Attention Customers:
Since the "Heartbleed" online security vulnerability was discovered on April 7th, Norwood Bank has conducted a thorough review of all systems. We are pleased to report that there were no vulnerabilities found. It is recommended that customers continue to update their passwords regularly. To learn more about the vulnerability click here.
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Consumer Loans

At Norwood Bank, we believe in offering personal lending solutions that are affordable and tailored to your needs. Whether you’re looking for an auto loan or a personal loan / line of credit, we’re here to help. Stop by our main branch in Norwood, MA to learn how you can apply for a consumer loan.

print this pageLoan Rates as of Thursday, April 24th, 2014

Personal Installment Loan with Advantage Checking

TermAPRPayment Per $1,000
12 months12%$88.85
24 months12%$47.07
36 months12%$33.21

New Auto Loans with Advantage Checking

TermAPRPayment Per $1,000
24 months6.99%$44.77
36 months6.99%$30.87
48 months6.99%$23.94
60 months6.99%$19.80

Used Auto Loans with Advantage Checking

TermAPRPayment Per $1,000
24 months7.99%$45.22
36 months7.99%$31.33
48 months7.99%$24.41
60 months7.99%$20.27

Personal Installment Loans

TermAPRPayment Per $1,000
12 months13%$89.32
24 months13%$47.54
36 months13%$33.69

New Auto Loans

TermAPRPayment Per $1,000
24 months7.99%$45.22
36 months7.99%$31.33
48 months7.99%$24.41
60 months7.99%$20.27

Used Auto Loans

TermAPRPayment Per $1,000
24 months8.99%$45.68
36 months8.99%$31.80
48 months8.99%$24.88
60 months8.99%$20.75

Overdraft Protection Account

TermAPR*Payment per $1,000
Revolving18%n/a

*APR= Annual Percentage Rate

The application process requires a completed application, two most recent paystubs, or tax returns if self employed. Minimum personal loan amount is $1,000 to a maximum of $7,500.  Auto loan applications should include a copy of the purchase and sale agreement from the auto dealer, or a copy of the existing title if a private sale. An insurance binder is required at closing. A 20% downpayment is required for new auto loans, and a 25% downpayment is required for used auto loans.