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.

• 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.

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.

What interest rates and personal loan terms does Century Bank loan offer?

Century Bank loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Century Bank loan charge?

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 loan 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.