Massachusetts Best Personal Loan Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current personal loan options available to borrowers in Massachusetts include: Haverhill Fire Department Credit UnionHaverhill Fire Department Credit Union75 Kenoza Ave, Haverhill, MA, 01830 4132A+5.0 ★Texas Ratio: 0.00% offering Share Secured/Credit Building Loan at 4.49% APR, First Citizens Federal Credit UnionFirst Citizens Federal Credit Union468 COUNTY ST, NEW BEDFORD, MA, 02740A+5.0 ★Texas Ratio: 2.19% offering Personal Loan at 5.00% APR, Alpha Credit UnionAlpha Credit Union1 Deaconess Rd, Boston, MA, 02215A+5.0 ★Texas Ratio: 0.39% offering Personal Loan at 5.00% APR, Notre Dame Community Federal Credit UnionNotre Dame Community Federal Credit Union659 Eastern Ave, Fall River, MA, 02723A+5.0 ★Texas Ratio: 1.51% offering Unsecured Loans (Open End Special) at 5.25% APR, and Watertown Municipal Credit UnionWatertown Municipal Credit Union149 MAIN ST, WATERTOWN, MA, 02472 4410A+5.0 ★Texas Ratio: 0.00% offering Personal Loan at 6.24% APR. Personal loan rates as of August 29, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Massachusetts side-by-side. Massachusetts personal loan rates currently start as low as 4.49% APR from Haverhill Fire Department Credit Union at 75 Kenoza Ave, Haverhill, MA, 01830 4132. Rates are continually updated — we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics—including A-F Safety Grades, verified Star Ratings, and Texas Ratios—so you can confidently borrow from a stable, highly-rated institution in Massachusetts.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Massachusetts. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: August 29, 2026
Massachusetts Personal Loan Rates
No additional details available.
No additional details available.
Additional Requirements: 1 Current Pay Stub, Application
No additional details available.
Up to $5,000
As Low As
As Low As
Two Signatures - $10,000.00
No additional details available.
FICO Score: 700 or more; **
Up to $5,000
As Low As
Personal Loan
Up to 106.25% financing available for qualified members, terms available with certain restrictions and nominal rate increase
As low as
As Low As
As Low As
As Low As
Two Signatures - $10,000.00
$15,000 Maximum
No additional details available.
No additional details available.
Up to $15,000
As Low As; Personal loans may be written up to a maximum of $25,000.00, these loans will be an open end loan, all advances must be at a minimum of $1,000.00.
As Low As; Maximum $10,000
FICO Score: 650-699; **
Up to $5,000
with auto pay
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
As Low As; Maximum Limit: $25,000.00
No additional details available.
As Low As
Up to $10,000; CU will pay vendors directly; current SMEFCU Loans are not eligible
Up to $15,000
Maximum Loan: $25,000.00
No additional details available.
No additional details available.
As Low As
As Low As
Credit & Promotional Rates applied
No additional details available.
As Low As
As Low As
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Lowest APR available on approved credit. Your actual APR may vary. The APR is based on borrower credit profile (as reported to NBT Bank by an outside reporting agency), collateral type, loan amount, term, lien position, and loan to value ratio. APR shown is current as of 07/20/2026 and is subject to change. On a $7,500 loan, the payment would be $238.64 per month for 36 months with a 9.04% APR.
No additional details available.
$5,001.00 to $10,000.00
As Low As
No additional details available.
As Low As; Loan Amount: $500 to $50,000
No additional details available.
based upon length of employment.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Maximum loan amount $25,000.00
As Low As; Maximum Limit: $25,000.00
$5,000 Maximum
No additional details available.
Up to $10,000; CU will pay vendors directly; current SMEFCU Loans are not eligible
No additional details available.
up to $2500
As Low As; Excellent credit history required. Actual rate may differ based on credit history, property type, and loan transaction type.
Up to $15,000
No additional details available.
Maximum Loan: $25,000.00
As Low As
APR* as low as
No additional details available.
As Low As
As low as; Max. Amount: $ 15,000
No additional details available.
No additional details available.
As Low As; 9.00%
As Low As; Max Loan Amount: $25,000.00
No additional details available.
No additional details available.
