Personal Loans - Mascoma Bank

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Whatever your borrowing needs, Mascoma Bank’s flexible financing options can help you achieve your goals.

Mascoma Bank offers competitive rates and a variety of loan terms to fit almost any need. You can also save money by having your monthly payment automatically deducted from a Mascoma Bank deposit account. Relationship Banking customers may also qualify for reduced interest rates.

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Auto Loans

	Rate	APR	Payment per $1000 Financed	Max Term
Auto/Truck 2019-2020 – New
Auto/Truck 2019-2020 – New	4.490%	5.054%	$18.64	60
Auto/Truck 2018-2019 – Used
Auto/Truck 2018-2019 – Used	5.190%	5.757%	$18.96	60
Auto/Truck 2016-2017 – Used
Auto/Truck 2016-2017 – Used	5.890%	6.461%	$19.28	60
Auto/Truck 2014-2015 – Used
Auto/Truck 2014-2015 – Used	6.490%	7.198%	$23.71	48
Auto/Truck 2013 and older – Used
Auto/Truck 2013 and older – Used	10.990%	11.941%	$32.73	36

Rates, APR, and Payment per $1000 Finances is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For other payment options contact a local branch.

Motorcycles, ATVs, Snowmobiles, Campers, Boats

	Rate	APR	Payment per $1000 Financed	Max Term
2019-2020 – New
2019-2020 – New	6.790%	7.365%	$19.70	60
2018-2019 – Used
2018-2019 – Used	7.090%	7.668%	$19.84	60
2016-2017 – Used
2016-2017 – Used	7.790%	8.504%	$24.31	48
2014-2015 – Used
2014-2015 – Used	9.490%	10.431%	$32.03	36
2013 & Older – Used
2013 & Older – Used	10.990%	11.941%	$32.73	36

VSI (Vendor Single Interest Insurance) is required on all loan types listed above, when the loan amount is greater than $2,000. The VSI fee is $50.00.

Rates, APR, and Payment per $1000 Finances is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For other payment options contact a local branch.

Campers, Motorhomes, Boats over $10,000

	Rate	APR	Payment per $1000 Financed	Max Term
2014-2020 \| $10,000 – $24,999
2014-2020 \| $10,000 – $24,999	6.490%	6.796%	$11.35	120
2014-2020 \| $25,000 – $49,999
2014-2020 \| $25,000 – $49,999	6.190%	6.407%	$8.54	180
2014-2020 \| $50,000 and Up
2014-2020 \| $50,000 and Up	5.690%	5.903%	$8.27	180

The VSI (Vendor Single Interest Insurance) is required on all loan types. The VSI fee is $50.00.

Rates, APR, and Payment per $1000 Finances is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For other payment options contact a local branch.

Consumer Loans

	Rate	APR	Payment per $1000 Financed	Max Term
Unsecured
Unsecured	10.990%	11.941%	$32.73	36
Overdraft Protection
Overdraft Protection	18.000%	18.000%	$50.00
Secured by Mascoma Bank Deposits
Secured by Mascoma Bank Deposits	4.190%	4.507%	$18.50	60

Rates, APR, and Payment per $1000 Finances is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For other payment options contact a local branch.

Solar Loans

	Rate	APR	Payment per $1000 Financed	Max Term
Solar Loan
Solar Loan	5.490%	5.701%	$8.17	180

Home Equity Loans

	Rate	APR	Payment per $1000 Financed	Max Term
Home Equity Line of Credit – Adjusted Quarterly
Home Equity Line of Credit – Adjusted Quarterly	3.790%**	3.790%	$3.22	300
Home Equity Loan – Fixed Rate
Home Equity Loan – Fixed Rate	4.500%	4.505%	$10.55	120

Variable rates may be increased after consummation. Bank will pay up to $500.00 in closing costs. Annual fee is $59.00. Rate caps are lifetime caps.

*APR = Annual Percentage Rate. APR base on loan amount of $100,000.

**Introductory rate of 3.790% offered for first 9 months. Interest only – variable payments for next 111 months. Calculated Wall Street Journal Prime minus 0.25%. The rate after the introductory period is currently 3.990%. Fixed rate repayment for the final 15 years.

All loans subject to credit approval.

Rates are subject to change without notice.

The maximum APR for Home Equity Lines of Credit is 18.000%.

Please click here to view our Home Equity Line of Credit disclosure.

QUESTIONS? PLEASE CONTACT ANY OFFICE OR CALL 1-603-448-3650 OR 1-888-627-2662