A financial lifeline for those impacted by COVID-19.
We know that many of our neighbors in Massachusetts and Rhode Island are experiencing financial hardships as a result of COVID-19. We are committed to helping our community, and the people in it, during this challenging time. As part of that commitment, we have developed the COVID-19 Loan Program, an unsecured personal loan with no interest accruing, or payments due, for the first 6 months of the loan term.
Introducing the COVID-19 Loan Program:
- Borrow between $500 and $3,000 through an unsecured personal loan
- 18 month term, with no interest accrual or payments due for the first 6 months
- Fixed interest rate for the life of the loan at 5.55% APR*
- No prepayment penalty
- No application fee, origination fee, or closing costs
*APR = Annual Percentage Rate. Subject to credit approval. Minimum FICO score of 680. Borrower must have no delinquencies for 6 months prior to March 10, 2020, the date Governor Baker declared a State of Emergency in Massachusetts. 18 month loan term. Interest and payments are deferred for the initial 6 months of the loan term. Following the initial deferment, principal and interest payments will calculate over the following 12 months. Monthly payment per $1,000 borrowed at 5.55% with a 12 month repayment period would be $85.86. Only available to residents of Massachusetts and Rhode Island.
Learn about other loan options and check current rates.