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Consumer Loan Rates Massachusetts


Personal, Auto & Home Equity Loan Rates Massachusetts

Annual Percentage Rates (APRs) effective as of January 12, 2024 and are subject to change at any time. Offer of credit is subject to approval.

 Mass Save HEAT Loans


Type  Minimum Loan Maximum Loan APR Max Term Monthly Payment Examples per $1,000
Micro HEAT Loan1 Unsecured $500 $2,000 0.00% 24 mos. $41.67
Standard HEAT Loan1 Unsecured $2,001 $15,000 0.00% 84 mos. $11.90
Standard HEAT Loan1, 2 Secured $15,001 $25,000 0.00% 84 mos. $11.90

1UniBank does not offer HEAT Loans for condos, townhouses or commercial properties. Each Mass Save loan shall only be funded up to the amount of the Authorized Work. Checks must be made to the customer and the contractor(s) identified on the Authorization Form. The Property must be owner-occupied. 
2 UCC filing fee of $75 required by applicant. 


Type Maximum Loan APR Max Term Monthly Payment
Examples per $1,000
Personal Loan
(1,000 minimum)

Unsecured

$5,000

17.00%3 48 months $28.86

Unsecured

$5,000

14.00%3 12 months $89.79
 
3A .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

8.50%4 240 months $12.40

Payment example based on 10 year term
Personal Line of Credit

$500

$3,000

14.50%5 No Maximum
Home Improvement Fixed-Rate Loan

$1,000

$10,000

10.00%3 72 months $18.53
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3 A .25% reduction in the above rate is available at closing when signed up for auto deduction.
4 APR is variable and based on Wall Street Journal Prime Rate. Prime rate is currently 8.50% as of January 12, 2024.
5 APR is variable and based on Wall Street Journal Prime Rate plus 6.00%. Prime rate is currently 8.50% as of January 12, 2024.


Model Year APR Max Term Monthly Payment
Examples per $1,000
Automobile Loans (new)

2023 - New

7.00%3

60 months $19.80

2023 - New

7.50%3 72 months for loans over $20,000 $17.29
3A .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) 2016 - 2022 8.00%3 60 months $20.28

2015 & Older 8.75%3 48 months $24.77
 
3A .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 Equities6 5 Years
10 Years
15 Years
20 Years
6.99%
7.24%
7.49%
7.74%
$19.80
$11.73
$9.26
$8.20
6 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


8.25%7
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The APR is variable and based on WSJ Prime Rate minus 0.25%. Prime rate is currently 8.50% as of January 12, 2024. 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.
 
UniBank is currently only accepting applications for Home Equity Lines of Credit that meet the following Eligibility Criteria: You must have existing first or second (Lien) mortgage with UniBank;  or you have a first mortgage with another lender and you are applying with UniBank to refinance; or you have no mortgage lien on your property. Other conditions may apply.  Other conditions may apply.