Consumer Loans

• Installment loan for 12 month up to 60 months for new or used cars.
• No down payment is required on new cars or a low 10% down payment is required for used cars.
• .25% rate reduction for payments made automatically from your EBSB checking or savings account .

Up to 100% Financing on New Cars. Maximum Loan Amount for New Cars is $50,000. Minimum down payment for Used Cars is 10%.
Effective Date: 12/31/2008

Automobile
Term	New Car (2008 and dealer left over 2007) APR*	Monthly Principal & Interest per $1,000 borrowed	Used Car (2007, 2006, 2005) APR	Monthly Principal & Interest per $1,000 borrowed
12 Mos.	5.25%	$85.72	6.00%	$86.07
24 Mos.	5.25%	$43.98	6.25%	$44.43
36 Mos.	5.25%	$30.08	6.50%	$30.65
48 Mos.	5.50%	$23.26	6.75%	$23.83 (2007 & 2006 only)
60 Mos.	5.75%	$19.22	N/A	N/A

*APR (Annual Percentage Rate)

• Revolving Line of Credit attached to your EBSB checking account
• Credit lines available from $500 to $3,000
• Protection from overdrawing from your checking account
• 18% Annual Percentage Rate

$25 annual fee

Effective Date: 12/31/2008

Easy Credit Lines*
Minimum Credit Line	Maximum Credit Line	Annual Percentage Rate
$500	$3,000	18%

*Available only with an EBSB checking account.

 

• A Home Equity Line of Credit offers you the benefit of a pre-approved credit line that can be used any purpose you desire.
• Available to 1-4 family owner- and non-owner occupied properties in Massachusetts and New Hampshire.
• Lines available from $10,000 to $500,000
• Your loan can be set up to have payments automatically taken out of your EBSB checking or savings account.
• The interest you pay on this loan may be tax deductible. Consult your tax advisor.
• Maximum Loan limit: $500,000 

Effective Date: 12/31/2008

Home Equity Line of Credit
Product	Annual Percentage Rate	Minimum Payment Options	Loan to Value	Term
Monthly Variable*	Prime Rate minus 1.00% (as of 11/30/08 Prime Rate is 4.00%)	1% of outstanding balance (P&I) not less than $100 per month**	80% w/EBSB 1st Mortgage and 75% w/all other banks	15 Year Total Term. 10 Year Draw. Remaining 5 Years, Fixed P&I repayment of outstanding balance.

Closing costs may apply in some situations (all Prime Line Products). Annual fee $25.00 Early termination fee of $250 applies for loans closed within first 12 months. Minimum annual percentage rate 4.00%. Maximum APR not to exceed 18%. Consult your tax advisor regarding deductibility of interest.

Additional fees may be applicable if the Prime Line will be a first mortgage.

Prime Rate as published in the Wall Street Journal on the last business day of the month. **Note: An Interest Only option is also available with this product.

$25 annual fee
$250 early termination fee for lines closed within the first 12 months

• No waiting period or application approval process
• Low fixed interest rate
• The funds borrowed are deposited into a Credit Builder Statement Savings account, which are held as collateral for the loan
• Loan amounts available from $1,000 to $3,000
• As the loan is paid back, you may withdraw excess funds and leave only the balance required as collateral for the unpaid balance
• All payment history is reported to credit bureaus, which will establish your credit history as you make payments
• Available to individuals who live in Massachusetts

3.00% above savings interest rate with a minimum
6.00% annual percentage rate
Minimum: 12 monthly payments at $68.07 per $1,000
Maximum: 36 monthly payments at $30.42 per $1,000