Auto Loan

New or Used Auto Loans at great rates!

Are you searching for an auto loan? Whether you're buying a new or used car an EBSB auto loan can help steer you in the right direction.

  • Loans available up to $50,000
  • Installment loans for 12 month up to 60 months for new cars and up to 48 months for used cars
  • No down payment is required on new cars or a low 10% down payment is required for used cars
  • .25% rate reduction for payments made automatically from your EBSB checking or savings account
  • New cars are considered sold by a dealer with less than 10,000 miles and no previous owner
  • Leftovers are considered dealer autos with less than 3,000 miles
  • Massachusetts residents only

Auto Loan Rates

Rates as of January 17, 2017

Term New (2017 & dealer leftover 2016) APR* Monthly Principal & Interest per $1,000 borrowed Used (2016, 2015 & 2014) APR* Monthly Principal & Interest per $1,000 borrowed
12 months 5.75% $85.95 6.50% $86.30
24 months 5.75% $44.21 6.75% $44.66
36 months 5.75% $30.31 7.00% $30.88
48 months 6.00% $23.49 7.25% $24.06 (2016 & 2015 only)
60 months 6.25% $19.45 N/A N/A

* APR (Annual Percentage Rate)