Massachusetts Best Personal Loan Rates - September 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: 0.13% offering Share Secured/Credit Building Loan at 4.49% APR, Franklin First Federal Credit UnionFranklin First Federal Credit Union57 Newton St, Greenfield, MA, 01301 3113A+5.0 ★Texas Ratio: 3.81% offering Solar Loans at 6.49% APR, TEWKSBURYTEWKSBURY752 Main St, Tewksbury, MA, 01876A+5.0 ★Texas Ratio: 2.08% offering Personal Unsecured Loans at 6.50% APR, Happen BankHappen Bank1 Harbor St, Boston, MA, 02210A+5.0 ★Texas Ratio: 4.05% offering Personal Loan at 6.53% APR, and UMassFive College Federal Credit UnionUMassFive College Federal Credit Union200 Westgate Center Dr, Hadley, MA, 01035A5.0 ★Texas Ratio: 7.37% offering MySolar Loans at 6.88% APR. Personal loan rates as of September 22, 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, so 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: September 22, 2026
Massachusetts Personal Loan Rates
No additional details available.
Max Amount: $100,000
As Low As; Personal Unsecured Loans
APRs as low as 6.53%. Funding is as little as 24 hours.
Max Amount: $100,000
Rates Starting At...
Two Signatures - $10,000.00
No additional details available.
FICO Score: Platinum 740+
FICO Score: 700 or more
Rates Starting At...
As Low As
Up to 106.25% financing available for qualified members, terms available with certain restrictions and nominal rate increase; APR range: 7.5% or 10.0%
As Low As; Number of Signatures: 1
As low as
As Low As; Personal Unsecured Loans
Rates Starting At...
Rates Starting At...
Two Signatures - $10,000.00
No additional details available.
FICO Score: A 720-739
No additional details available.
Up to $15,000
As Low As; Maximum loan amount $25,000.00; Open end loan; All advances must be at a minimum of $1,000.00.
As Low As; Maximum $10,000
FICO Score: 650-699
No additional details available.
No additional details available.
No additional details available.
As low as
No additional details available.
No additional details available.
Up to $10,000; CU will pay vendors directly; current SMEFCU Loans are not eligible
FICO Score: B 700-719
Up to $15,000
No additional details available.
No additional details available.
Minimum / Maximum Loan Amount: $500 / $20,000
As Low As
As Low As
No additional details available.
No additional details available.
As Low As; Personal Unsecured Loans
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 09/18/2026 and is subject to change. 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. Call 800-628-2265 for the actual APR for your loan. NBT Bank loans are only available in Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Vermont. 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; Model Year: 2020 - 2021
As Low As
No additional details available.
As Low As; Loan Amount: $500 to $50,000
Rates shown are lowest rate. Other rates and terms are available.
All closings will be in person at a Cape Cod 5 Banking Center
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
Published APR range: From 9.75%. Loan amount: $25,000.00
Amount: $5,000 Maximum
As Low As;
No additional details available.
Up to $7,500.00
Up to $10,000; CU will pay vendors directly; current SMEFCU Loans are not eligible
FICO Score: C 680-699
No additional details available.
up to $2500
As Low As
APR=Annual Percentage Rate. Please note that the interest rate and fees shown here are available to members with an excellent credit history. The actual interest rate and fees available will be based on credit history, property type and loan transaction type, and may be different than the rates displayed here. APR = Annual Percentage Rate. APRs are based upon member's credit score. Rates listed above reflect strong credit worthiness. Payments listed above do not reflect life and disability insurance.
Up to $15,000
As Low As
Maximum Loan: $25,000.00
As Low As
Interest rate for all Personal Loan will be based on the applicants' credit score; Maximum Loan Amount is $20,000.00; Loan amount depended on credit worthiness and term of the loan.
No additional details available.
As Low As
$5,000.00 maximum loan. Up to 90% of secured amount in passbook. Principal payback determined by customer. Interest billed monthly. The APR may increase after consummation if the rate paid on the account being held as collateral increases. Please call for additional loan details.
As low as; Max. Amount: $ 15,000
Two Signatures - $10,000.00
As Low As; 9.00%
As Low As; Max Loan Amount: $25,000.00
Minimum / Maximum Loan Amount: $500 / $20,000
No additional details available.
Rate subject to credit approval
Loan Amount: min $500/max $10,000
As Low As
No additional details available.
FICO Score: 600-649
As Low As
Two Signatures - $10,000.00
As Low As
Maximum Loan: $35,000.00; APR = Annual Percentage Rate. Your rate, term, and approved loan amount may vary based on your creditworthiness. Collateral is subject to review and approval. Advertised APR is the lowest available. Not all borrowers will qualify for the lowest rate. Rates are effective as of today's date and are subject to change without notice. Membership eligibility is required.
No additional details available.
Term: Maximum term to 36 months
As Low As; up to $12,500
No additional details available.
Maximum Term = 48 months.
No additional details available.
Term: Various Terms Available; As Low As
As Low As; Personal Unsecured Loans
FICO Score: 790+; Amount: $15,000.00
No additional details available.
As Low As;
No additional details available.
FICO Score: D 660-679
$2501
As Low As
As Low As
No additional details available.
Maximum Loan: $25,000.00
No additional details available.
