Loan Rates

 

Rates effective Sunday, August 20, 2017. Rates subject to change. Personal Loans are only available to residents of Massachusetts and Rhode Island.

Personal Loans*

Loans for any purpose with amounts up to $15,000. 

Personal Loans up to and including $10,000.00

Loans from $10,001.00 to $15,000.00

* Rates posted for personal loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Relationship Checking account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction. Subject to credit approval. Fees may apply. 
**Annual Percentage Rate

Rates are subject to change without notice. Personal Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!


 

Consolidation Loans*

Consolidation Loans up to and including $10,000.00

* Rates posted for personal and consolidation loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Relationship Checking account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction. Subject to credit approval. Fees may apply.
**Annual Percentage Rate

Rates are subject to change without notice. Consolidation Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!


 

Automobile Loans

Used* (10% down payment)
2010 - 2015 Models

New*(5% down payment)
2016-2017 Models

*Rates posted for automobile loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Relationship Checking account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction. Subject to credit approval. Fees may apply.
**Annual Percentage Rate

Rates are subject to change without notice. Automobile Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!


Boat Loans*

The simple boat loan to get you out onto the water!

Loans from $5,000-$50,000

Loans from $50,001-$100,000

Loans from $100,001-$200,000

Loans from $200,001-$500,000

 

* Rates posted for boat loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Subject to credit approval. Fees may apply.

**Annual Percentage Rate

Rates are subject to change without notice. Boat Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!

 


Recreational Vehicle (RV) Loans*

Loans for RVs, Trailers, Campers, Pop-Ups, and more! Rates below are for RV Motor Homes. Contact us for other vehicle types. 

* Rates posted for recreational vehicle loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Relationship Checking account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction. Subject to credit approval. Fees may apply.
**Annual Percentage Rate

Rates are subject to change without notice. RV Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!

 


Smart Dollar Loan Program

A loan program for customers to establish credit with a small personal loan with built-in savings!

*A savings account will be established whereby a minimum of $10.00 will be deposited on a monthly basis. This amount will be included in your monthly loan payment. Interest will be earned in accordance with the terms of BankFive's regular savings account program. 

**Annual Percentage Rate. Subject to credit approval. Interest rate set to Wall Street Journal Prime rate at time of closing. The annual percentage rate will never be less than 5% or higher than 18% per annum. Monthly payment per $1,000 borrowed at 5% for 36 months is $29.97.

Rates are subject to change without notice. Smart Dollar Loans are only available to residents of Massachusetts and Rhode Island.

Apply Online Today!

If you have any questions about any of our personal loan, click here to contact us today!