Personal Loans

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When you need extra cash to cover an expense, we offer a variety of options to help you finance smaller expenses.

Loan Type

Unsecured Loans

We offer a variety of flexible loan options for personal loans in amounts up to $5,000.

Collateral Loans

Take a loan from yourself! Using your existing passbook savings or certificate of deposit, you can borrow the money you need and when you're done paying it off, you'll still have something to show for it. Collateral loan rates are very low and you'll feel good about paying yourself back.

Cash Reserve (Overdraft Protection)

Get added protection. The cash reserve line of credit is a great way to avoid overdrawing your checking account. With no application to complete, you'll be confident that your checks will always be paid. You may qualify for a line of up to $2,500 instantly with an 18% Annual Percentage Rate. Lines above $2,500 require an application. $30 annual fee applies. Subject to credit approval.1

PaySound® Line of Credit

Apply for a no-credit-score line of credit up to $1,000.2

1Annual fee waived when you maintain a minimum average monthly checking balance of $15,000 or a minimum average monthly combined balance of $25,000 in StonehamBank checking, savings, money market, IRA, and CD accounts.

2All credit products are subject to credit approval. You must have a PaySound checking account to be approved for and maintain a PaySound line of credit. To be eligible to apply for the Pay Sound line of credit, up to $1,000, with no credit score required, you must have an existing checking account at StonehamBank that has been open for at least 96 days and you must have 20 or less overdrafts within the preceeding rolling 12 month period.