Eastern Bank Personal Loans review: no origination or prepayment fees
Check out this Eastern Bank Personal Loans review article and learn how to borrow up to $25,000 with flexible terms and competitive rates.
Eastern Bank Personal Loans: up to $25,000 with flexible terms
This Eastern Bank Personal Loans review will show you how to borrow up to $25,000 with flexible terms and competitive rates.
Also, the bank doesn’t charge any origination, annual, or prepayment fees.
The amounts vary from $2,000 to $25,000, and you can use the money to consolidate debt, fund home improvements, or pay for large purchases.
Check out the summary right below!
|APR||From 7.99% to 16.99%|
|Loan Purpose||Personal (payoff credit cards, home improvements, and more)|
|Loan Amounts||From $2,000 to $25,000|
|Credit Needed||Not disclosed|
|Terms||From 12 to 60 months|
|Late Fee||Not disclosed|
|Early Payoff Penalty||None|
Keep reading to learn how it works!
How does the Eastern Bank Personal Loans work?
Eastern Bank offers personal loans for you to borrow up to $25,000 with reasonable and competitive rates.
You can use the money for almost all personal reasons, including paying off credit cards, funding home improvements, and paying for large purchases.
Also, the bank doesn’t charge any origination, annual, or prepayment fees whatsoever.
APRs vary from 7.99% to 16.99%. In addition, rates are fixed so that you can enjoy peace of mind knowing that the monthly installments are fixed, too.
Furthermore, terms are flexible and range from 12 to 60 months.
The bank offers a discount of 1% for automatic payments for applicants who have an Eastern Premier or Select checking account.
On the other hand, you can access a discount of 0.5% for automatic payments if you have any other Eastern account.
Moreover, Eastern Bank provides physical branches and all you need in terms of banking products and services.
However, it is important to note that the bank only lends in MA, CT, NH, and RI.
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Eastern Bank Personal Loans benefits
Eastern Bank provides a whole package of financial products and services that you can rely on whenever you need them.
Personal loans offered by this bank are reasonable and accessible.
Also, depending on the account you have, you will access discounts for automatic payments.
Amounts range from $2,000 to $25,000, and terms vary from 12 to 60 months.
In addition, rates are fixed, which allows you to have full control of your finances since monthly payments are fixed, as well.
Plus, Eastern Bank doesn’t charge any origination, annual, or prepayment fees.
Check the pros and cons we’ve found in this Eastern Bank Personal Loans review.
- Eastern Bank provides a complete range of financial products and services;
- It offers personal loans for almost all personal reasons;
- It doesn’t charge origination, annual, or prepayment fees;
- It provides great loan amounts that vary from $2,000 to $25,000 with flexible terms ranging from 12 to 60 months;
- Rates are fixed and competitive;
- It offers discounts for automatic payments depending on the account you have.
- Lending services are only available in MA, CT, NH, and RI.
How good does your credit score need to be?
This information is not disclosed. However, let’s suppose you have an excellent credit score, then you will access the best rates.
How to apply for Eastern Bank Personal Loans?
Now, learn how the Eastern Bank Personal Loans application works.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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