Consumer Loan Rates Massachusetts
Personal, Auto & Home Equity Loan Rates Massachusetts
Annual Percentage Rates (APRs) effective as of May 24, 2022 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 |
4.00%2 | 240 mos. | $10.12 Payment example based on 10 year term |
Personal Line of Credit
|
$500 |
$3,000 |
10.00%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 4.00% as of May 24, 2022.
3 APR is variable and based on Wall Street Journal Prime Rate plus 6.00%. Prime rate is currently 4.00% as of May 24, 2022.
Model Year | APR | Max Term | Monthly Payment Examples per $1,000 |
|
---|---|---|---|---|
Automobile Loans (new) |
2021 - New |
3.25%1 |
60 mos. | $18.08 |
2021 - New |
3.75%1 | 72 mos. for loans over $20,000 | $15.53 |
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) | 2014 - 2020 | 4.00%1 | 60 mos. | $18.42 |
2013 & 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 |
3.875% 4.24% 4.49% 4.74% |
$18.36 $10.24 $7.64 $6.46 |
4 Up to 80% Loan-to-Value (LTV) of the market value.
Terms | APR | |
---|---|---|
Adjustable Rate Home Equity Line of Credit |
10 Year Draw Period 10 Year Repayment |
3.75%5
|
5The APR is variable and based on WSJ Prime Rate minus 0.25%. Prime rate is currently 4.00% as of May 24, 2022. Minimum APR is 3.25%. 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.