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It's starting to look and feel like summer in the Boston area.  Keep close tabs on your debit card transactions while you travel this summer.  It's really easy to download our banking app and check all your transactions every day while you travel.  It's an added way to keep your accounts safe.


Consumer Loans -  Personal, Student, Heat

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Easy Loan Process. Quick Closings. Friendly Service.

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Borrowing money doesn’t need to be scary or stressful. At mass Bay Credit Union, we don't make you jump through hoops. We offer a simple & transparent process with low rates and outstanding local service.
One of the benefits of borrowing from Mass Bay Credit Union is we are local. We are a Greater Boston Credit Union. We are real, local people - and we treat our Members as real people. rather than just a credit score or as an account number. Whether you’re planning a vacation, planning exciting renovations, need a new car, or just have a short term lending need,  we have you covered!

Affording life’s smaller financial necessities often can be more challenging than managing the bigger ones. At Mass Bay, we don’t believe our Members should pay unnecessarily high rates to handle things like tuition payments, vacations, holiday spending, debt management and other expenses that are part of everyday life. So while we think you will like our broad range of financing solutions, we know you will love our rates.


Don’t like the payment you have now? Re-write it at a better rate and enjoy our flexible terms. Our Re-Write Loan gives you a low fixed-interest rate that will never increase and time to make the payments more manageable with your budget.

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Because we’re your credit union, we believe you should not have to pay a high interest rate just to take a vacation or spend during the holidays. Try one of our special fixed rate vacation and holiday loans.

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Borrow for almost any reason with flexible terms. Your rate and dollar limit will be determined by your credit worthiness, but you can use the proceeds any way you like. It’s our most flexible financing solution and always offers a competitive interest rate.

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Pay for life's expenses. The Lifestyle Loan gives you the chance to purchase furniture, pay for a wedding, or even buy a bicycle at a great low rate.  Anything your life needs!

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Not sure just how much money you’re going to need? Our Open- End Loans give you the flexibility you’re looking for. Apply for a maximum amount, and then draw what you need when you need it. You will only owe payments on what you actually draw out, minimizing your interest expense.

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Secure your personal loan with funds in your Mass Bay savings account or Certificate, and you’ll reduce your interest rate dramatically. Use the proceeds for any purpose.

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Have you ever accidentally miscalculated your balance? It happens to everyone at some point or another. With our overdraft line of credit, your approved credit line will be there for you when you need it.

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Improve your home comfort while saving energy and lowering your bills with an interest free Heat Loan from Mass Save.

Members may qualify for a ZERO-PERCENT loan to use for the purchase of qualified energy-efficient improvements in their homes through our partnership with Mass Save®

Program highlights:

  • Loans available up to $25,000 with terms up to 7 years (depending on the loan type)*
  • Mass Save offers monetary incentives for installing a variety of qualified energy efficiency upgrades

*Monthly Payment is $11.90 per $1,000.00 borrowed. Subject to credit approval. MassSave qualification restrictions may apply.

Eligible energy efficiency improvements may include:

  • Weatherization Improvements
  • Attic, wall, and basement insulation
  • Central AC and air-source heat pumps
  • Ductless mini split-heat pumps
  • High-efficiency heating and hot water systems, including solar
  • Energy Star® Qualified replacement windows
  • Digital & WiFi thermostats

To learn more about Heat Loans visit here

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Wherever you are in your higher education, get the money you need for school. Student loans from Mass Bay Credit Union in partnership with Sallie Mae® could help!

Sallie Mae® student loans are designed for the needs of all types of students.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty*

Smart Option Student Loan® for undergraduate and career training students.

Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.

Find out which loan is right for you.

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Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. These loans are made by Sallie Mae Bank. Mass Bay Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. Applications are subject to a requested minimum loan amount of $1,000.  Current credit and other eligibility criteria apply.  Click here  for additional eligibility information about each product.* Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. ©2023 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

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