We are always looking for unique ways to help our customers improve and maintain their financial health, and as such, we are proud to introduce our suite of Consumer Lending products.
In addition to our Personal and Auto Loans, we have partnered with an award winning finance company, CommonBond, to provide student lending options. Whether you need an undergraduate or graduate student loan or are looking to refinance your existing student loans for a lower rate, our partnership offers solutions that may result in significant savings.
We've partnered with CommonBond because like us, they are straightforward and transparent in their lending. They are also committed to giving back, and have a unique partnership with Pencils of Promise, an organization that works to provide educational opportunities to children in developing countries.
Home Equity Line of Credit
A Needham Bank Home Equity Line of Credit (NB HELOC) is a revolving credit line which offers the power to tap into your home’s equity to provide funding for what is most important to you.
Offering competitive interest rates and closing cost credits, NB HELOCs are available with a $25,000 minimum line and no fees to access.
Our Personal Loans provide our customers with the opportunity to consolidate credit card debt, invest in some much needed home improvements without having to refinance, or pay for large ticket items like school tuition or a wedding.
With flexible options and repayment terms, our personal loans are a great financing solution. Click here to view our current rates. Our Personal Loans are currently available to residents of Massachusetts.
Whether you are looking to purchase a new or used vehicle, our auto loans offer competitive rates and low down payment requirements. Plus, if you set up an automatic payment from your NB Checking account, you may be eligible to receive an additional discount on your rate. Click here to view our current rates. Our Auto Loans are currently available to residents of Massachusetts.
It is easy to get caught up in day to day routines and lose track of your detailed finances. In those circumstances, our Overdraft Protection Line of Credit gives you the peace of mind to know that your expenses will be covered when linked with your NB Checking account. Different than the optional overdraft protection offered with our deposit accounts, our Line of Credit product allows you to carry a balance.
Pair this solution with NB Online and Mobile Banking alerts and the NB Money Management budgeting tool, and you'll be better prepared to prevent overdrafts. Click here to view our current rates.
What is student loan refinancing?
When you refinance your student loans, you're paying off your old loans with a new one at a lower interest rate that can save you thousands.
Who is it for?
If you have good credit and want to pay less for your student loans, refinancing could be the solution for you.
As an added incentive, if you choose to refinance with CommonBond, you'll automatically receive a $200 cash bonus from them once your loan is secured. And if you set up an auto-payment with your NB Checking account, they'll even give you a discount on your new student loan rate.
In addition to the simple refinancing solution, our partnership with CommonBond also offers student loans for those enrolling in college or continuing their education.
By completing a short online application, you can determine your proposed rate and select your loan term.