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Auto & Boat Loan Rates

Our auto loan and boat loan rates help our Massachusetts and Rhode Island neighbors get ahead.

When you're ready to hit the road or waterways, we'll help you find the right loan. Whether you're purchasing new or used, or looking to refinance, our auto and boat loans keep you moving in the right direction.
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Automobile Loans

Used* (10% down payment) 2014 - 2019 Models

APR** Term Monthly payment per $1,000 borrowed
5.25% 36 Months $30.08
6.00% 48 Months $23.49
6.25% 60 Months $19.45
6.50% 72 Months $16.82

New* (5% down payment) 2020-2021 Models

APR** Term Monthly payment per $1,000 borrowed
3.74% 36 months $29.41
4.50% 48 months $22.81
5.00% 60 months $18.88
5.25% 72 months $16.23

*Rates posted for automobile loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Relationship Checking account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction. Subject to credit approval. Fees may apply.
**Annual Percentage Rate

Rates are subject to change without notice. Automobile Loans are only available to residents of Massachusetts and Rhode Island.

Boat Loans*

The simple boat loan to get you out onto the water!

Loans from $5,000-$50,000

APR** Term Monthly payment per $1,000 borrowed
4.500% 60 Months $18.64
5.500% 120 Months $10.85
6.000% 180 Months $8.44

Loans from $50,001-$100,000

APR** Term Monthly payment per $1,000 borrowed
4.250% 60 Months $18.53
5.250% 120 Months $10.73
5.750% 180 Months $8.30
5.750% 240 Months $7.02

Loans from $100,001-$200,000

APR** Term Monthly payment per $1,000 borrowed
4.000% 60 Months $18.42
5.000% 120 Months $10.61
5.500% 180 Months $8.17
5.500% 240 Months $6.88

Loans from $200,001-$500,000

APR** Term Monthly payment per $1,000 borrowed
4.000% 60 Months $18.42
4.750% 120 Months $10.48
5.500% 180 Months $8.17
5.250 % 240 Months $6.74

* Rates posted for boat loans reflect a reduction of .25% by having the loan payment automatically deducted from a BankFive checking account. Subject to credit approval. Fees may apply.

**Annual Percentage Rate

Rates are subject to change without notice. Boat Loans are only available to residents of Massachusetts and Rhode Island.