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Personal Loans

Optimum Personal Loan

Use your loan to help pay for your upcoming wedding, vacation, consolidate your debt, or cover any purchases you make. Subject to credit approval.

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  • APRs ranging from 8.959%* to 15.005%*
  • Quick, local decision-making and processing
  • Various terms available
  • Borrow from $1,000 - $10,000


APR = Annual Percentage Rate

*Annual Percentage Rate is based on creditworthiness, loan amount, loan term, and auto-pay from a StonehamBank checking account. Auto-pay is not required as a condition of approval. APRs are subject to change without notice and may be increased after consummation.

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For joint applications please contact us

Collateral Loan

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 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. Rest easy knowing that even if things do not go exactly the way you planned, you are still protected. You may qualify for a line of up to $2,500 with an 18% Annual Percentage Rate. $30 annual fee* applies. Subject to credit approval.

*Waived with an active Optimum Plus checking account. An active checking account is defined as having an average daily balance of $10,000 or a combined average deposit balances of $25,000.


ECOA: Under the Federal Equal Credit Opportunity Act and Massachusetts State Law, it is illegal to discriminate in any credit transaction on the basis of race, color, religion, national origin, ancestry, sex, gender identity, sexual orientation, marital status, children, handicap, age (provided that the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program or because a right was exercised in good faith under the Consumer Credit Protection Act.

USA Patriot Act: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or creates a new customer relationship with our bank.