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Loan Rates

Find the right rate to finance your next purchase!

Vehicle Loans

New Cars, Trucks, and 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.

Term (Mo.) 36
Base Rate 1.99
APR* 1.99
Payments per $1,000 borrowed $28.64
Term (Mo.) 60
Base Rate 1.99
APR* 1.99
Payments per $1,000 borrowed $17.52
Term (Mo.) 72
Base Rate 1.99
APR* 1.99
Payments per $1,000 borrowed $14.75
Term (Mo.) 84
Base Rate 3.74
APR* 3.74
Payments per $1,000 borrowed $13.55
Term (Mo.) Base Rate APR* Payments per $1,000 borrowed
36 1.99 1.99 $28.64
60 1.99 1.99 $17.52
72 1.99 1.99 $14.75
84 3.74 3.74 $13.55

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. Learn More.

Used Cars, Trucks, and Vans (2017-2021)

Below are loan details for used car and truck loans for vehicles 2017 to 2021 that have up to 100K miles.

Term (Mo.) 36
Base Rate 2.74
APR* 2.74
Payments Per $1000 Borrowed $28.97
Term (Mo.) 60
Base Rate 2.99
APR* 2.99
Payments Per $1000 Borrowed $17.96
Term (Mo.) 72
Base Rate 3.49
APR* 3.49
Payments Per $1000 Borrowed $15.41
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
36 2.74 2.74 $28.97
60 2.99 2.99 $17.96
72 3.49 3.49 $15.41

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. Learn More.

Used Cars, Trucks, and Vans (2016 or Older)

Below are loan details for used car and truck loans for vehicles that are 2016 or older or have more than 100K miles.

Term (Mo.) 36
Base Rate 4.99
APR* 4.99
Payments Per $1000 Borrowed $29.97
Term (Mo.) 60
Base Rate 5.24
APR* 5.24
Payments Per $1000 Borrowed $18.98
Term (Mo.) 72
Base Rate 5.74
APR* 5.74
Payments Per $1000 Borrowed $16.45
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
36 4.99 4.99 $29.97
60 5.24 5.24 $18.98
72 5.74 5.74 $16.45

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. Learn More.

New Motorcycles, Boats, and ATVs
Term (Mo.) 36
Base Rate 3.99
APR* 3.99
Payments Per $1000 Borrowed $29.52
Term (Mo.) 60
Base Rate 4.24
APR* 4.24
Payments Per $1000 Borrowed $18.53
Term (Mo.) 72
Base Rate 4.49
APR* 4.49
Payments Per $1000 Borrowed $15.87
Term (Mo.) 84
Base Rate 5.99
APR* 5.99
Payments Per $1000 Borrowed $14.61 *Vehicles valued over $30K
Term (Mo.) 120
Base Rate 5.99
APR* 5.99
Payments Per $1000 Borrowed $11.10 *Vehicles valued over $30K
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
36 3.99 3.99 $29.52
60 4.24 4.24 $18.53
72 4.49 4.49 $15.87
84 5.99 5.99 $14.61 *Vehicles valued over $30K
120 5.99 5.99 $11.10 *Vehicles valued over $30K

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. Learn More.

Used Motorcycles, Boats, and ATVs
Term (Mo.) 36
Base Rate 5.99
APR* 5.99
Payments Per $1000 Borrowed $30.42

Term (Mo.) 60
Base Rate 6.99
APR* 6.99
Payments Per $1000 Borrowed $19.80

Term (Mo.) 72
Base Rate 6.99
APR* 6.99
Payments Per $1000 Borrowed $17.05

Term (Mo.) 120
Base Rate 5.99
APR* 5.99
Payments Per $1000 Borrowed $11.61 *Vehicles valued over $30K
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
36 5.99 5.99 $30.42
60 6.99 6.99 $19.80
72 6.99 6.99 $17.05
120 5.99 5.99 $11.61 *Vehicles valued over $30K

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. Learn More.

