Consumer Loan Rates
Effective as of 1/19/2021
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.
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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.) | ||
Max. Term | Annual Percentage Rate | Payment per $1,000 |
| 60 months | 3.75% | $18.31 |
| 120 months | 3.99% | $10.12 |
| 180 months | 4.75% | $7.78 |
| 240 months | 4.99% | $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.)
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. | ||
Max. Term | Annual Percentage Rate | Payment per $1,000 |
| 240 months | 5.24% | $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. | |||
Year | Max. Term | Annual | Payment |
| New Vehicle* 2020/2021 | 60 months | 3.00% | $17.97 |
| 72 months | 3.74% | $15.53 | |
| Used Vehicle* 2020 | 60 months | 4.50% | $18.65 |
| 2019 | 54 months | 4.50% | $20.49 |
| 2018 | 48 months | 4.50% | $22.81 |
| 2017 | 42 months | 4.50% | $25.78 |
| 2016 | 36 months | 4.50% | $29.75 |
| 2015/2014 | 24 months | 4.50% | $43.65 |
Personal Loans | ||||
| Fixed rates shown. Rate reduced 1/4% on all personal loans with automatic loan payment from MFB deposit account. | ||||
Unsecured Personal Loan | Max. Term | Amount | Annual | Payment |
| 36 months | up to $5,000 | 12.00% | $33.22 | |
| 60 months | up to $15,000 | 12.00% | $22.25 | |
