Mass Bay Credit Union will never call and ask you for account or other personal information. We recognize that there are people hoping to gain access to your deposit accounts, debit card, credit card and other personal information to make purchases and access your money. Do not become a victim. If someone calls you, and the caller ID is our phone number, we ask that you do NOT give out or confirm your personal information, account numbers, PINs, social security or other sensitive information. Hang up, do not press re-dial, and call us at 617-269-2700. Do not be coaxed via text or email either! We want to keep you safe from fraudsters.
xLoan Rates
All Rates and Terms are subject to change without notice.
New and Used Auto, Auto Lease Buy-outs, and Motorcycle Loans
4 Year Auto Loans
Car Type |
Term (Months) |
APR+ |
Payment per $1,000* |
|---|---|---|---|
| New < 25K miles | 48 | 4.99%* | $23.02 |
| Used > 25K miles | 48 | 5.24%* | $23.14 |
| 2018 or older | 48 | 9.99%* | $25.36 |
5 Year Auto Loans
Car Type |
Term (Months) |
APR+ |
Payment per $1,000* |
|---|---|---|---|
| New < 25K miles | 60 | 5.49%* | $19.10 |
| Used > 25K miles | 60 | 5.99%* | $19.33 |
| 2018 or older | 60 | 10.49%* | $21.49 |
6 Year Auto Loans
Car Type |
Term (Months) |
APR+ |
Payment per $1,000* |
|---|---|---|---|
| New < 25K miles | 72 | 5.99%* | $16.57 |
| Used > 25K miles | 72 | 6.74%* | $16.92 |
See disclaimers, disclosures, and additional text.
*APR=Annual Percentage Rate. APR includes a .25% discount for automatic payments. 4.99% APR is for terms up to 48 months for vehicles with less than 25,000 miles. Monthly payment is $23.02 per $1,000 borrowed. 5.24% APR without automatic payments. Monthly payment without automatic payments is $23.14 per $1,000 borrowed. 5.24% APR is for terms up to 48 months for vehicles with more than 25,000 miles. Monthly payment is $23.14 per $1,000 borrowed. 5.49% APR without automatic payments. Monthly payment without automatic payments is $23.25 per $1,000 borrowed. 9.99% APR is for terms up to 48 months for used car models from 2018 or older. Monthly payment is $25.36 per $1,000 borrowed. 10.24% APR without automatic payments. Monthly payment without automatic payments is $25.48 per $1,000 borrowed. Other rates and terms are available. Up to 105% financing based on the JD Power retail value. Qualification restrictions apply. Rate, term and approval based on credit worthiness. Rates are subject to change without notice.
*APR= Annual Percentage Rate. Maximum term for new auto and motorcycle loans is 72 months.
*Payments may be deferred up to 60 days. Interest will begin to accrue on the date the loan is funded. Payments will be applied to the interest accrued and then applied to the principal due. Subject to credit approval. Rate, term and approval based on credit worthiness.
Personal Loans
|
Type
|
APR+
|
Term (in Months)
|
Payment Per $1,000*
|
|---|---|---|---|
| Credit Card Rewrite | 8.99% | 48 | $24.88 |
| Vacation/Holiday | 7.49% | 18 | $58.91 |
| Personal Unsecured | 8.99% | 48 | $24.88 |
| Lifestyle | 7.80% | 30 | $36.80 |
+APR= Annual Percentage Rate. *Qualification restrictions apply. Rates shown are lowest rate. Other rates and terms are available. Rate, term and approval based on credit worthiness.
10 & Done - 10 Year Fixed Home Loan Rates
| Interest Rate | APR* | Term* | Payment Per $1,000* |
|---|---|---|---|
|
6.750% |
7.09% |
10 Years (120 months) |
$11.48 |
*APR = Annual Percentage Rate. Interest Rate and APR are as of November 19, 2024 and subject to change without notice. The APR is calculated based on a loan amount of $100,000 for a term of 10 years or 120 months. Payments are $11.48 per $1,000 borrowed. Owner occupied condos and single-family primary residences only. Payment doesn’t include taxes, insurance, or HOA fees. The actual payment obligation will be greater. Maximum loan amount is $300,000. The maximum LTV is 80% up to $200,000. The maximum LTV is 70% for loans over $200,000 up to $300,000. Loan must be in first lien position. Other terms and restrictions apply including a 620 minimum credit score. Proof of adequate property insurance required, and flood insurance may also be required. Subject to credit approval. $1,499 closing costs apply. NMLS ID #615913. Subject to membership eligibility, see our website for details.
First Mortgages
| View fixed or adjustable rate options. |
Home Equity Lines of Credit
| Interest Rate | APR+ | Term | Payment Per $1,000** |
|---|---|---|---|
| Intro Rate 3.49% for 6 months then Prime minus 0.75%* | 3.49% for first 6 months then 6.75%* | 10 Year Draw/ 15 Year Repayment |
$5.63 (Interest Only Period) $8.85 (Repayment Period) |
+APR= Annual Percentage Rate.
*3.49% Annual Percentage Rate (APR) is an introductory rate for the first six months. After the introductory period, rate on the outstanding balances will revert to Prime Rate as published in the Wall Street Journal on the first day of the calendar month minus (-) 0.75%. Prime rate as of 12/19/2024 is 7.50%. The APR may vary monthly. Minimum rate 3.75% and maximum rate 18.00%. 10 year draw period. 15 year repayment period. Minimum $10,000 draw at closing and $1,000 advances thereafter. The maximum LTV is 80% up to $200,000.
** Payment per thousand based on minimum rate after introductory period.
Fixed Rate Home Equity Loans
| Points | Interest Rate | APR+ | Payment Per $1,000* | |
|---|---|---|---|---|
| 5 Year Fixed Rate | 0 | 6.750% | 6.750% | $19.68 |
| 10 Year Fixed Rate | 0 | 6.750% | 6.750% | $11.48 |
| 15 Year Fixed Rate | 0 | 7.125% | 7.125% | $9.06 |
| 20 Year Fixed Rate | 0 | 7.250% | 7.250% | $7.90 |
+APR= Annual Percentage Rate. Rates are based on annual percentage rate. Qualification restrictions apply.
*Payments do not include taxes & insurance, as result your payment may be greater. Your payment may be greater if the loan is secured by a first lien. Property insurance is required and Flood insurance may also be required.
Please contact Mass Bay Credit Union for your individual rate quote.
All loans are subject to membership eligibility. Current Rates - Effective March 4, 2025.