Consumer Loan Rates
Up to 100% Financing on New Cars. Maximum Loan Amount for New Cars is $50,000. Minimum down payment for Used Cars is 10%.
Effective Date: 2/2/2012
Auto Loan Rates |
| Term | New Car (2012 & dealer left over 2011) APR* | Monthly Principal & Interest per $1,000 borrowed | Used Car (2011 & 2010-Only) APR* | Monthly Principal & Interest per $1,000 borrowed |
| 12 Mos. | 5.75% | $85.95 | 6.50% | $86.30 |
| 24 Mos. | 5.75% | $44.21 | 6.75% | $44.66 |
| 36 Mos. | 5.75% | $30.31 | 7.00% | $30.88 |
| 48 Mos. | 6.00% | $23.49 | 7.25% | $24.06
(2011 & 2010 ONLY) |
| 60 Mos. | 6.25% | $19.45 | N/A | N/A |
*APR (Annual Percentage Rate)
Effective Date: 2/2/2012
HELOC Introduction Offer |
| Product | Introductory Annual Percentage Rate | Current Annual Percentage Rate | Minimum Payment Options | Loan to Value | Term |
| Monthly Variable (Minimum draw $25,000 at time of closing) | 1.999% for the first 12 months* | Prime Rate +0.00% with a floor of 4.00%* | 1% of outstanding balance (P&I) not less than $100 per month.** | 80% w/EBSB 1st mortgage and 70% w/all other banks*** | 15 Yr total term. 10 Year Draw. Remaining 5 Years.**** |
*The minimum floor rate will be 4.00% and the maximum rate will be capped at 18%. Prime Rate as published in the Wall Street Journal on the last business day of the month (As of 1/31/12 the rate is 4.00%).
**An Interest Only option is also available with this product.
***If the first is with EBSB or a sold MW loan, max CLTV 80% with Fico of 700. If the first is elsewhere (not a mortgage customer with the bank) the max CLTV is 70% with minimum Fico score of 700.
****Sixty substantially equal payments of principal, plus interest.
Consult your tax advisor regarding deductibility of interest.
Minimum credit score 680.
Property insurance is required. Flood Insurance may be required.
Rate and terms may change at any time.
Not available for homes currently for sale.
Second Lien position only.
Available to 1-3 family owner occupied properties in Massachusetts and New Hampshire.
Loan amount may vary, depending on Fico scores, LTV, CLTV and income.
Loan limits; $25,000 to $500,000.
The interest you pay on this loan may be tax deductible. Consult your tax advisor.
Effective Date: 2/2/2012
Home Equity Line of Credit |
| Product | Annual Percentage Rate | Minimum Payment Options | Loan to Value | Term |
| Monthly Variable | Prime Rate as published in the Wall Street Journal on the last business day of the month.* | 1% of outstanding balance (P&I) not less than $100 per month.** | 80% w/EBSB 1st Mortgage and 70% w/all other banks*** | 15 Yr Total Term. 10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding balance.**** |
*The minimum floor rate will be 4.00% and the maximum rate will be capped at 18%. (As of 1/31/12 the rate is 4.00%)
**An Interest Only option is also available with this product.
***If the first is with EBSB or a sold MW loan, max CLTV 80% with Fico of 700. If the first is elsewhere (not a mortgage customer with the bank) the max CLTV is 70% with minimum Fico score of 700.
****Sixty substantially equal payments of principal, plus interest.
Consult your tax advisor regarding deductibility of interest.
Minimum credit score 680.
Property insurance is required. Flood Insurance may be required.
Rate and terms may change at any time.
Not available for homes currently for sale.
Second Lien position only.
Available to 1-3 family owner occupied properties in Massachusetts and New Hampshire.
Loan amount may vary, depending on Fico scores, LTV, CLTV and income.
Loan limits; $10,000 to $500,000.
The interest you pay on this loan may be tax deductible. Consult your tax advisor.
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