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Rates

Personal Loan Rates

Personal Loans - Up to 60 Months

Effective Date: Tuesday, December 11, 2018

APR*Account Actions
14.75% How to Apply

*Annual Percentage Rates may change at any time without notice. Minimum loan amount is $1,000 and maximum loan amount is $25,000. Monthly payment amount on a $25,000 loan for 60 months at 14.75% Annual Percentage Rate is $591.47. The term of the loan is determined by the loan purpose and the anticipated source of repayment. 

Passbook, Statement Savings & Certificate Loans

Effective Date: Tuesday, December 11, 2018

Document TypeAPY*Account Actions
Passbook+ 2.00%How to Apply
Statement Savings+ 2.00%How to Apply
Certificate Loan+ 2.00%How to Apply

Rate may change at any time without notice. The loan rate on a passbook or statement savings loan is determined by adding 2.00% to the current Annual Percentage Yield (APY) on the passbook / statement savings account. The loan rate on a certificate loan is determined by adding 2.00% to the current Annual Percentage Yield (APY) on the certificate of deposit. Applicants can borrow up to 90% of the monies held on account with Bay State Savings Bank. Minimum loan amount is $500.00. The maximum interest rate is 18.00%. Maximum loan term is one year. Repayment will be due in monthly installments.  Monthly payment amounts will vary depending on your loan amount and interest rate

All loans are subject to credit approval.