Frequently Asked Questions

You have questions, we have answers. Whether you need help with your checking account, loan or fraud prevention measures, we have the all the answers to the most frequently asked banking questions.

And if you don’t see the answer you’re looking for, feel free to call our Customer Care Center at 781-444-2100 and speak to one of our experts.

When selecting a PIN or password, we recommend that you do not use a number or word that appears in your wallet, or any easily identifiable personal information, such as name, birth date or phone number or other information that could be easily accessible on social media.

If you can manage the repayments, a business can be a smart way to seize business opportunities, invest in your business growth, handle operational expenses, and more. Talk to your experts at Needham Bank to help you decide if a business loan is the right strategy for you.

A business loan term depends on the type of loan. Talk to the Needham Bank business lending team so we can help you find the right solution for your needs from the wide range of options we offer.

Business loan interest rates may vary based on factors like the type of loan you take and its specific terms. Please contact your experts at Needham Bank for the most current and accurate rates.

If your business loan is in your name or you sign a personal guarantee, it can impact your personal credit.

It can be challenging to get a startup business loan with no money, but with a solid business plan and a trusted financial partner, it’s possible. Let’s explore your options together.

Eligibility requirements for a business loan may vary. However, you can typically expect a review of information such as your business plan, the current state of your financials, your credit history, and any applicable collateral.

Business loans work by providing a set amount of money upfront that a business can access and use right away. The business can then repay the funds over time, including the full principal and any interest.

A bridge loan is a short-term loan, typically used in real estate to cover expenses before long-term financing.

Start by reaching out to us with information about your financials and rental property. We’ll help you figure out what you need to make your investment a reality.

The process for getting a commercial mortgage is similar to a residential mortgage, but often involves more documentation. Get in touch with your Needham Bank team to discuss your options.

Commercial mortgage interest rates may vary based on factors like loan type and terms. Please contact your experts at Needham Bank for the most current and accurate rates.

Commercial real estate loans work by providing funds upfront so you can purchase or refinance a commercial property. You can then repay the loan over time, with interest. With Needham Bank’s straightforward and transparent lending options, you’ll have the funding you need to support your success.

A commercial real estate loan or commercial property loan is a funding tool used to purchase or refinance commercial property, like offices, retail space, or apartment buildings.

That depends! If you’re all about stability and predictability, a fixed-rate mortgage can be your best pal. Chat with your Needham Bank experts so we can help you figure out what type of mortgage is best for you.

No, the only way a fixed-rate mortgage would change is if you decide to refinance. Otherwise, you can enjoy the peace-of-mind that comes with a steady interest rate that won’t change with the market.

Yes, you can refinance a fixed-rate mortgage! Refinancing can be a great way to snag lower rates or adjust the repayment term to make your monthly payments even more manageable.

Your interest rate doesn’t change with a fixed-rate mortgage. In contrast, interest rates change with the market for variable-rate mortgages.

A fixed-rate mortgage is a type of residential loan that keeps your interest rate the same during the entire repayment period.

A fixed-rate mortgage is a type of residential loan that keeps your interest rate the same during the entire repayment period.

Your perfect mortgage match is out there! We’ll help you explore your options to find a first-time home buyer program with a competitive rate that will help you pursue this milestone no matter your financial situation.

Some factors that can help you get approved for a home loan as a first-time buyer include your credit score, income, the size of your down payment, and more. Let us know if you have questions or concerns — over 130 years of experience have made us pretty good at opening the door for new neighbors!