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Bank of Canton offers a variety of credit products to help you reach your goals. You can borrow funds to make home improvements, buy a new car, finance a wedding, or just about any other reason under the sun. We offer you choices. Whether you prefer secured or unsecured, loan or line, or short or long repayment periods, we have the product for you with quick decisions and fast turnaround time. |
Loans
We also offer some of the most competitive rates in the area. Plus, you get even lower rates if you are a member of Bank of Canton's Emerald Club or if you choose to have your payments automatically deducted from your Bank of Canton account.
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| Product | Term | Annual Percentage Rate (APR) |
Monthly Payment Per $1000 |
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|---|---|---|---|---|---|
| Personal Loans | 48 months | 12.00% | $26.33 | ||
| Auto - New | 24 months | 5.75% | $44.20 | ||
| 36 months | 5.75% | $30.30 | |||
| 48 months | 5.75% | $23.37 | |||
| 60 months | 6.00% | $19.33 | |||
| Auto - Used | 48 months | 6.50% | $23.71 | ||
| Advance Account (Overdraft Protection) |
revolving | 16.00% | |||
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Installment loans are restricted to MA residents. |
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Personal Loan
With a Bank of Canton Personal Loan, you can borrow funds at a fixed interest rate for any specific purchase or need. You can buy furniture, take a vacation, consolidate bills and more. Personal loans are available in amounts from $500 to $10,000 with terms of 1 to 4 years.
Savers Loan
With a Bank of Canton Savers Loan, you can borrow funds at a low interest rate while your collateral continues to earn interest. Loans can be secured by Bank of Canton Savings Accounts or Certificates of Deposit. Savers Loans are available in amounts from $500 and up (maximum of 90% of collateral value) with terms of 1 to 5 years. You may choose payments of interest only or principle and interest.
Auto Loan
With a Bank of Canton Auto Loan, you can borrow funds at a low fixed rate to purchase a new vehicle or a used vehicle up to 5 years old. Borrow up to 90% of purchase price with terms up to 5 years for new autos or up to 100% of NADA trade-in value with terms up to 4 years for used.
Revolving Credit Lines
Advance Account for Overdraft Protection
With a Bank of Canton Advance Account, borrowing funds is as easy as writing a check, using your debit card or accessing the ATM. The Advance Account is a line of credit attached to your checking account that can be used for a reserve to cover overdrafts or short-term borrowing. Your monthly checking account statement will show credit line activity and you may pay the full amount or minimum payment monthly. Extra payments can be made at any time. Lines are available in amounts from $500 to $5,000.
Extra Discounts Available
With membership to our Emerald Club, you can receive up to .50% off the rate on any non-mortgage loan or line. There is also a .25% discount with automatic payment for non Emerald Club members.
Find out more about our Emerald Club.
