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.
Apply Online TodayAuto Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| Auto/Truck 2018-2019 – New | ||||
|
Auto/Truck 2018-2019 – New
|
4.490% | 5.054% | $18.64 | 60 |
| Auto/Truck 2017-2018 – Used | ||||
|
Auto/Truck 2017-2018 – Used
|
5.190% | 5.747% | $18.96 | 60 |
| Auto/Truck 2015-2016 – Used | ||||
|
Auto/Truck 2015-2016 – Used
|
5.890% | 6.461% | $19.28 | 60 |
| Auto/Truck 2013-2014 – Used | ||||
|
Auto/Truck 2013-2014 – Used
|
6.490% | 7.198% | $23.71 | 48 |
| Auto/Truck 2012 and older – Used | ||||
|
Auto/Truck 2012 and older – Used
|
10.990% | 11.941% | $32.73 | 36 |
Motorcycles, ATVs, Snowmobiles, Campers, Boats
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2018-2019 – New | ||||
|
2018-2019 – New
|
6.790% | 7.365% | $19.70 | 60 |
| 2017-2018 – Used | ||||
|
2017-2018 – Used
|
7.090% | 7.668% | $19.84 | 60 |
| 2015-2016 – Used | ||||
|
2015-2016 – Used
|
7.090% | 8.504% | $24.31 | 48 |
| 2013-2014 – Used | ||||
|
2013-2014 – Used
|
9.490% | 10.431% | $32.03 | 36 |
| 2012 & Older – Used | ||||
|
2012 & 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.
Motorcycles, ATVs, Snowmobiles, Campers, Boats Over $10,000
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2013-2019 | $10,000 – $24,999 | ||||
|
2013-2019 | $10,000 – $24,999
|
6.490% | 6.796% | $11.35 | 120 |
| 2013-2019 | $25,000 – $49,999 | ||||
|
2013-2019 | $25,000 – $49,999
|
6.190% | 6.407% | $8.54 | 180 |
| 2013-2019 | $50,000 and Up | ||||
|
2013-2019 | $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
Consumer Loans
| Rate | APR | Payment per $1000 Financed | |
|---|---|---|---|
| Unsecured | |||
|
Unsecured
|
10.990% | 11.941% | $32.73 |
| 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 |
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
|
2.990%** | 2.990% | $2.54 | 300 |
| Home Equity Loan – Fixed Rate | ||||
|
Home Equity Loan – Fixed Rate
|
4.875% | 4.880% | $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 2.990% 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 5.25%. 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