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UMass Amherst Branch Closed May 20, 2022. Please note our UMass Amherst campus branch will be closed for the remainder of the week. Members are welcome to visit our Hadley Branch for any of your banking needs, and are encouraged to schedule an appointment in advance. As always, our online and mobile banking services remain available for your convenience, which includes the ability to deposit checks using our mobile banking app.

Personal Loans & Lines of Credit

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Whether you need a small personal loan or a large one, UMassFive offers low interest rates to meet your needs. Apply online or at a branch near you.

 

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Personal Loans:

A traditional loan for a set amount, with one disbursement and a fixed term.

  • Fixed monthly payment
  • Can be used for a wide variety of borrowing needs

Personal Lines of Credit:

Use as much or as little as you need, whenever you need it. This loan stays open, and you'll only repay what you use.

  • Payment is re-calculated each month as a percentage of the outstanding balance.
  • Overdraft Protection - Safeguard yourself from insufficient funds.

Lower Your Rate Even More With Co-op Points

That's right. With 2,500 Co-op Points, you can reduce your Personal Loan rate by 0.25%. Do you have 5,000 Points? You can reduce that rate by up to 0.50%!

Learn more about Co-op Points

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Personal Loan Rates

Product Annual Percentage Rate Max Term Limits
Personal 11.99% 60 Months^ $25,000.00
Personal Line of Credit 13.50% Revolving $25,000.00
Overdraft Line of Credit 13.50% Revolving $25,000.00
Computer 9.90% 48 Months $15,000.00
Home Improvement 5.75% 36 Months $15,000.00
Home Improvement 6.75% 60 Months $15,000.00
Home Improvement 10.50% 84 Months $15,000.00
Energy & Fuel Conservation 3.90% 24 Months $3,000.00

 

^ 60 month term available for loan amounts of $15,001 or greater. Terms up to 48 months available for loan amounts of $15,000 or less.

Ready to apply for your Personal Loan?

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