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COVID-19 Updates - Important information regarding branch & service availability, remote banking options, resources for financial hardship, and more: Click Here

UMassFive has been approved to be a lender of the SBA's Payroll Protection Program (PPP) as a part of the recently passed 2020 CARES Act, and will be eligible to process PPP loans through the SBA's loan delivery system as soon as this system is made available to us. Please email our Commercial Services Division for additional information.

Personal Loans & Lines of Credit

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Whether you need a small personal loan or a large one, UMassFive offers low interest rates to meet your needs. Apply online or at a branch near you.

 

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Personal Loans:

A traditional loan for a set amount, with one disbursement and a fixed term.

  • Fixed monthly payment
  • Can be used for a wide variety of borrowing needs

Personal Lines of Credit:

Use as much or as little as you need, whenever you need it. This loan stays open, and you'll only repay what you use.

  • Payment is re-calculated each month as a percentage of the outstanding balance.
  • Overdraft Protection - Safeguard yourself from insufficient funds.

Personal Loan Rates

Product Annual Percentage Rate Max Term Limits
Personal 13.50% 48 Months $15,000.00
Personal Line of Credit 13.50% Revolving $25,000.00
Overdraft Line of Credit 13.50% Revolving $25,000.00
Computer 9.90% 48 Months $15,000.00
Home Improvement 5.75% 36 Months $15,000.00
Home Improvement 6.75% 60 Months $15,000.00
Home Improvement 10.50% 84 Months $15,000.00
Energy & Fuel Conservation 3.90% 24 Months $3,000.00

 

Ready to apply for your Personal Loan?

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