How you use the money is up to you!
We make it easy for you to apply, and we’ll get a decision back fast.
- Home improvements
- New Car
- College Tuition
- Consolidate Existing Loans
Current Rates
Current rates effective 09/18/25 and are subject to change without notice.
2nd Lien
| Term | Rate | Points | APR* | Term Rate Points APR P&I Pmt (per $1,00) |
|---|---|---|---|---|
| 20 Year - Apply Now | 7.875% | 0 | 7.920% | $8.29 |
| 15 Year - Apply Now | 7.625% | 0 | 7.677% | $9.35 |
| 10 Year - Apply Now | 7.500% | 0 | 7.571% | $11.88 |
| 5 Year - Apply Now | 7.250% | 0 | 7.377% | $19.92 |
1st Lien
| Term | Rate | Points | APR* | Term Rate Points APR P&I Pmt (per $1,00) |
|---|---|---|---|---|
| 20 Year - Apply Now | 7.500% | 0 | 7.542% | $8.06 |
| 15 Year - Apply Now | 7.250% | 0 | 7.299% | $9.13 |
| 10 Year- Apply Now | 7.125% | 0 | 7.192% | $11.68 |
| 5 Year - Apply Now | 6.875% | 0 | 6.996% | $19.75 |
*APR (Annual Percentage Rate) is subject to change without notice. Subject to credit approval. $10,000 minimum loan amount, $500,000 maximum loan amount. Eligible properties include 1-4 family primary residences or second homes (single family home or condos). Property insurance is required.
Home Equity Line of Credit/HELOC
Ideal for homeowners looking to borrow money as they need it. With a Magyar Home Equity Line of Credit, you can access
your money simply by writing a check.
| Current Interest Rate/APR - 7.25% | For loans with Auto Pay from a Magyar checking account and a Combined Loan To Value up to 80.00% APR is Prime Rate as published in the Wall Street Journal (currently 7.25%), with a floor of 5.50%. Interest Rate/APR subject to change. Subject to credit approval. | Payment - Minimum monthly payment will be based on interest due during the initial 10 year draw period. Term - 10 years draw period followed by a 15 year amortized repayment period $25 annual maintenance fee. $400 early termination fee if the line of credit is closed within 24 months of opening. | Apply Now |
|---|---|---|---|
| Current Interest Rate/APR - 7.50% | For loans with no Auto Pay from a Magyar checking account and a Combined Loan To Value up to 80.00% APR is Prime Rate as published in the Wall Street Journal (currently 7.25%) plus 0.25%, with a floor of 5.50%. Interest Rate/APR subject to change. Subject to credit approval. | Payment - Minimum monthly payment will be based on interest due during the initial 10 year draw period. Term - 10 years draw period followed by a 15 year amortized repayment period $25 annual maintenance fee. $400 early termination fee if the line of credit is closed within 24 months of opening. | Apply Now |
Visit any Magyar Bank location, call 1-888-990-BANK or complete our contact form for more information and to open your account.