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 2022-2023 – New | ||||
|
Auto/Truck 2022-2023 – New
|
6.490% | 7.323% | $19.56 | 60 |
| Auto/Truck 2021-2022 – Used | ||||
|
Auto/Truck 2021-2022 – Used
|
6.690% | 7.525% | $19.66 | 60 |
| Auto/Truck 2019-2020 – Used | ||||
|
Auto/Truck 2019-2020 – Used
|
7.290% | 8.133% | $19.94 | 60 |
| Auto/Truck 2017-2018 – Used | ||||
|
Auto/Truck 2017-2018 – Used
|
7.890% | 8.930% | $24.36 | 48 |
| Auto/Truck 2016 and older – Used | ||||
|
Auto/Truck 2016 and older – Used
|
12.490% | 13.902% | $33.45 | 36 |
Rates effective April 10, 2023
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice
Motorcycles, ATVs, Snowmobiles, Campers, Boats
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2022-2023 – New | ||||
|
2022-2023 – New
|
8.290% | 9.143% | $20.42 | 60 |
| 2021-2022 – Used | ||||
|
2021-2022 – Used
|
8.590% | 9.447% | $20.56 | 60 |
| 2019-2020 – Used | ||||
|
2019-2020 – Used
|
9.290% | 10.348% | $25.02 | 48 |
| 2017-2018 – Used | ||||
|
2017-2018 – Used
|
10.990% | 12.384% | $32.73 | 36 |
| 2016 & Older – Used | ||||
|
2016 & Older – Used
|
12.490% | 13.902% | $33.45 | 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 effective April 10, 2023
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice
Campers, Motorhomes, Boats over $10,000
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 2017-2023 | $10,000 – $24,999 | ||||
|
2017-2023 | $10,000 – $24,999
|
8.490% | 8.960% | $12.39 | 120 |
| 2017-2023 | $25,000 – $49,999 | ||||
|
2017-2023 | $25,000 – $49,999
|
8.190% | 8.528% | $9.67 | 180 |
| 2017-2023 | $50,000 and Up | ||||
|
2017-2023 | $50,000 and Up
|
7.690% | 8.023% | $9.38 | 180 |
The VSI (Vendor Single Interest Insurance) is required on all loan types. The VSI fee is $50.00.
Rates effective April 10, 2023
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice
Consumer Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| Unsecured | ||||
|
Unsecured
|
12.490% | 13.388% | $22.49 | 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
|
5.000% | 5.817% | $18.87 | 60 |
| Apply Now | ||||
Rates effective April 10, 2023
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice