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Let Cambridgeport Bank help you meet your financial goals. We make our unsecured personal loans to meet a borrower's needs. With established credit standards we'll help you to consolidate outstanding debt or plan for fun recreational purposes.
A loan that is secured with the funds in a Passbook Savings account or a Certificate of Deposit acting as collateral. This loan is often used to help establish or rebuild credit as it is reported to the credit bureau.
SECURED PERSONAL LOAN FEATURES
- Easy application process via telephone, or in person
- 24-hour response on loan application during business banking hours
- No credit check
- As the loan is paid down, your funds in the secured account becomes accessible
- Funds in the deposit account continue to earn interest.
- No pre-payment penalties
- Helps customers establish or rebuild negative credit
- Loan offers a fixed interest rate
LOAN TERMS
- Varying loan terms available
- Maximum Loan Amount is 95% of available account balance.
- Minimum Loan Amount is $500.00
UNSECURED PERSONAL LOAN FEATURES
- Easy application process via telephone, or in person
- 24-hour response on loan application during business banking hours
- By having your payment made directly from a Cambridgeport Bank Checking or Savings Account you will be eligible for a lower interest rate.
- Convenient disbursement at any one of our 10 branch locations
- Varying loan terms available
- Minimum Loan Amount of $500.00
- Maximum Loan Amount of $6,000.00
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