Consumer Loan Rates

Effective as of 12/14/2018
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/HEATLoan or call 1-866-527-SAVE(7283) for details and to learn more about the program. 

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

Annual Percentage RateMax. TermPayment per $1,000
3.50%60 months$18.20
4.24%120 months$10.24
4.50%180 months$7.65
4.99%240 months$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

Annual Percentage RateMax. TermPayment per $1,000
5.24%240 months$6.73

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. * Not eligible for reduced automatic payment rate. Learn more

DescriptionYearAnnual
Percentage Rate
Max. TermPayment
per $1,000
New Vehicle
Special*
2019/20182.99%60 months$17.96
3.74%72 months$15.53
Used Vehicle20184.50%60 months$18.64
20174.50%54 months$20.49
20164.50%48 months$22.80
20154.50%42 months$25.78
20144.50%36 months$29.75
2013/20124.50%24 months$43.65

Personal Loans Fixed rate shown. Rate reduced 1/4% on all personal loans with automatic loan payment from MFB deposit account. Learn more

DescriptionAnnual
Percentage Rate
AmountMax. TermPayment
per $1,000
Unsecured Personal Loan12.00%up to $5,00036$33.21
12.00%up to $15,00060$22.24

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