Rate subject to credit approval
min $500/max $10,000
As Low As
Credit & Promotional Rates applied
FICO Score: 600-649; **
No additional details available.
$5,001.00 to $10,000.00
No additional details available.
No additional details available.
Loan amounts up to $10,000
As Low As
No additional details available.
As Low As; loan amount up to $12,500
No additional details available.
Maximum Term = 48 months.
As Low As
As Low As
As Low As
As Low As; Maximum Limit: $25,000.00
No additional details available.
$5000; $2501
Cost Per Thousand: $88.37
Loan amounts $10,001 - $15,000
APR* as low as
APR* as low as
As Low As
No additional details available.
As Low As
As Low As
(5)
No additional details available.
As low as; Max. Amount: $ 10,000
Risk > 700
As Low As; 10.00%
No additional details available.
min $5,000/max $10,000
No additional details available.
Credit & Promotional Rates applied
FICO Score: Less than 600; **
As low as
No additional details available.
$5,001.00 to $10,000.00
No additional details available.
No additional details available.
Maximum Loan: $25,000.00. Certain restrictions may apply for members with existing SCU personal loans. 49-60 month terms available for a minimum loan amount of $15,000.
Over $5000 with 2 signatures from same household
As Low As
No additional details available.
No additional details available.
As Low As; Maximum Limit: $25,000.00
No additional details available.
As Low As 11.99% APR Rate is subject to change after consummation.
Loan Amount: $5,000.00
Up To $10,000
As low as; Maximum $15,000
No additional details available.
No additional details available.
As Low As; Excellent credit history required. Actual rate may differ based on credit history, property type, and loan transaction type.
As low as; Max. Amount: $ 5,000
As Low As; 11.00%
min $5,000/max $10,000
No additional details available.
As Low As
As Low As
$5,001.00 to $10,000.00
No additional details available.
As Low As
Unsecured $15,000 Maximum
Massachusetts Personal Loan Rates
No additional details available.
Additional Requirements: 1 Current Pay Stub, Application
Up to $5,000
FICO Score: 700 or more; **
Up to $5,000
As Low As
Personal Loan
Up to 106.25% financing available for qualified members, terms available with certain restrictions and nominal rate increase
As low as
As Low As
No additional details available.
Up to $15,000
As Low As; Personal loans may be written up to a maximum of $25,000.00, these loans will be an open end loan, all advances must be at a minimum of $1,000.00.
As Low As; Maximum $10,000
FICO Score: 650-699; **
Up to $5,000
with auto pay
No additional details available.
As Low As
No additional details available.
No additional details available.
As Low As; Maximum Limit: $25,000.00
No additional details available.
As Low As
Up to $15,000
Maximum Loan: $25,000.00
No additional details available.
No additional details available.
As Low As
Credit & Promotional Rates applied
No additional details available.
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Lowest APR available on approved credit. Your actual APR may vary. The APR is based on borrower credit profile (as reported to NBT Bank by an outside reporting agency), collateral type, loan amount, term, lien position, and loan to value ratio. APR shown is current as of 07/20/2026 and is subject to change. On a $7,500 loan, the payment would be $238.64 per month for 36 months with a 9.04% APR.
No additional details available.
$5,001.00 to $10,000.00
As Low As
No additional details available.
As Low As; Loan Amount: $500 to $50,000
based upon length of employment.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As; Maximum Limit: $25,000.00
$5,000 Maximum
No additional details available.
up to $2500
As Low As; Excellent credit history required. Actual rate may differ based on credit history, property type, and loan transaction type.
Up to $15,000
No additional details available.
Maximum Loan: $25,000.00
As Low As
No additional details available.
As Low As; 9.00%
No additional details available.
Rate subject to credit approval
min $500/max $10,000
Credit & Promotional Rates applied
FICO Score: 600-649; **
No additional details available.
$5,001.00 to $10,000.00
As Low As
No additional details available.
As Low As; loan amount up to $12,500
Maximum Term = 48 months.
As Low As
As Low As; Maximum Limit: $25,000.00
$5000; $2501
Cost Per Thousand: $88.37
As Low As
No additional details available.
(5)
No additional details available.
Risk > 700
As Low As; 10.00%
No additional details available.
min $5,000/max $10,000
No additional details available.
