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Consumer Lending

We offer a variety of consumer loan products including auto loans, personal loans, Mass Save Heat loans and Solar Loans. Please contact any of our branch managers or our loan department for more information on rates, terms and the application process at 781-337-8000.

Planning a Home Improvement Project? Please click here to read the Massachusetts Homeowner’s guide to the Home Improvement Contractor (HIC) Program.

Home Equity Loans & Lines of Credit


Auto and Truck Loan

New or Used Vehicles
  • Various terms available.
  • Up to 100% financing available with no derogatory credit. If borrower has derogatory credit, up to 90% financing available if otherwise qualifies, SUBJECT   to rate differential
  • Maximum age of collateral is 5 years (ex. If current year is 2015, the oldest vehicle eligible for financing would be a 2010)
  • Value of collateral as determined by NADA clean retail value (as calculated with correct mileage and vehicle options) or comparable valuation method (ex. Kelly Blue Book) if an NADA value is not available.
  • Auto/ Truck loans are available for the PURCHASE or REFINANCE of a vehicle.
  • Customers cannot use the vehicle title to obtain a collateral loan.

Unsecured Personal Loan

  • Ideal for debt consolidation
  • Various terms available
  • Maximum loan amount is $5,000.00

Overdraft Line of Credit

This revolving credit plan automatically transfers funds, up to your credit limit to your Equitable Bank checking account to cover amounts drawn on your account. Maximum Overdraft line of $ 2,500.00 for personal Overdrafts Maximum Overdraft line of $5,000.00 for business overdrafts .Minimum monthly payment must be automatically deducted from an existing Equitable account.

To apply for an overdraft line of credit, please stop by one of our branch offices for an application or call 781-337-8000.

Loans Secured by Deposit Account

Customer may borrow up to 95% of their Equitable passbook savings or certificate of deposit account at any time simply on the basis of their signature.  This is a fast and affordable way to borrow without “cashing in” their passbook savings or certificate of deposit.

Any loan secured by a CD must mature PRIOR to the maturity of the CD.

Please visit one of our Branches for more information.

Mass Save Heat Loan

The HEAT Loan Program provides consumers the opportunity to apply for a 0% loan to assist with the installation of qualified energy efficient improvements in their homes. The loans are available up to $25,000 with terms up to 7 years.

To qualify for the loan, the customer must own 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. Additional qualifications and restrictions may apply. Customers should visit the Mass Save website,, for program details and requirements.

Mass Solar Loan – Carbon Reduction

  • Minimum Mass Solar Loan amount $ 3,000.00
  • Maximum Mass Solar Loan amount $ 50,000.00
  • Application fee is 1% of total loan amount (calculated BEFORE IBLS is applied if applicable)
  • Minimum qualifying credit score – 720
  • Maximum Debt To Income (DTI) of 40%
  • Credit Standards – No current delinquencies; a written letter of explanation is suggested on any credit trade-line reported as delinquent within the most recent twelve (12) months.
  • Underwriters at their discretion may document credit analysis by including a memo to the file.
  • Collateral – Filing of a UCC on solar equipment, AND an assignment of the SRECS.