New and Used RVs, Houseboats, and Cabin Cruisers
Term (Mo.) 60
Amount Up to $15K
Base Rate 9.50
APR* 9.50
Payments Per $1000 Borrowed $21.00

Term (Mo.) 84
Amount $15K – $30K
Base Rate 4.50
APR* 4.50
Payments Per $1000 Borrowed $13.90

Term (Mo.) 120
Amount $30K – $50K
Base Rate 4.50
APR* 4.50
Payments Per $1000 Borrowed $10.36

Term (Mo.) 180
Amount More than $50K
Base Rate 5.50
APR* 5.50
Payments Per $1000 Borrowed $8.30
Term (Mo.) Amount Base Rate APR* Payments Per $1000 Borrowed
60 Up to $15K 9.50 9.50 $21.00
84 $15K – $30K 4.50 4.50 $13.90
120 $30K – $50K 4.50 4.50 $10.36
180 More than $50K 5.50 5.50 $8.30

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. Learn More.

Home Loans

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 Mortgage Loans page.

Home Equity Loan
Term (Mo.) 36
Base Rate 2.74
APR* 2.74
Payments Per $1000 Borrowed $28.97
Term (Mo.) 60
Base Rate 2.99
APR* 2.99
Payments Per $1000 Borrowed $17.96
Term (Mo.) 72
Base Rate 3.49
APR* 3.49
Payments Per $1000 Borrowed $15.41
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
36 2.74 2.74 $28.97
60 2.99 2.99 $17.96
72 3.49 3.49 $15.41

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. Learn More. 

Home Equity Line of Credit
Below are loan details for used car and truck loans for vehicles that are 2016 or older or have more than 100K miles.

Term (Mo.) 60
Base Rate 12.240
APR* 12.240
Payments Per $1000 Borrowed $22.37
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
60 12.240 12.240 $22.37

$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. Learn More.

Unimproved Property Loan
Term (Mo.) 5
Base Rate 7.00
APR* 7.669
Payments Per $1000 Borrowed $19.80
Term (Mo.) 10
Base Rate 7.50
APR* 7.872
Payments Per $1000 Borrowed $11.87
Term (Mo.) 15
Base Rate 8.00
APR* 8.278
Payments Per $1000 Borrowed $9.56
Term (Yr.) Base Rate APR* Payments Per $1000 Borrowed
5 7.00 7.669 $19.80
10 7.50 7.872 $11.87
15 8.00 8.278 $9.56

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%.

Personal Loans

Personal Loan
Term (Mo.) 60
Base Rate 12.240
APR* 12.240
Payments Per $1000 Borrowed $22.37
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
60 12.240 12.240 $22.37

$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. Learn More.

90-Day Note
Term (Mo.) 90
Base Rate 12.240
APR* 12.240
Payments Per $1000 Borrowed $1030.85
Term (Days) Base Rate APR* Payments Per $1000 Borrowed
90 12.240 12.240 $1030.85

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. Learn More.

Holiday Loan
Term (Mo.) 12
Base Rate 5.750
APR* 5.750
Payments Per $1000 Borrowed $85.73
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
12 5.750 5.750 $85.73

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. Learn More.

Pledge Loan
Type TSA Lump-Sum
Rate TSA rate + 2%
Due Due upon TSA maturity
Type Share Lump-Sum
Rate Share rate + 2%
Due Due upon TSA maturity
Type Share Periodic Payments
Rate Share rate + 2.5%
Due Due date is 12 months
Type Rate Due
TSA Lump-Sum TSA rate + 2% Due upon TSA maturity
Share Lump-Sum Share rate + 2% Due upon TSA maturity
Share Periodic Payments Share rate + 2.5% Due date is 12 months

The rate shown is the rate you pay, regardless of credit score. Learn More.

Farm Equipment Loans

New Farm Equipment Loan
Term (Mo.) 72
Base Rate 4.50
APR* 4.50
Payments Per $1000 Borrowed $15.87
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
72 4.50 4.50 $15.87

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.

Used Farm Equipment Loan
Term (Mo.) 72
Base Rate 5.50
APR* 5.50
Payments Per $1000 Borrowed $19.29
Term (Mo.) Base Rate APR* Payments Per $1000 Borrowed
72 5.50 5.50 $19.29

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.

Credit Cards

Credit Card Rates

Learn more about our Credit Card Options!  Build credit, earn rewards, shop safely online