Credit & Promotional Rates applied
FICO Score: Less than 600; **
No additional details available.
$5,001.00 to $10,000.00
No additional details available.
Maximum Loan: $25,000.00. Certain restrictions may apply for members with existing SCU personal loans. 49-60 month terms available for a minimum loan amount of $15,000.
Over $5000 with 2 signatures from same household
No additional details available.
As Low As; Maximum Limit: $25,000.00
No additional details available.
As Low As 11.99% APR Rate is subject to change after consummation.
Loan Amount: $5,000.00
No additional details available.
No additional details available.
As Low As; Excellent credit history required. Actual rate may differ based on credit history, property type, and loan transaction type.
As Low As; 11.00%
min $5,000/max $10,000
No additional details available.
$5,001.00 to $10,000.00
No additional details available.
Massachusetts Debt Consolidation Loan Rates
No additional details available.
No additional details available.
As Low As
As Low As
Maximum $15,000
No additional details available.
Massachusetts Signature Loan Rates
Two Signatures - $10,000.00
Two Signatures - $10,000.00
$15,000 Maximum
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Unsecured $15,000 Maximum
Massachusetts Personal Loan Rate Trends
Compare local Massachusetts personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Massachusetts personal loan rates rose 0.047 points over the past 7 days to 11.874% APR.
Massachusetts signature loan rates fell 1.250 points over the past 7 days to 9.793% APR.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current MA average personal loan APR of 11.87%, across the terms lenders serving Massachusetts most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $235.07/mo | $165.77/mo | $131.36/mo | $110.90/mo |
| $10,000 | $470.14/mo | $331.54/mo | $262.72/mo | $221.81/mo |
| $15,000 | $705.22/mo | $497.31/mo | $394.08/mo | $332.71/mo |
| $25,000 | $1,175.36/mo | $828.85/mo | $656.79/mo | $554.51/mo |
| $35,000 | $1,645.50/mo | $1,160.39/mo | $919.51/mo | $776.32/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Massachusetts
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the MA personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan — MA average | 11.87% | $394.08 | $3,916 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,234 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $3,769 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,361 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average — check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
About Our Massachusetts Personal Loan Rate Database
Our Massachusetts tables currently track 70 banks and credit unions offering personal, debt consolidation, and signature loans to borrowers in this market. Every APR is sourced directly from the lender’s own website and re-verified regularly, so what you compare here is what lenders are actually advertising today — not stale or estimated numbers.
The lowest verified personal loan APR in our Massachusetts database right now is 4.49% APR from Haverhill Fire Department Credit Union. Advertised APRs are the lender’s best-qualified rate and generally require strong credit, so treat them as the floor of a range rather than a quote. Prequalifying with a soft credit check is the only way to see the rate you would actually receive.
How to Get the Best Personal Loan Rate in Massachusetts
Prequalify With a Soft Credit Check
Most lenders serving Massachusetts will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying — the advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Massachusetts data, and many charge no origination fee. Membership is usually easier than expected — many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle → a secured Massachusetts auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity → compare home equity rates, though your home becomes collateral
- Not urgent → building the money in a Massachusetts high-yield savings account costs nothing and earns interest instead of paying it
Massachusetts Financial Snapshot
Local demographics and economic context for borrowers — Source: U.S. Census Bureau
A $394 monthly loan payment is roughly 8.3% of the median individual income in Massachusetts. Lenders generally want your total monthly debt payments — including housing — to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Massachusetts.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid — fixed | ✗ Highest — variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1–3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks — appraisal and closing |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3–5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt — missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current MA average — or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds — you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Massachusetts personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Massachusetts directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Massachusetts. We feature a comprehensive mix of lenders — from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in MA.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Massachusetts?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Massachusetts?
Are credit unions or banks better for personal loans in Massachusetts?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
What are the best personal loan rates in Massachusetts?
- Haverhill Fire Department Credit Union: 4.49% (Share Secured/Credit Building Loan)
- First Citizens Federal Credit Union: 5.00% (Personal Loan)
- Alpha Credit Union: 5.00% (Personal Loan)
- Notre Dame Community Federal Credit Union: 5.25% (Unsecured Loans (Open End Special))
- Watertown Municipal Credit Union: 6.24% (Personal Loan)
