Consumer Loan Rates

Effective as of 10/28/2020

Rates subject to change without notice. All loans are subject to credit and underwriting approval.

Mass Save® Heat Loans

No-interest loans are available for home energy efficiency improvements through the Mass Save HEAT Loan Program. Customers must meet program eligibility requirements to participate. Eligibility for the HEAT Loan Program is based on completing a Home Energy Assessment and pre-approval. Some restrictions apply and offers are subject to change or cancellation. Financing is subject to credit approval. Maximum loan amount $25,000. Additional terms and conditions apply. Visit MassSave.com or call 1-866-527-SAVE (7283) for details and to learn more about the program.
Lean More

Home Equity Loans

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 or membership fees. Rate reduced 1/4% on all equity loans with automatic loan payment from MFB deposit account. Available only for owner occupied 1-2 family residence. (Registry recording fees will apply.)

Learn more.

Max. Term

Annual Percentage Rate

Payment per $1,000

60 months3.75%$18.31
120 months3.99%$10.12
180 months4.75%$7.78
240 months4.99%$6.60

Home Equity Line of Credit

Rate equals Prime minus 0.50% for life of loan. Minimum rate is 4%. Maximum rate is 18% (Rate subject to change after origination). Combination of first mortgage with equity line may not exceed $500,000, maximum loan amount is $300,000, the maximum LTV is 80%. No application or membership fees. Available only for owner occupied 1-2 family primary residence. (Registry recording fees will apply.)

Learn more.

Home Improvement Loans

Fixed 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. Rate reduced 1/4% on all home improvement loans with automatic loan payment from MFB deposit account.

Learn more.

Max. Term

Annual Percentage Rate

Payment per $1,000

240 months5.24%$6.74

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 MFB deposit account.

Learn more.

Year

Max. Term

Annual
Percentage Rate

Payment
per $1,000

New Vehicle*
2020/2021
60 months3.00%$17.97
72 months3.74%$15.53
Used Vehicle*
2020
60 months4.50%$18.65
201954 months4.50%$20.49
201848 months4.50%$22.81
201742 months4.50%$25.78
201636 months4.50%$29.75
2015/201424 months4.50%$43.65

Personal Loans

Fixed rates shown. Rate reduced 1/4% on all personal loans with automatic loan payment from MFB deposit account.

Learn more.

Unsecured Personal Loan

Max. Term

Amount

Annual
Percentage Rate

Payment
per $1,000

36 monthsup to $5,00012.00%$33.22
60 monthsup to $15,00012.00%$22.25