Century Bank of Massachusetts Auto Loans Review

Century Bank of Massachusetts Auto Loans is offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank of Massachusetts Auto Loans is available in 1 state across the USA.

What APR does Century Bank of Massachusetts Auto Loans offer on its car loans?

Century Bank of Massachusetts Auto Loans offers a fixed apr car loan product that ranges from 4.99% APR up to 6.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Century Bank of Massachusetts Auto Loans?

Century Bank of Massachusetts Auto Loans has car loans with terms ranging from 36 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Century Bank of Massachusetts Auto Loans charge an origination fee?

Yes, Century Bank of Massachusetts Auto Loans may charge a loan origination fee.

Does Century Bank of Massachusetts Auto Loans charge a late fee?

Yes, Century Bank of Massachusetts Auto Loans charges borrowers with a late payment penatly fee

Does Century Bank of Massachusetts Auto Loans charge prepayment fees?

Yes, Century Bank of Massachusetts Auto Loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Century Bank of Massachusetts Auto Loans loan?

Yes, you can. However, Century Bank of Massachusetts Auto Loans charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Century Bank of Massachusetts Auto Loans?

Applicants with a credit score of at least 500 and up to 600 may be eligible for Century Bank of Massachusetts Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Century Bank of Massachusetts Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Century Bank of Massachusetts Auto Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Century Bank of Massachusetts Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Century Bank of Massachusetts Auto Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Government issued photo ID
• Proof of identity

Does Century Bank of Massachusetts Auto Loans report your account activity to credit bureaus?

Yes, Century Bank of Massachusetts Auto Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.