Consumer Loan Rates

Rates are subject to change without notice. Subject to individuals residing or working in Western or Central Massachusetts; or Northern or Central Connecticut. 

All Loans with an Asterisk (*) reflect a 0.250% interest rate discount as long as you maintain an automatic payment withdrawal from a new or existing Westfield Bank checking account. The account must be opened prior to the settlement of your loan. A Relationship Banking Notice will be given at the start of your application.

For more information, or to apply, contact a Consumer Loan Specialist at 413.568.1911, 860.838.3766 or 800.995.5734, apply online, or visit any of our convenient offices.

View our Financial Calculators here

Annual Percentage Rates (APRs) are accurate as of May 23, 2024. All rates are subject to change without notice.
Westfield Bank NMLS ID 439933

Auto Loans - Consumer Only

Term Interest Rate Annual Percentage Rate (APR) Monthly Payment Per $1,000 Borrowed Apply
New 60 Months

7.250%* 7.250% $19.92 Apply Now
New 48 Months

7.250%* 7.250% $24.06 Apply Now
New 36 Months

7.250%* 7.250% $30.99 Apply Now
Used 60 Months
Model Years 2021-2024
7.250%* 7.250% $19.92 Apply Now
Used 48 Months
Model Year up to 2020
7.250%* 7.250% $24.06 Apply Now
Used 36 Months
Model Year up to 2019
7.250%* 7.250% $30.99 Apply Now

New car loans are only available on model year 2024 up to 

  • 100% of the purchase price for loan amounts up to $50,000 
  • 90% of the purchase price for loan amounts up to $50,001 - $70,000 
  • 80% of the purchase price for loan amounts up to $70,001 or more 

Pre-owned car loan maximum financing 2019-2024. 

  • Model year 2019 has a maximum term of 36 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail 
  • Model year 2020 has a maximum term of 48 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail 
  • Model years 2021-2024 have a maximum term of 60 months, Lesser of 90% of the purchase price or 90% NADA Clean Retail 

*Rates include a 0.250% discount with automatic payment from a Westfield Bank checking account. New accounts must be opened prior to closing. Call us for more details. 

Recreational Vehicles

Term Interest Rate Annual Percentage Rate (APR) Monthly Payment Per $1,000 Borrowed Apply
Motorcycle, RV & Boat Loans 12 Months 7.750%* 7.750% $86.87 Apply Now
Motorcycle, RV & Boat Loans 24 Months 7.750%* 7.750% $45.11 Apply Now
Motorcycle, RV & Boat Loans 36 Months 7.750%** 7.750% $31.22 Apply Now
Motorcycle, RV & Boat Loans 48 Months 7.750%* 7.750% $24.30 Apply Now

20% Down Payment Required.  **APR is based off of 48 months.  *Rates include a 0.250% discount with automatic payment from a Westfield Bank checking account. New accounts must be opened prior to closing. Call us for more details.

Pool and Spa Loans

Term Interest Rate Annual Percentage Rate (APR) Monthly Payment Per $1,000 Borrowed Apply
Pool & Spa 60 Months 6.250% 6.250% $19.45 Apply Now
Pool & Spa 48 Months 6.250% 6.250% $23.60 Apply Now
Pool & Spa 36 Months 6.250% 6.250% $30.54 Apply Now
Pool & Spa 24 Months 6.250% 6.250% $44.33 Apply Now
Pool & Spa 12 Months 6.250% 6.250% $86.18 Apply Now

90% of the purchase price with a maximum loan amount of $10,000. (Home Equity Loans or Lines of Credit may be available for any loans over $10,000.)