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 02/01/26 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 | 7.750% | 0 | 7.793% | $8.21 |
| 15 Year - Apply Now | 7.500% | 0 | 7.551% | $9.28 |
| 10 Year - Apply Now | 7.375% | 0 | 7.443% | $11.81 |
| 5 Year - Apply Now | 7.125% | 0 | 7.251% | $19.87 |
1st Lien
| Term | Rate | Points | APR* | Term Rate Points APR P&I Pmt (per $1,00) |
|---|---|---|---|---|
| 20 Year - Apply Now | 7.375% | 0 | 7.416% | $7.98 |
| 15 Year - Apply Now | 7.125% | 0 | 7.174% | $9.06 |
| 10 Year- Apply Now | 7.000% | 0 | 7.066% | $11.62 |
| 5 Year - Apply Now | 6.750% | 0 | 6.869% | $19.69 |
*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 - 6.75% | 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 6.75%), 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 - 7.00% | 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 6.75%) 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.