Effective as of 2/22/12
(subject to change without notice; lending area limited to MA, RI and Northern CT)
Home Equity Loan
Combination of first mortgage with equity loan may not exceed $500,000 to qualify for rates below, the maximum LTV is 80%. Maximum loan amount is $300,000. No application or processing fees. Rate reduced 1/4% on all equity loans with automatic loan payment from MFS&LA deposit account. Available only for owner occupied 1-2 family residence. (Registry recording fees will apply.) Learn more
| Annual Percentage Rate | Max. Term | Payment per $1,000 |
| 4.24% | 60 months | $18.53 |
| 4.875% | 120 months | $10.55 |
| 5.24% | 180 months | $8.03 |
| 5.75% | 240 months | $7.02 |
Home Equity Line of Credit
Rate equals Prime plus 0% for life of loan with a minimum rate of 4%.
(Rate subject to change after origination)
Combination of first mortgage with equity line may not exceed $500,000 to qualify for rates above, maximum loan amount is $300,000, the maximum LTV is 80%. No application fees. Available only for owner occupied 1-2 family primary residence. (Registry recording fees will apply.) Learn more
Home Improvement Loans
5/5 Adjustable rate home improvement loans.
Secured 1 family, maximum loan $50,000, maximum term 20 years.
Secured 2-4 family, maximum loan $50,000, maximum term 15 years.
Unsecured home improvement loan, maximum loan $5,000, maximum term 5 years.
Home Improvement loans in excess of 80% LTV must be board approved. Rate reduced 1/4% on all home improvement loans with automatic loan payment from MFS&LA deposit account. Learn more
| Annual Percentage Rate | Max. Term | Payment Per $1,000 |
| 5.50% | 240 Months | $6.88 |
Motor Vehicle Loans
Fixed rates shown below. Annual adjustable rate loans available at 1/2% below. Rate for adjustable motor vehicle loan may increase after first year. Rates reduced 1/4% on all motor vehicle loans with automatic loan payment from MFS&LA deposit account. Learn more
| Description | Year | Annual Percentage Rate |
Max. Term | Payment Per $1,000 |
| New Vehicle* | 2012/2011 | 3.75% | 60 months | $18.30 |
| 4.75% | 72 months | $15.99 | ||
| Used Vehicle* | 2011 | 6.50% | 60 months | $19.57 |
| 2010 | 6.50% | 54 months | $21.41 | |
| 2009 | 6.50% | 48 months | $23.72 | |
| 2008 | 6.50% | 42 months | $26.69 | |
| 2007 | 6.50% | 36 months | $30.65 | |
| 2006/2005 | 6.50% | 24 months | $44.55 |
*Minimum down payment 25% of sticker price, not eligible for reduced automatic payment rate.
100% financing available at 1% higher with minimum FICO score of 720.
**Minimum down payment $1,000 or equivalent trade in.
Personal Unsecured Loans
Maximum loan amount $10,000 for 5 years.Adjustable Rate may increase after first year
Rate reduced 1/4% on all personal loans with automatic loan payment from MFS&LA deposit account. Learn more
| Annual Percentage Rate | Max. Term | Payment Per $1,000 |
| 12.00% | 36 months | $33.21 |