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 Loans & Lines of Credit
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.
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.
Lower Your Rate Even More With Co-op Points
That's right. With 2,500 Co-op Points, you can reduce your Personal Loan rate by 0.25%.
Personal Loan Rates
| Product | Annual Percentage Rate | Max Term | Limits |
|---|---|---|---|
| Personal | 11.99% | 48 Months^ | $25,000.00 |
| Personal | 13.49% | 60 Months^ | $25,000.00 |
| Personal Line of Credit | 18.00% | Revolving | $25,000.00 |
| Overdraft Line of Credit | 18.00% | Revolving | $25,000.00 |
| The current prime rate is: 6.75%. Rates effective as of August 3, 2026. Rates subject to change at any time. |
Payment example: 11.99% for 48 months equals $26.34 per $1,000 borrowed.
Payment example: 13.49% for 60 months equals $23.02 per $1,000 borrowed.
^ 60 month term available for loan amounts of $15,001 or greater. Terms up to 48 months available for loan amounts of $15,000 or less.
Financial Knowledge:
Disclosures
The current prime rate is: 6.75%. Rates effective as of August 3, 2026. Rates subject to change at any time.
•Maximum term for home heating is 12 months unless a Secondary Share Account has been established to pay for the following years heating expenses.
•Total amount of all unsecured loans and lines of credit may not exceed $50,000 per member.
Payment example: 12.99% for 48 months equals $26.83 per $1,000 borrowed.
Payment example: 13.99% for 60 months equals $23.37 per $1,000 borrowed.