No additional details available.
As Low As
As Low As
(5)
Minimum & maximum loan amount: $1,000-$20,000
As low as; Max. Amount: $ 10,000
Risk > 700; Maximum Amount: $10,000
As Low As; 10.00%
Minimum / Maximum Loan Amount: $500 / $20,000
Loan Amount: min $5,000/max $10,000
No additional details available.
No additional details available.
FICO Score: Less than 600
As low as
As Low As; *Rates are subject to change without notice. Rates shown are the lowest available and may not be available to all borrowers. Your actual rate will be based on your creditworthiness and other factors.
No additional details available.
No additional details available.
Term: Maximum term to 48 months; Over $5000 with 2 signatures from same household
As Low As
No additional details available.
Massachusetts Personal Loan Rates
APRs as low as 6.53%. Funding is as little as 24 hours.
FICO Score: 700 or more
As Low As
Up to 106.25% financing available for qualified members, terms available with certain restrictions and nominal rate increase; APR range: 7.5% or 10.0%
As Low As; Number of Signatures: 1
As low as
No additional details available.
Up to $15,000
As Low As; Maximum loan amount $25,000.00; Open end loan; All advances must be at a minimum of $1,000.00.
As Low As; Maximum $10,000
FICO Score: 650-699
No additional details available.
No additional details available.
As low as
No additional details available.
No additional details available.
Up to $15,000
No additional details available.
Minimum / Maximum Loan Amount: $500 / $20,000
As Low As
No additional details available.
No additional details available.
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 09/18/2026 and is subject to change. 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. Call 800-628-2265 for the actual APR for your loan. NBT Bank loans are only available in Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Vermont. 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; Model Year: 2020 - 2021
As Low As
No additional details available.
As Low As; Loan Amount: $500 to $50,000
No additional details available.
As Low As
No additional details available.
No additional details available.
Amount: $5,000 Maximum
Up to $7,500.00
No additional details available.
up to $2500
APR=Annual Percentage Rate. Please note that the interest rate and fees shown here are available to members with an excellent credit history. The actual interest rate and fees available will be based on credit history, property type and loan transaction type, and may be different than the rates displayed here. APR = Annual Percentage Rate. APRs are based upon member's credit score. Rates listed above reflect strong credit worthiness. Payments listed above do not reflect life and disability insurance.
Up to $15,000
As Low As
Maximum Loan: $25,000.00
As Low As
No additional details available.
$5,000.00 maximum loan. Up to 90% of secured amount in passbook. Principal payback determined by customer. Interest billed monthly. The APR may increase after consummation if the rate paid on the account being held as collateral increases. Please call for additional loan details.
As Low As; 9.00%
Minimum / Maximum Loan Amount: $500 / $20,000
Rate subject to credit approval
Loan Amount: min $500/max $10,000
No additional details available.
FICO Score: 600-649
As Low As
As Low As
No additional details available.
Term: Maximum term to 36 months
As Low As; up to $12,500
Maximum Term = 48 months.
Term: Various Terms Available; As Low As
$2501
No additional details available.
Maximum Loan: $25,000.00
No additional details available.
No additional details available.
(5)
Minimum & maximum loan amount: $1,000-$20,000
Risk > 700; Maximum Amount: $10,000
As Low As; 10.00%
Minimum / Maximum Loan Amount: $500 / $20,000
Loan Amount: min $5,000/max $10,000
No additional details available.
No additional details available.
FICO Score: Less than 600
As Low As; *Rates are subject to change without notice. Rates shown are the lowest available and may not be available to all borrowers. Your actual rate will be based on your creditworthiness and other factors.
No additional details available.
Term: Maximum term to 48 months; Over $5000 with 2 signatures from same household
Massachusetts Debt Consolidation Loan Rates
No additional details available.
No additional details available.
As Low As;
As Low As
As Low As
No additional details available.
Maximum $15,000
No additional details available.
Massachusetts Signature Loan Rates
Two Signatures - $10,000.00
Two Signatures - $10,000.00
No additional details available.
Two Signatures - $10,000.00
Two Signatures - $10,000.00
No additional details available.
As Low As;
No additional details available.
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 0.352 points over the past 7 days to 12.346% APR.
Massachusetts signature loan rates fell 0.893 points over the past 7 days to 10.090% APR.
Massachusetts Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Massachusetts figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current MA average personal loan APR of 12.35%, 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 | $236.18/mo | $166.90/mo | $132.52/mo | $112.10/mo |
| $10,000 | $472.35/mo | $333.80/mo | $265.04/mo | $224.20/mo |
| $15,000 | $708.53/mo | $500.70/mo | $397.56/mo | $336.30/mo |
| $25,000 | $1,180.88/mo | $834.50/mo | $662.60/mo | $560.49/mo |
| $35,000 | $1,653.23/mo | $1,168.29/mo | $927.64/mo | $784.69/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) | 12.35% | $397.56 | $4,083 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,067 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $3,601 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,194 |
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.
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 $398 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)
- Franklin First Federal Credit Union: 6.49% (Solar Loans)
- TEWKSBURY: 6.50% (Personal Unsecured Loans)
- Happen Bank: 6.53% (Personal Loan)
- UMassFive College Federal Credit Union: 6.88% (MySolar Loans)
