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Thursday, July 24, 2008

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Personal Loans

If you're looking for the financial support to allow you freedom to achieve your goals, we can help you. Our personal loan programs are flexible enough to meet your needs, and every one comes with the personal attention that has made us a Norwood cornerstone for over a century.

Auto Loans

Upon completion of your application, we provide 24-hour turnaround time for approval of loans on new and used vehicles.

Auto loan application process includes:

  • Dealer Sale - Copy of the purchase and sale agreement
  • Private Sale - Copy of the existing title
  • Insurance binder - Required at loan closing

Please submit proof of income, such as a recent paystub, or tax return, if self employed, with all applications.

Monthly Auto Pay is available from most Norwood Bank Accounts.

 

Passbook Loans

This is a collateral loan made against funds in an NCB passbook savings account, or Certificate of Deposit (CD).

  • A variety of loan terms are available
  • Maturity Date of CD will determine the term of loan
  • Choose Interest only or Principal and Interest payments
  • Customer may borrow 90% of their passbook balance.
  • All owners must sign the collateral loan note.
  • The minimum loan amount is $1,000.

Monthly Auto Pay is available from most Norwood Bank Account .

NOTE: Interest is earned on the savings account or CD while the loan exists

 

Personal Loans

We offer unsecured personal loans (minimum: $1,000 and maximum $7,500) at competitive fixed rates to qualified borrowers. There are a variety of loan terms available to meet your individual needs. A decision will be made within 24 hours in most situations.

This type of loan can be used for minor home repairs, vacations, furniture or unexpected expenses. For more information, please call our Consumer Loan Specialist at (781) 440-4257 or get in touch with us through email.

Advantage Banking customers qualify for reduced rates. Monthly Auto Pay is available from most Norwood Bank Accounts.

Click here to download an Installment loan application. Please submit proof of income, such as a recent paystub, or tax return, if self employed, with all applications.  

 
APPLY ONLINE

Click below to apply online for a home equity loan, fixed rate or adjustable rate mortgage using our online mortgage tool.  Get current rates and valuable information about the programs we offer:

All deposit accounts at Norwood Cooperative Bank (known as "Norwood Bank") are insured in full through a combination of insurance provided by the FDIC and SIF.

INVESTMENTS DISCLAIMER: Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

Information updated August 2007. Other account options may be available.