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Personal Signature Loan

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Personal Signature Loan

Cover life’s planned and unexpected moments with a Personal Signature Loan. Whether it’s a dream vacation, paying for a wedding, or handling unexpected expenses like debt consolidation or medical bills, you can borrow up to $25,000 with terms that fit your needs.

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Savings Secured and Certificate Secured Loans

Looking to build or repair your credit? Our secured loans let you borrow funds using your Central One savings, money market, or certificate account as collateral—at competitive, low rates. Flexible terms make it easy to get started.

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Personal Access Line (PAL)

Plan for the unexpected with a Personal Access Line (PAL). Access up to $5,000 whenever you need it, with no fees on overdraft transfers—just pay interest on what you borrow. Whether it’s for peace of mind or covering unexpected costs, having a PAL gives you flexible, on-demand access to funds. Apply now, before you need it.

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Central One employees are the nicest and most helpful people that I have ever dealt with in any financial institution. Always willing to help and to make you feel comfortable.

— Cruz L.

FAQs

  • A personal loan from Central One can be used for almost any purpose, including consolidating debt, covering unexpected expenses, financing home improvements, paying for major purchases, or supporting life events. You choose how to use the funds.

  • Most personal loans at Central One are unsecured, meaning you don’t need to provide collateral such as a vehicle or home. This makes them a convenient option for quick access to funds.

  • Central One personal loans typically feature fixed rates, meaning your monthly payment stays the same for the life of the loan. This makes budgeting easier and more predictable.

  • No. Central One does not charge prepayment penalties, so you can pay off your loan early and save on interest if you choose.

  • Many borrowers in Central Massachusetts look to Central One for competitive personal loan rates, flexible terms, and fast local decision‑making. With branches in Auburn, Milford, Northborough, Shrewsbury, Westborough, Worcester, plus the ability to apply online, Central One offers convenient access and personalized service that’s hard to find at larger banks. Whether you need funds for debt consolidation, home projects, or unexpected expenses, Central One is a trusted local option for personal loans in Central Massachusetts.

Enjoy peace of mind with our Member Protect Program

With our Member Protect Program, borrowers may qualify for life, disability, and unemployment protection on their loans. If the unexpected happens—whether it’s losing your job, becoming disabled, or passing away—this voluntary protection offers relief from the financial strain of delinquency or foreclosure, giving you peace of mind when you need it most.

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Get the funds you need to bring your plans to life

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  • Rates are subject to change at any time.

    Personal Signature Loan: *Annual Percentage Rate (APR) based on creditworthiness, term and other factors. Call 800-527-1017 for details.

    Secured Loans: *110% of the loan amount will be held as collateral on Savings/Certificate Secured loans.

    Personal Access Line (PAL): *Based on creditworthiness.

Rates

Personal Loan Rates

Rates effective as of: April 3, 2026

Rates are subject to change at any time.
*APR Annual percentage rate

Personal Signature Loan and Personal Access Line of Credit
Based on creditworthiness, term and other factors.
Secured Loan -*110% of the loan amount will be held as collateral on Savings/Certificate Secured Loans.

Credit builder loan - Terms and conditions apply.
$5.00 Late payment fee applies

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Adjustable Rate Mortgages

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application. Payments do not include taxes and insurance. 

    Begin the Application Process Check Rates

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

Order Checks for your Home Equity Line of Credit (HELOC)

You can order checks through this link Order Checks or by calling 800-355-8123. You will need to input your account number and the Central One routing number (211387169). As a security precaution, you will not be able to change the address on the checks and all orders will be sent to the address of record on the account.

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Our branch lobbies and drive-ups will close at 3 PM on Wednesday, April 8th for an employee event. Our Member Support Center will close at 3:30 PM.