Personal Bank Loans
Home Equity Line of Credit
Put your hard-earned equity to work with a Home Equity Line of Credit. From home improvements, debt consolidation, college tuition - whatever you need - Martha’s Vineyard Savings Bank can help. With a Home Equity Line you decide how much and when to borrow. You’ll receive personalized checks to use when you need them, and you’ll only make monthly payments on the amount you borrow. With Home Equity Express, accessing the equity in your home has never been easier. There is no application fee, no closing costs, no points to pay, and expedited closings make this a fast, hassle-free process. Property insurance is required.
Home Equity Loan
A fixed-rate Home Equity Loan is a great way to put your home’s equity to work for you. Borrow up to 70% of the equity in your primary home as a lump sum, and make fixed monthly payments of principal and interest. With Home Equity Express, locking in a great rate is easy and inexpensive with no points, no closing costs, and no application fee.
Personal loans from $1,000 to $6,000 available to qualified applicants at a variety of terms and interest rates.
New car financing is available up to 80% of the vehicle sale price. Used car financing is available up to 80% of the Kelly Blue Book trade-in value or invoice price; whichever is lower. Used cars three years old or less can qualify for extended monthly payments.
You can use your Martha's Vineyard Savings Bank Passbook account or Certificate of Deposit (CD) to secure a variable rate loan up to 4% over the interest you are earning on your savings or CD account. You will continue to earn interest on the full amount of your account deposit balance.
Overdraft Protection - Reserve Line of Credit
Eliminate the worry and cost of having overdrawn checks returned with a Reserve Line of Credit. Lines of credit up to $2,000 are available to qualified applicants, with monthly payments conveniently deducted from a Martha's Vineyard Savings Bank deposit account.
Contact a Residential Loan Officer at 1-508-684-4180, toll-free at 1-855-470-8623 or via e-mail at firstname.lastname@example.org to request an application or to ask any questions you may have.