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Consumer Loans - Auto, Personal, 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!


The key to getting the best overall car deal is getting the financing that you can afford. At Mass Bay, we can work with you before you shop to help you determine the best price/monthly payment situation for your individual budget. We provide the option of pre-approval for your loan. You can then shop with the power of knowing you are in the best position to qualify for the most dealer incentives and discounts. You can apply online, in any branch or by phone. Find our current rates online.

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Enterprise logo for car sales

What is the easiest way to buy a used car? First call us and get pre-approved for your auto loan. Then we'll get you in touch with an Enterprise Car Sales representative. Enterprise Car Sales is a great place to buy your next used vehicle. Each Enterprise car sold is inspected by an ASE-Certified technician and comes with a 12-month/12,000 mile limited powertrain warranty.* And if you buy a car from Enterprise and it does not meet your approval, Enterprise will buy it back.***

Features include:

  • 12-month/12,000 mile limited PowerTrain warranty*
  • Vehicle Certification
  • 12-month roadside assistance**
  • Free Carfax® reports
  • 7-day Repurchase Agreement***
  • And, you'll never have to haggle about prices

You can preview Enterprise's great selection of quality used vehicles.

Used vehicles were previously part of the Enterprise rental fleet &/or an affiliated company's lease fleet or purchased by Enterprise from sources including auto auctions, customer trade-ins or from other sources, with a possible previous use including rental, lease, transportation network company or other use.
* Limited Powertrain Warranty begins on the vehicle purchase date & extends for 12 months or 12,000 miles, whichever comes first. Coverage runs concurrently with manufacturer warranty. Restrictions apply. See a Sales Consultant for details.
** Enterprise 12-Month Unlimited Mileage Roadside Assistance Package is provided by the American Automobile Association (AAA) & its affiliated clubs in the U.S. & Canada. Some limitations & restrictions apply.
*** For a period of 7 days after the date of purchase or 1,000 miles beyond the odometer reading at purchase, whichever comes first, the vehicle may be returned for the exact price originally paid minus a $200 restocking fee, (as allowed by law). Restrictions apply. See a Sales Consultant for details.
Photo for illustration only. The "e" logo, Enterprise, "Enterprise Certified" & "Haggle-free buying. Worry-free ownership." are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners. © 2017 Enterprise Car Sales. Visit for more details.



We know how daunting it can be to shop for a new or used car.
Using our partnership with AutoSMART, members now can get all the information they need to get the best deal possible. Whether you are going to a dealer or buying a vehicle from a friend, with our tools you’ll know just how much you should be paying. On their website Automobile Research Center you can:

  • Shop a network of new and used automobile dealerships
  • Compare up to 3 new automobiles at once
  • Get price quotes
  • Communicate by email with these dealerships
  • Access NADA or Kelley Blue Book price data
  • Use the loan payment calculator
  • Read many interesting and informative articles
  • Apply for a loan

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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The Smart Option Student Loan® for Mass Bay Credit Union by Sallie Mae®*

For borrowers attending participating degree-granting institutions

Now you may pay for college the smart way with three great repayment options and competitive interest rates.

This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. 

The Smart Option Student Loan features and benefits:

  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates, providing even more flexibility
  • No origination fee and no prepayment penalty
  • Benefits and an interest rate reduction available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify
  • 100% US-based Student Loan Specialists

*Mass Bay Credit Union is compensated by Sallie Mae for the referral of Smart Option Student Loan Customers.

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