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Current Rates

Rates effective as of

PERSONAL LOANS & LINES

AUTO LOANS
Type of Loan Description Maximum Term Interest Rate APR1 Monthly Payment Per $1,000
New Auto or Truck Model Year 2024 (never been titled) 72 Months
60 Months
7.000%
6.750%
7.464%
7.298%
$17.05
$19.68
Used/Refinance Auto or Truck Model Years 2021-2023 72 months 7.250% 7.716% $17.17
Used/Refinance Auto or Truck Model Years 2021-2023 60 months 6.950% 7.498% $19.78
  Model Years 2017-2020 48 months 7.150% 7.825% $24.01
  Model Years 2014-2016 36 months 9.250% 10.144% $31.91
  Model Years 2011-2013 36 months 10.250% 11.149% $32.38
           

 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at mymainstreetbank.bank.

1. Annual Percentage Rate(APR) based on an average loan of $15,000 with processing fee of $195.00. Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank account or an account at another institution. Add 0.25% to rates for payments not automatically transferred.

AUTO LOANS
Type of Loan
New Auto or Truck
 
Description
Model Year 2023 (never been titled)
Maximum Term
72 Months
60 Months
Interest Rate
7.000%
6.750%
APR1
7.464%
7.298%
Monthly Payment Per $1,000
$17.05
$19.68
Type of Loan
Used/Refinance Auto or Truck
 
Description
Model Years 2020-2022
Model Years 2020-2022
Model Years 2016-2019
Model Years 2013-2015
Model Years 2010-2012
 
Maximum Term
72 Months
60 Months
48 Months
36 Months
36 Months
 
Interest Rate
7.250%
6.950%
7.150%
9.250%
10.250%
 
APR1
7.716%
7.498%
7.825%
10.144%
11.149%
 
Monthly Payment Per $1,000
$17.17
$19.78
$24.01
$31.91
$32.38
 

 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at waynesavings.com.

1. Annual Percentage Rate(APR) based on an average loan of $15,000 with processing fee of $195.00. Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank checking or an account at another institution. Add 0.25% to rates for payments not automatically transferred.

CONSUMER LOANS
Type of Loan Description Maximum Term Interest Rate APR2 Monthly Payment Per $1,000
Appliances and Furniture   36 Months 12.500% 13.410% $33.45
New Boats Up to 20 Feet
21 - 30 Feet
Over 30 Feet
60 Months
84 Months
120 Months
11.250%
11.750%
12.250%
11.821%
12.179%
12.575%
$21.87
$17.52
$14.49
Used Boats 1 - 2 Model Years Old
3 -7 Model Years Old
8+ Model Years
36 Months
24 Months
No Consideration
12.250%
13.250%
 
13.159%
14.574%
 
$33.33
$47.66
 
Recreational Vehicles (including motorcycles and ATVs) New
1 - 3 Model Years Old
4 - 7 Model Years Old
8+ Model Years
60 Months
60 Months
48 Months
No Consideration
10.250%
11.250%
12.750%
 
10.815%
11.821%
13.453%
 
$21.37
$21.87
$26.70
 
Secured Loans Monthly Installments 36 Months 15.000% 15.923% $34.66
Unsecured Loans Monthly Installments 24 Months 16.000% 17.338% $48.96
Note Loans3 $0 - $10,000
$10,001+
6 Months
6 Months
12.000%
11.750%
16.267%
16.012%
 
 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767Call: 330.264.5767 or TOLL FREE 800.414.1103Call: 800.414.1103 to determine if these rates have changed, or check our website at mymainstreetbank.bank.

2. Annual Percentage Rate (APR) based on an average loan of $15,000 with processing fee of $195.00. Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank checking or an  account at another institution. Add 0.25% to rates for payments not automatically transferred.

3. Note Loans do not qualify for automatic transfer relationship rates.

Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank account or an account at another institution. Add 0.25% to rates for payments not automatically transferred.

