Consumer Loan Rates

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Get the finances you need without paying a high price

As of 1/3/23

Reasonable rates mean lower monthly payments

Life is expensive enough without paying off-the-chart interest rates. At Berkshire Bank, you can get the money you need to make your life better without putting a big dent in your household budget. Apply online, over the phone, or in person at your local branch.

Consumer Loans

Loan Type Annual Percentage Rate (APR) Maximum Term Available Monthly Payment per $1,000 Borrowed
Autos, Motorcycle loans, 95-120% max LTV Maximum age of collateral is 9 years. Contact your local branch for additional terms, model years, and rates.
2022 or Newer 3.49% 36 months $29.30
2022 or Newer 4.24% 66 months $17.02
2022 or Newer 4.74% 72 months $15.99
2022 or Newer 4.84% 75 months $15.48
2022 or Newer 5.54% 84 months $14.39
ATVs, Watercraft & Snowmobile loans, 95% max LTV
2021 or Newer 4.75% 5 years $18.76
2015 - 2020 5.70% 4 years $23.35
Boats & RV loans, 95% max LTV Maximum age of collateral is 9 years.
2021 or Newer ($15,000 minimum loan amount) 4.95% 10 years $10.59
2021 or Newer ($15,000 minimum loan amount) 5.25% 15 years $8.04
Boats & RV loans, 95% max LTV up to 72 months Maximum age of collateral is 10 years.
2021 or Newer 4.75% 6 years $15.99
Secured Personal Loans, 95% max LTV: Collateral owned by Customer; Auto/Motorcycle (10 years or newer); Boat/RV (10 years or newer); ATV, Watercraft & Snowmobile (6 years or newer).
$5,000 & Above 7.50% 5 years $20.75
$4,999 & Below 8.00% 4 years $24.41
Unsecured Loans
$500 & Up 8.99% 5 years $20.76
Reddi Cash (Overdraft)
$500 to $7,500 18.00% N/A $65.29*
Service Member Reddi Cash (Overdraft):
$500 to $7,500 9.99% N/A $58.41*

Annual Percentage Rates (APR), interest rates and terms will be determined by the customer’s overall credit rating, loan term, amount financed, age of collateral (if applicable) and monthly billing method.  Stated APR is based on a credit score of 740 plus. Maximum loan to value financing on collateralized loans are pending year, make, model and credit performance.  For Term loans, minimum term is 6 months and minimum loan amount is $500. Vendor Single Interest insurance, title fees and additional terms and conditions may apply.  A 0.25% rate discount applies to loans with auto payment from a Berkshire Bank checking account (excludes the Reddi Cash product).  All consumer loan products shown here are fixed rates.  Loans are subject to credit approval.  Additional terms and conditions may apply. Rates are subject to change without notice.  Reddi-Cash is a fixed rate personal line of credit tied to a Berkshire Bank checking account for the purposes of overdraft protection. Service Member Reddi Cash requires an eXciting Military CheckingSM account. 

*Monthly payment per $1,000 based on 5% of the principal balance plus monthly interest. 

Rates are subject to change without notice.

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