $11.61 Boats valued over $30,000 only
Visa
$10,000 maximum. No annual fee, fixed rate. The rate shown is the rate you pay, regardless of credit score.
Term Rate Apr* Payments per $1,000 borrowed
n/a 9.900 9.900 $20.00
* Annual Percentage Rate
Rates accurate as of 11/29/18. All rates subject to change.