Consumer Loan Rates Massachusetts
Personal, Auto & Home Equity Loan Rates Massachusetts
Annual Percentage Rates (APRs) effective as of January 23, 2020 and are subject to change at any time. Offer of credit is subject to approval.
| Type | Maximum Loan | APR | Max Term | Monthly Payment Examples per $1,000 |
|
|---|---|---|---|---|---|
|
Personal Loan
(1,000 minimum)
|
Unsecured |
$5,000 |
15.00%1 | 48 mos. | $27.83 |
|
Unsecured |
$5,000 |
12.00%1 | 12 mos. | $88.85 |
1A .25% reduction in the above rate is available at closing when signed up for auto deduction.
| Minimum Loan | Maximum Loan | APR | Max Term | Monthly Payment Examples per $1,000 |
|
|---|---|---|---|---|---|
|
CD/Savings Adjustable-Rate Loan
|
$1,000 |
$250,000 |
4.75%2 | No Maximum | $10.48 Payment example based on 10 year term |
|
Personal Line of Credit
|
$500 |
$3,000 |
10.75%3 | No Maximum | |
|
Home Improvement Fixed-Rate Loan
|
$1,000 |
$10,000 |
8.00%1 | 72 mos. | $17.53 |
1 A .25% reduction in the above rate is available at closing when signed up for auto deduction.
2 APR is variable and based on Wall Street Journal Prime Rate. Prime rate is currently 4.75% as of October 31, 2019.
3 APR is variable and based on Wall Street Journal Prime Rate plus 6.00%. Prime rate is currently 4.75% as of October 31, 2019.
| Model Year | APR | Max Term | Monthly Payment Examples per $1,000 |
|
|---|---|---|---|---|
| Automobile Loans (new) |
2019 - New |
3.75%1 |
60 mos. | $18.30 |
|
2019 - New |
4.00%1 | 72 mos. for loans over $20,000 | $15.65 |
1A .25% reduction in the above rate is available at closing when signed up for auto deduction. Financing available up to 100% of the contracted purchase price or MSRP, whichever is less.
| Model Year | APR | Max Term | Monthly Payment Examples per $1,000 |
|
|---|---|---|---|---|
| Automobile Loans (used) | 2012 - 2018 | 4.25%1 | 48 mos. | $22.69 |
| 2011 & Older | 4.75%1 | 48 mos. | $22.92 |
1A .25% reduction in the above rate is available at closing when signed up for auto deduction. Financing available up to 100% of the contracted purchase price or used car retail value, whichever is less.
| Terms | APR | Monthly Payment Examples per $1,000 |
|
|---|---|---|---|
| Fixed Term Home Equities4 | 5 Years 10 Years 15 Years 20 Years |
3.75% 4.00% 4.50% 4.99% |
$18.30 $10.12 $7.65 $6.59 |
4 Up to 85% Loan-to-Value (LTV) of the market value.
| Terms | APR | |
|---|---|---|
| Adjustable Rate Home Equity Line of Credit |
10 Year Draw Period 10 Year Repayment |
4.50%5
|
5The APR is variable and based on WSJ Prime Rate minus 0.25%. Prime rate is currently 4.75% as of October 31, 2019. Maximum APR is 18%. Homeowners and Flood insurance (where applicable) is required for the life of the loan. Offer available on primary owner occupied 1-4 family residences only. Other conditions may apply.