CONSUMER LOANS
Type of Loan
Appliances and Furniture
 
Description
 
Maximum Term
36 Months
Interest Rate
12.500%
APR2
13.410%
Monthly Payment Per $1,000
$33.45
Type of Loan
New Boats
 
Description
Up to 20 Feet
21 - 30 Feet
Over 30 Feet
Maximum Term
60 Months
84 Months
120 Months
 
Interest Rate
11.250%
11.750%
12.250%
APR2
11.821%
12.179%
12.575%
Monthly Payment Per $1,000
$21.87
$17.52
$14.49
Type of Loan
Used Boats
 
Description
1 - 2 Model Years Old
3 -7 Model Years Old
8+ Model Years
Maximum Term
36 Months
24 Months
No Consideration
 
 
Interest Rate
12.250%
13.250%
 
APR2
13.159%
14.574%
 
Monthly Payment Per $1,000
$33.33
$47.66
 
Type of Loan
Recreational Vehicles (including motorcycles and ATVs)
 
Description
New
1 - 3 Model Years Old
4 - 7 Model Years Old
8+ Model Years
Maximum Term
60 Months
60 Months
48 Months
No Consideration
 
Interest Rate
10.250%
11.250%
12.750%
APR2
10.815%
11.821%
13.453%
Monthly Payment Per $1,000
$21.37
$21.87
$26.70
Type of Loan
Secured Loans
 
Description
Monthly Installments
Maximum Term
36 Months
 
Interest Rate
15.000%
 
APR2
15.923%
 
Monthly Payment Per $1,000
$34.66
 
Type of Loan
Unsecured Loans
 
Description
Monthly Installments
Maximum Term
24 Months
 
Interest Rate
16.000%
APR2
17.338%
Monthly Payment Per $1,000
$48.96
Type of Loan
Note Loans4
 
Description
$0 - $10,000
$10,001+
Maximum Term
6 Months
6 Months
 
Interest Rate
12.000%
11.750%
APR2
16.267%
16.012%

 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at waynesavings.com.

2. Annual Percentage Rate (APR) based on an average loan of $15,000 with processing fee of $195.00 (with exception of Relationship Personal Unsecured Loan - see below). Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank checking or an account at another institution. Add 0.25% to rates for payments not automatically transferred.

3. Exclusive for Main Street Bank customers (call for details and eligibility requirements). Processing fee of $100.00.  Annual Percentage Rate (APR) based on average loan of $10,000. Minimum loan amount of $1,000. Maximum loan amount of $15,000. Automatic Transfer: All rates subject to an automatic transfer of monthly payments. Transfer can be from a Main Street Bank account or an account at another institution.  Add 0.25% to rates for payments not automatically transferred.

4. Note Loans do not qualify for automatic transfer relationship rates.

HOME EQUITY LOANS
Credit Score Limit Interest Rate4
80.01% - 90% LTV
Interest Rate4
80% and Less LTV
APR
80.01% - 90% LTV
APR
80% and Less LTV
751 and Above  $5,000-$24,999  9.50% 9.00% 9.50% 9.00%
 $25,000-$49,999 9.25% 8.75% 9.25% 8.75%
 $50,000 and Above  9.00% 8.50% 9.00% 8.50%
711-750  $5,000-$24,999 10.25% 9.75% 10.25% 9.75%
 $25,000-$49,999 10.00% 9.50% 10.00% 9.50%
 $50,000 and Above  9.75% 9.25% 9.75% 9.25%
650-710  $5,000-$24,999 11.25% 10.75% 11.25% 10.75%
 $25,000-$49,999 11.00% 10.50% 11.00% 10.50%
 $50,000 and Above  10.75% 10.25% 10.75% 10.25%

 

 

