Loans

Get a new or used auto loan or refinance an auto loan from another financial institution. We offer up to 100% financing (of the NADA book value) with a variety of terms and special programs to fit your budget.

By using Franklin First’s low rates, flexible terms, and expedient processing, we take the stress out of getting the best vehicle loan.

Franklin First Direct Real Estate Loans:

• Home Equity Loans: Use equity you have built up in your home for just about anything with low rates and no closing costs 

• Home Equity Line of Credit: Open a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans. The max term is a five-year draw period with a 15-year amortized payment term. Plus, if your initial draw is over $25,000, we’ll waive the closing costs. Access the funds anytime you need them

  HELOC Disclosure

• Home Improvement Loans: An ideal loan for repairs or remodeling up to $30,000.  Member is responsible for providing a materials list or contract quote which satisfies Franklin First’s requirements 

Maximum credit line available is up to $15,000. Annual Percentage Rate (APR) for card is same for both transfer and purchases. Balance transfer not subject to any additional fees. Limited time offer, subject to credit approval.

Your VISA® card costs less at Franklin First as we offer:

• No annual fee

• Low interest rate for purchases

• Cash Advance Fee of $10.00 or 3% of the amount of each cash advance, whichever is greater

• Full suite of travel benefits at no additional cost

• Earn points for every purchase made

• Check your VISA® balance, available credit line, or make a payment 24/7

• Secured credit card also available

Personal Loan 

Unsecured loan, based on creditworthiness, can be used for a variety of things such as bill consolidation, appliances, vacations, car repairs, weddings, medical bills, and more.

Heat Loan

Franklin First partners with MassSave to offer our members 0% APR financing on home energy improvements, including attic, wall, and basement insulation, high-efficiency heating systems, high-efficiency domestic hot water systems, solar hot water systems, Energy Star® windows, and Energy Star® Thermostats.  All loans are subject to a free energy assessment. 

Fuel Assistance Loan

Simplifying your budget by taking advantage of a revolving line of credit that you can use year after year to help ease your heating bill burdens. This line of credit spreads your payments out to lower the monthly cost of your annual heating expense. 

Credit Builder Loan

Work to build your credit or repair your credit while creating positive savings habits with our credit builder loan. 

A Secured Loan is a loan that is secured by the amount available on deposit in the borrower’s share (savings) account. Funds are kept in the share for a specific period of time based on the terms of the loan. It essentially uses your savings as collateral.  

A Secured Visa Credit Card is a credit card line of credit that is secured by an amount available in a share (savings) account. The amount held is determined by the requested credit limit. 

These secured loan options provide a way to build a good credit score and work much like a personal loan to help you with a variety of expenses.