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.
Auto Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| Auto/Truck 2021-2022 – New | ||||
|
Auto/Truck 2021-2022 – New
|
4.990% | 5.558% | $18.87 | 60 |
| Auto/Truck 2020-2021 – Used | ||||
|
Auto/Truck 2020-2021 – Used
|
5.690% | 6.260% | $19.19 | 60 |
| Auto/Truck 2018-2019 – Used | ||||
|
Auto/Truck 2018-2019 – Used
|
6.390% | 6.964% | $19.51 | 60 |
| Auto/Truck 2016-2017 – Used | ||||
|
Auto/Truck 2016-2017 – Used
|
6.990% | 7.699% | $23.94 | 48 |
| Auto/Truck 2015 and older – Used | ||||
|
Auto/Truck 2015 and older – Used
|
11.490% | 12.442% | $32.97 | 36 |
Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective September 28, 2022
APR = Annual Percentage Rate
APR is based on a $5000 loan
Rates are subject to change without notice
Motorcycles, ATVs, Snowmobiles, Campers, Boats
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2021-2022 – New | ||||
|
2021-2022 – New
|
7.2900% | 7.870% | $19.94 | 60 |
| 2020-2021 – Used | ||||
|
2020-2021 – Used
|
7.590% | 8.170% | $20.08 | 60 |
| 2018-2019 – Used | ||||
|
2018-2019 – Used
|
8.290% | 9.006% | $24.55 | 48 |
| 2016-2017 – Used | ||||
|
2016-2017 – Used
|
9.990% | 10.935% | $32.26 | 36 |
| 2015 & Older – Used | ||||
|
2015 & Older – Used
|
11.490% | 12.442% | $32.97 | 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.
Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective September 28, 2022
APR = Annual Percentage Rate
APR is based on a $5000 loan
Rates are subject to change without notice
Campers, Motorhomes, Boats over $10,000
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2016-2022 | $10,000 – $24,999 | ||||
|
2016-2022 | $10,000 – $24,999
|
7.490% | 7.805% | $11.86 | 120 |
| 2016-2022 | $25,000 – $49,999 | ||||
|
2016-2022 | $25,000 – $49,999
|
7.190% | 7.415% | $9.09 | 180 |
| 2016-2022 | $50,000 and Up | ||||
|
2016-2022 | $50,000 and Up
|
6.690% | 6.914% | $8.82 | 180 |
The VSI (Vendor Single Interest Insurance) is required on all loan types. The VSI fee is $50.00.
Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective September 28, 2022
APR = Annual Percentage Rate
APR is based on a $5000 loan
Rates are subject to change without notice
Consumer Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| Unsecured | ||||
|
Unsecured
|
11.490% | 12.094% | $21.99 | 60 |
| Apply Now | ||||
| Overdraft Protection | ||||
|
Overdraft Protection
|
18.000% | 18.000% | $50.00 | |
| Apply Now | ||||
| Secured by Mascoma Bank Deposits | ||||
|
Secured by Mascoma Bank Deposits
|
4.190% | 4.502% | $18.50 | 60 |
| Apply Now | ||||
Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective September 28, 2022
APR = Annual Percentage Rate
APR is based on a $5000 loan
Rates are subject to change without notice