 Prime Rate  8.50%
 Single Family Primary Residence/Owner Occupied Only
 Loan Origination Fee  $0
 Prepayment Penalty 1st 3 Years  $400
 Annual Fee - Assessed on anniversary date (waived the first year)  $75
 Addition to rate without auto deduct  0.25%
 Rate Ceiling   25.00%
 Rate Floor  5.00%
 Loan Term  25 years(Draw period of 10 years;repayment of 15 years)
 Minimum line amount  $5,000
Title insurance required and paid by customer if over $250,000 unless previous title policy provided  
 Full appraisal required and paid by customer with loan amounts over $250,000  
 Customer can request a full interior/exterior appraisal but will be charged $450 at closing
 Manufactured housing must meet criteria  Max LTV 80%
 *Must be converted to real estate on auditors card   
 *Must be double-wide  
 *Manufactured date of 2004 (20 yrs Old) or newer  
 *Must be on permanent foundation  
 Investment property  Not Eligible

 

 

 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at mymainstreetbank.bank.

4. Variable Rate: Annual Percentage Rate (APR) may vary. Maximum Annual Percentage Rate (APR) of 25.000%, minimum Annual Percentage Rate (APR) of 5.00%. The Annual Percentage Rates are variable and are based on The Wall Street Journal Prime.

Automatic Transfer: All rates subject to an automatic transfer of monthly payments. This transfer can be from a Main Street Bank account or an account at another institution. Add 0.25% to rates for payments not automatically transferred. 

Property insurance must be carried on the real property securing the account.

HOME EQUITY LOANS
Credit Score - 751 and Above
 
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
9.50%
9.25%
9.00%
Interest Rate5 80% and Less LTV
9.00%
8.75%
8.50%
APR
80.01% - 90% LTV

9.50%
9.25%
9.00%
APR
80% and Less LTV

9.00%
8.75%
8.50%
Credit Score - 711-750
 
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
10.25%
10.00%
9.75%
Interest Rate5 80% and Less LTV
9.75%
9.50%
9.25%
APR
80.01% - 90% LTV

10.25%
10.00%
9.75%
APR
80% and Less LTV

9.75%
9.50%
9.25%
Credit Score - 650-710
 
Limit
$5,000-$24,999
$25,000-$49,999
$50,000 and Above
Interest Rate 5 80.01% - 90% LTV
11.25%
11.00%
10.75%
Interest Rate5 80% and Less LTV
10.75%
10.50%
10.25%
APR
80.01% - 90% LTV

11.25%
11.00%
10.75%
APR
80% and Less LTV

10.75%
10.50%
10.25%

 

Prime Rate
8.50%
Single Family Primary Residence/Owner Occupied Only
Loan Origination Fee
$0
Prepayment Penalty 1st 3 Years
$400
Annual Fee - Assessed on anniversary date (waived the first year)
$75
Addition to rate without auto deduct from Main Street Bank checking
Rate Ceiling
Rate Floor
5.00%
Loan Term
25 years (Draw period of 10 years; repayment period of 15 years).
Minimum line amount
$5,000
Title insurance required and paid by customer if over $250,000 unless previous title policy provided
$250,000
Full appraisal required and paid by customer with loan amounts over
$250,000
Customer can request a full interior/exterior appraisal but will be charged $450 at closing
Manufactured housing must meet criteria
*Must be converted to real estate on auditors card
*Manufactured date of 2004 (20 yrs old) or newer
*Must be on permanent foundation
Investment property
Not Eligible

 

 

All lending products are subject to credit review and approval

Rates subject to change at any time. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at waynesavings.com.

5. Variable Rate: Annual Percentage Rate (APR) may vary. Maximum Annual Percentage Rate (APR) of 25.000%, minimum Annual Percentage Rate (APR) of 5.00%. The Annual Percentage Rates are variable and are based on The Wall Street Journal Prime.

Automatic Transfer: All rates subject to an automatic transfer of monthly payments. This transfer can be from a Main Street Bank checking account or an account at another institution. Add 0.25% to rates for payments not automatically transferred. 

Property insurance must be carried on the real property securing the account.

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