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  Century Bank of Massachusetts Personal Loans

Century Bank of Massachusetts Personal Loans

in Personal Loans from Century Bank of Massachusetts

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Century Bank of Massachusetts Personal Loans

Unaffiliated

in Personal Loans from Century Bank of Massachusetts

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Highlights
APR  (Fixed APR) 0% - 18%
Loan Amount N/A
Loan Term (Months) N/A

Century Bank of Massachusetts Personal Loans Review

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

Key Takeaways
  • APRs starting at 0%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Century Bank of Massachusetts Personal Loans are on the lower end of the spectrum.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Century Bank of Massachusetts Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Century Bank of Massachusetts Personal Loans early.
Century Bank of Massachusetts Personal Loans Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • Considers applicants with fair credit.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee.
Century Bank of Massachusetts Personal Loans FAQ

What rates and terms does Century Bank of Massachusetts Personal Loans offer?

Century Bank of Massachusetts Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Century Bank of Massachusetts Personal Loans offer?

Century Bank of Massachusetts Personal Loans offers a fixed APR personal loan product that ranges from 0% APR up to 18% APR.

Century Bank of Massachusetts Personal Loans Rates & Terms
Loan Amount N/A
Loan Term N/A
APR 0% - 18%

What fees does Century Bank of Massachusetts Personal Loans charge?

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

Century Bank of Massachusetts Personal Loans may charge a loan origination fee.

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

Yes, Century Bank of Massachusetts Personal Loans may charge borrowers a late payment fee.

Does Century Bank of Massachusetts Personal Loans charge prepayment fees?

Yes, Century Bank of Massachusetts Personal Loans may charge additional fees to borrowers who pay off their loans 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 loan early.

Century Bank of Massachusetts Personal Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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

Applicants with a credit score of at least 500 and up to 800 may be eligible for Century Bank of Massachusetts Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Century Bank of Massachusetts Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Century Bank of Massachusetts Personal 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 Personal 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 Personal 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
Century Bank of Massachusetts Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Credit Score 500 - 800

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

Yes, Century Bank of Massachusetts Personal 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Massachusetts
Availabile in all of Massachusetts

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Credit Score Range 500 - 800
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Storefront
  • Bank Transfer
APR (Fixed APR) 0% - 18%

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