Century Bank of Massachusetts Lines of Credit

Century Bank of Massachusetts Lines of Credit Review

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

Century Bank of Massachusetts Lines of Credit FAQ

What APRs does Century Bank of Massachusetts Lines of Credit offer?

Century Bank of Massachusetts Lines of Credit offers a fixed APR product, but they do not disclose their rates.

Does Century Bank of Massachusetts Lines of Credit charge an origination fee?

Yes, Century Bank of Massachusetts Lines of Credit charges an origination fee.

Does Century Bank of Massachusetts Lines of Credit charge prepayment fees?

Yes, Century Bank of Massachusetts Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

What do you need to qualify for Century Bank of Massachusetts Lines of Credit?

Century Bank of Massachusetts Lines of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Century Bank of Massachusetts Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

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 Lines of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Century Bank of Massachusetts Lines of Credit.

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

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

What are the business financing requirements for Century Bank of Massachusetts Lines of Credit?

To apply for Century Bank of Massachusetts Lines of Credit, the applicant needs to provide the following documentation:

• Business license
• Business bank account

Does Century Bank of Massachusetts Lines of Credit report your account activity to credit bureaus?

Yes, Century Bank of Massachusetts Lines of Credit 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.

What types of business lines of credit does Century Bank of Massachusetts offer?

Century Bank of Massachusetts only offers unsecured lines of credit.