Personal Loans - Massachusetts

When a CSB Home Equity is not an option, Clinton Savings Bank offers short term loans to finance expenses in your life albeit - cars, education, home improvements, boats, computers, and even that vacation of a lifetime.  

If you are a CSB Preferred Checking account holder, you can also earn a discounted rate on consumer loans!

We offer secured, unsecured as well as energy loans in Massachusetts such as:

• Mass Save Heat Loan
• Auto/Car Loans
• Moneyline
• Collateral Loans

    

Mass Save HEAT Loan Zero Interest Financing for 2012

Apply for a 0% loan to assist with the installation of qualified energy efficient improvements in your home. The loans are available up to $25,000 (depending on utility) with terms up to 7 years. To qualify for the loan, you must own and reside in a one-to-four-family residence, obtain a Mass Save Home Energy Assessment, and install qualified energy efficiency measures recommended by a Mass Save representative.

Energy Efficiency Improvements Eligible for the HEAT Loan Program:

• Attic, Wall, and Basement Insulation
• High Efficiency Heating Systems
• High Efficiency Domestic Hot Water Systems
• Solar Hot Water Systems
• 7-Day Digital Programmable Thermostats
• ENERGY STAR® Qualified Replacement Windows

Required Steps 

1. Must sign up for a Home Energy Assessment from an authorized Mass Save program vendor.
2. A Mass Save representative will assess your energy efficiency improvement needs and determine what improvements are eligible for financing. The representative will provide a HEAT Loan Intake Form, Program Steps, and Minimum Standards and Requirements.
3. Obtain pre-approval from us at CSB.
4. Obtain written contractor price proposal(s) for the installation of the improvements.
5. Forward the proposal(s) for review and approval to your Mass Save HEAT Loan representative along with the HEAT Loan Intake Form.
6. Once approved you will receive a HEAT Loan Authorization Form.
7. Finalizes the loan and obtain two-party checks.
8. Measures are installed and Mass Save representative conducts a post-installation inspection on the installed improvements.
9. After satisfactory inspection, sign check over to contractor and any additional rebates are processed.

Documents

1. Minimum Standards for HEAT Loan Program
2. Steps for HEAT Loan Program 

3. FAQ's

   Please call (866) 527-7283 to schedule a free home energy assessment in order to access this incentive.
   
   Once your home energy assessment is completed, we invite you to apply with us here at CSB!

         When you apply, select Personal >> then Heat Loan.  

Auto Loans  New/Used Car, Truck Or Recreational Vehicle - Massachusetts

At Clinton Savings Bank we make consumer loans for buying or refinancing your vehicle more affordable, easier to get, and more flexible than you'll find elsewhere.

We offer many terms to get you into your dream vehicle.  Generally, choosing a longer term consumer loan will lower your monthly payment. Choosing a shorter term personal loan will reduce your interest rate and the total cost of your loan. The maximum length of time depends on the vehicle and your budget. 
 

View special rates now>>

Moneyline Personal Line of Credit

Clinton Savings Bank's Moneyline Personal Line of Credit is a convenient way to borrow for any purpose. Use this consumer loan to save money by paying off high interest department store credit cards, to write checks directly to merchants, or as an overdraft protection line on your CSB Checking Account (see below). 

How To Use Moneyline Personal Line of Credit
Repaying is easy, too. Each month, the amount of your minimum monthly payment will appear on your regular CSB monthly statement. You can pay any amount from the minimum up to the full balance of your consumer loans without penalty. You can repay electronically with CSB Online Banking with a simple transfer from any of your CSB statement savings accounts. You can do the same by phone with CSB Bank by Phone. You can also repay your personal loans at any CSB branch.

Using Your Moneyline As Overdraft Protection 
When you choose your Moneyline of Credit for overdraft protection on any CSB Checking Account, you'll never have to worry about overdraft fees again. If you make an error and write a check for more than you have in your checking account, CSB will automatically deposit funds from Moneyline into the checking account in $25 increments (up to your current credit limit). 

Collateral Loans

Collateral loans are personal loans that allow you to borrow against your CSB savings account or non-pension certificate of deposit up to 95% of the available balance are available. Please visit any branch to apply.

Lowest personal loan rates possible with direct deposit / electronic repayment

You'll pay 1/2% less than with other repayment methods when you direct deposit your net pay, Social Security, or pension to your CSB Checking Account and make electronic payments for the full term of your personal loans. That's one of many great extra benefits you get with direct deposit at CSB.

Convenient electronic repayment options that qualify include...

• Monthly Automatic Transfer - You can choose to have us transfer your payment automatically each month on the due date.
• CSB Online Banking or CSB Bank by Phone Transfers - You can agree in writing to satisfy your monthly payment for your personal loans on or before the due date yourself using CSB Online Banking or CSB Bank by Phone. CSB Online Banking allows you to make one-time transfers to your consumer loan account or you can set up recurring transfers that happen automatically - you can even send yourself reminders!

Use our Loan Calculators to help you determine the loan financing and payment options that are best for your personal loans.

Loan Applications And Disclosure

To apply for a loan you must be a U.S. Resident and reside within "Worcester" or "Middlesex" Counties in the Commonwealth of Massachusetts. If you have questions, please call us at 888-744-4272 (4CSB).