Consumer Loans

Rates Accurate as of September 18, 2023

APR*	Maximum Term**	Payment/$1,000
5.875%	3 Years	$30.37
6.000%	4 Years	$23.49
6.250%	5 Years	$19.45

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Rates reflect a .25% discount for automatic payment from a Mechanics Cooperative Bank Checking Account. Add .25% to the new auto loan rates if automatic payment is not taken from a Mechanics Cooperative Bank Checking Account. Maximum of 100% of purchase price of vehicle not previously registered. The down payment must bring the loan amount to a value not to exceed NADA Retail Value. A purchase order must be submitted with all vehicle loan applications. Non-title security (U.C.C., etc.) will be considered at a rate of 0.50% higher than the above title vehicle rates. Insurance binder is required on all vehicle financing before loan proceeds are disbursed.

APR*	Maximum Term**	Payment/$1,000
6.500%	3 Years	$30.65
6.750%	4 Years	$23.83
6.990%	5 Years	$19.80

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Available for autos no more than 5 years old. Rates reflect a .25% discount for automatic payment from a Mechanics Cooperative Bank Checking Account. Add .25% to the used auto loan rates if automatic payment is not taken from a Mechanics Cooperative Bank Checking Account. The down payment must bring the loan amount to a value not to exceed NADA Retail Value. A purchase order must be submitted with all vehicle loan applications. Non-title security (U.C.C., etc.) will be considered at a rate of 0.50% higher than the above title vehicle rates. Insurance binder is required on all vehicle financing before loan proceeds are disbursed.

*Annual Percentage Rate (APR)

** 3 years equals 36 fixed monthly payments. 4 years equals 48 fixed monthly payments and 5 years equals 60 fixed monthly payments (4 and 5 years for auto loans only). Product offers, rates and all terms and other information provided are subject to change without notice. Subject to credit approval.

Rates Accurate as of September 18, 2023

Passbook Installment Loan	APR*	Maximum Term**	Payment/$1,000
	3.05%	5 Years	$2.97

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Only one loan is to be outstanding against any one passbook. Sample loan rate above will be 3.00% greater than the current rate of the deposit account. Loan amount should not exceed 90% of passbook balance. Minimum loan is $500.00. Rate may increase after consummation. Passbook secured loan rates are subject to increase if the deposit rate increases. Rate and payment indicated above are based on a passbook rate of .05% and interest only payments.

*Annual Percentage Rate (APR)

Overdraft Line of Credit
With our Choice Overdraft Protection Line of Credit, you’ll never have to worry about returned check fees or being embarrassed by an inadvertent overdraft. Overdraft Protection up to $2,500 is available to qualified applicants. Subject to credit approval. $25 annual fee. $15 minimum monthly payment.

Overdraft Line of Credit

With our Choice Overdraft Protection Line of Credit, you’ll never have to worry about returned check fees or being embarrassed by an inadvertent overdraft. Overdraft Protection up to $2,500 is available to qualified applicants. Subject to credit approval. $25 annual fee. $15 minimum monthly payment.

Apply Online Download Application

From the attic to the basement, we’re here to help you with your home energy upgrades. The Mass Save® HEAT Loan offers zero interest financing opportunities up to $50,000 total for energy-efficient home upgrades. For more information on Mass Save and Heat Loans, please visit the Mass Save Website.