Bank · FDIC insured
Milford Federal Auto Loan Rates
Milford Federal auto loans start at 6.75% APR for a new vehicle and 7.25% for a used one. Rates checked October 15, 2026.
How Milford Federal’s auto loan rates compare
Compared with banks and credit unions near Worcester, MA, where Milford Federal has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Milford Federal
6.75%APR
- Terms
- up to 72 months
- Discount
- None included
Motor Vehicle Loans
Lowest rate
Hanscom Federal Credit Union
3.99%APR
- Terms
- up to 66 months
- Discount
- None included
2nd-lowest rate
Leominster Employees Federal Credit Union
4.24%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
Milford Federal auto loan score
62
Auto loan score
Higher than 5% of U.S. banks and credit unions
- New vehicleNew6.75%
- Used vehicleUsed7.25%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Milford Federal ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Motor Vehicle Loans
Available within lending area (Massachusetts, Rhode Island, and Northern CT). Fixed rates shown. Annually adjustable rate loans available at 1/2% below fixed rate (rate may increase after first year). Rates reduced 1/4% with automatic loan payment from a Milford Federal deposit account.
| Terms | APR | Conditions |
|---|---|---|
| up to 72 months | 6.75% | New Vehicle (2026/2027). Max term 72 months. Payment per $1,000 is $19.69. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
| up to 84 months | 7.50% | New Vehicle (2026/2027). Max term 84 months. Payment per $1,000 is $17.30. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
| up to 72 months | 7.25% | Used Vehicle (2026). Max term 72 months. Payment per $1,000 is $19.92. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
| up to 60 months | 7.25% | Used Vehicle (2025). Max term 60 months. Payment per $1,000 is $21.76. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
| up to 48 months | 7.75% | Used Vehicle (2023). Max term 48 months. Payment per $1,000 is $27.27. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
| up to 36 months | 7.75% | Used Vehicle (2021/2020). Max term 36 months. Payment per $1,000 is $45.12. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account. |
Sources (1)
- milfordfederal.com/auto-loan · captured Oct 5, 2026
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