East Boston Savings Bank may be able to help you when you need some financial assistance to get through with your life.
The bank offers a wide variety of personal lending products that can help you finance the important expenses of your life. It is one of the leading personal loan lenders in Massachusetts.
Whether you want to plan a family vacation, pay child’s education, buy a new car, or consolidate multiple debts, you can get the right personal loan product that fits your needs.
The bank has several personal lending options that you could obtain easily if you have a consistent income, employment, and a good credit rating. It also offers the best competitive interest rates and flexible repayment terms on its personal loans.
Types of Personal Financing Options at East Boston Savings
Having some understanding of the borrowing solutions offered by the bank will allow you to make an informed approach while making your loan application.
If you are looking for fast cash to finance a big purchase such as home repair, a brand new car, or some unexpected expenses, use your home’s equity to secure a line of credit from East Boston Savings Bank.
Home equity line of credit is a convenient way to get instant access to cash whenever you need it. Use your home equity credit line for debt consolidation and pay only one payment each month.
Features of HELOC at East Boston Savings Bank
The bank offers introductory HELOC program to 1-3 family owner occupied properties in New Hampshire and Massachusetts.
Your loan amount will depend on your credit score, income, loan to value (LTV), and combined loan to value (CLTV).
The bank offers loan amounts from $25,000 to $500,000, and your interest payments may be tax deductible.
It is important for you to know that there is an annual fee of $50 and early termination fee of $500 for credit lines closed within the initial 24 months.
The bank may charge you closing costs and additional fees if the loan will be a first lien.
New or Used Auto Loans
East Boston Savings Bank has helped thousands of customers to finance their dream car. The bank offers used and new auto loans at best competitive rates and affordable repayment terms.
Auto loan amounts of up to $50,000 is available for eligible borrowers and no down payment is required for new cars.
The bank requires 10% down payment for used cars.
A variety of repayment terms are available and you can get a.25% rate reduction when you allow payments made automatically from your East Boston’s savings or checking account.
The bank offers its auto loan products to Massachusetts residents only.
Credit Builder Loan
This loan product is a convenient way to establish or enhance your credit history with a low fixed interest rate.
Credit Builder loan from East Boston Savings Bank is an unsecured loan that offers affordable interest rates and affordable repayment periods. This loan is available only to the residents of Massachusetts.
Make your monthly repayments on time and re-establish your credit.
You can call 800-657-3272 or visit a local branch to get further information on the available loan products that you qualify for.