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Consumer Loan Rates

New Auto and Car Loan Rates*

Effective Date: Monday, November 19, 2018

TypeAPRMonthly Payments per $1000 borrowed
1 Year with auto deduct from any SSB checking account**3.49%$84.92
1 year without auto deduct from any SSB checking account 4.99%$85.60
2 Years with auto deduct from any SSB checking account**3.49%$43.20
2 years without auto deduct from any SSB checking account 4.99%$43.87
3 years with auto deduct from any SSB checking account** 3.49%$29.30
3 years without auto deduct from any SSB checking account 4.99%$29.97
4 years with auto deduct from any SSB checking account** 3.49%$22.35
4 years without auto deduct from any SSB checking account4.99%$23.02
5 years with auto deduct from any SSB checking account**3.49%$18.19
5 years without auto deduct from any SSB checking account 4.99%$18.87
6 years with auto deduct from any SSB checking account** 3.99%$15.64
6 years without auto deduct from any SSB checking account 5.99%$16.57

*Annual Percentage Rate (APR) is subject to change without notice and is based on a down payment of at least 10% of the price of the new vehicle. Loans will not exceed more than 90% of the unit purchase price (shall not include destination, document prep, dealer prep, warranty and/or sales tax). Monthly payment will be determined by loan amount, rate, and term.  **Advertised rate applies only with automatic payment deductions from any South Shore Bank checking account. If you do not have auto deduct from a South Shore Bank checking account, the APR is 4.99% for up to 60 months and 5.99% for 61-72 months. Other restrictions may apply. Available only for 2018 models. Subject to credit approval. Vehicles with mileage less than 2,500 are considered new.

 

Used Auto and Car Loan Rates*

Effective Date: Monday, November 19, 2018

TypeAPRMonthly Payments per $1000 borrowed
1 year with auto deduct from any SSB checking account**3.99%$85.15
1 year without auto deduct from any SSB checking account 4.99%$85.60
2 years with auto deduct from any SSB checking account**3.99%$43.42
2 years without auto deduct from any SSB checking account 4.99%$43.87
3 years with auto deduct from any SSB checking account**3.99%$29.52
3 years without auto deduct from any SSB checking account 4.99%$29.97
4 years with auto deduct from any SSB checking account**3.99%$22.57
4 years without auto deduct from any SSB checking account 4.99%$23.02
5 years with auto deduct from any SSB checking account**3.99%$18.41
5 years without auto deduct from any SSB checking account 4.99%$18.87
6 years with auto deduct from any SSB checking account**4.50%$15.87
6 years without auto deduct from any SSB checking account 6.49%$16.81

*Annual Percentage Rate (APR) is subject to change without notice and is based on financing of no more than 90% of the unit purchase price (based on the N.A.D.A. Book). Loans will not exceed the purchase price. Monthly payment will be determined by loan amount, rate, and term. **Advertised rate applies only with automatic payment deductions from any South Shore Bank checking account. If you do not have auto deduct from a South Shore Bank checking account, the APR is 4.99% for up to 60 months and 6.49% for 61-72 months. Other restrictions may apply. Available only for models 2011-2017. Subject to credit approval.

Personal Loan Rates*

Effective Date: Monday, November 19, 2018

TypeAPRMonthly Payments per $1000 borrowed
12 - 24 months with auto deduct payments 9.750% $46.03 - $87.80
12 - 24 months (without auto deduct payments) 10.750%$46.49 - $88.27
25 - 36 months (with auto deduct payments)11.500%$32.98 - $45.17
25 - 36 months (without auto deduct payments) 12.500%$33.45 - $45.64

*Annual Percentage Rate (APR) is subject to change and requires automatic payment from a South Shore Bank checking account. Other restrictions may apply. $1,000-$5,000. Subject to credit approval.

Swimming Pool Loan

Effective Date: Monday, November 19, 2018

TypeAPR with Auto DeductAPR without Auto DeductMonthly Payments per $1000 borrowed With AutoDeduct/Without
5 Year Loan3.99%4.24%$18.41/$18.53
10 Year Loan4.49%4.74%$10.36/$10.48
15 Year Loan4.74%4.99%$7.77/$7.90

*Annual Percentage Rate (APR) as of 4/30/2018 and subject to change at any time. Advertised APR is fixed. Above rate includes a 0.25% discount for auto debit from a SSB Checking account. If you do not sign up for auto deduct your rate will be as low as 4.24% APR. Other terms and rates available. $10,000 - $350,000 Max CLTV 80% $350,000.01 - $500,000 Max CLTV 70%. 1-4 Family owner occupied Primary Residence. Normal and customary closing costs paid by SSB. Property held in a trust may be considered however the following fees will be collected from borrower prior to closing. Trust Review $300.00 Record Trustee certificate $75.00 additional fees may apply. Property insurance is required. Flood insurance may be required. Minimum loan amount $10,000. An appraisal fee ranging from $425 - $575 may apply. Consult a tax advisor about the deductibility of interest. Certain restrictions apply. Early termination fee of $475 may apply. Subject to credit approval. NMLS#407656.