Hingham Institution for Savings - HIFS - Residential Mortgages, Home Equity and Consumer Lending

Personal Loans

There are times when you may need some extra money for anything from home repairs, to debt consolidation, to the purchase of a new car. We understand you'd like the loan process to be fast and simple. We have several lending choices and you can count on our customer service representatives to assist you in finding a loan solution that is right for you.

If you choose to go with our Home Equity Line or Home Equity Loan, our Loan Officers will be with you each step of the way, from expert advice, throughout the application process, to handing you the check. And all of our home loans are locally serviced. That means you can count on personal service for the life of your loan. Click here for rates

Loan Solutions

Home Equity Line
Home Equity Fixed Rate Loan
Overdraft Protection
Personal Loan
Passbook Loan
Automobile Loan

Home Equity Lines of Credit

Check our rates Take advantage of the equity in your home with a Home Equity Line. Use the line for home improvements, college education, a new car, or any other personal need. We charge no points, fees, or closing costs.

Our interest rate can change monthly and is below prime for the life of the loan with no minimum balance requirement. The maximum loan amount available is determined by the available equity in your home and your ability to repay. Check with your tax advisor for possible tax savings with the use of this product. Click here for rates

Home Equity Line Features

No points, fees or closing costs
Low rate of Prime minus 1% for life
No minimum balance requirement
Minimum annual percentage rate 3.50% (new accounts only)
Maximum annual percentage rate 18.00%
Line amounts from $10,000. to $250,000

Fixed Rate Home Equity Loan

Check our rates For those who prefer a Fixed Rate Equity Loan, we offer a fixed rate product at a slightly higher interest rate. Borrow $25,000 or more to meet your needs with a fixed rate equity loan today. Click here for rates

Fixed Rate Home Equity Loan Features

No points, fees, or closing costs.
Borrow $25,000 or more
No points, fees or closing costs
Fixed rate for 10 or 15 years

Overdraft Protection

No need to worry about the embarrassment of bouncing a check or paying overdraft charges if you have our Overdraft Protection! If you should overdraw your checking account, funds from the Overdraft Protection credit line will be advanced in increments of $100, up to your available credit limit, to a maximum of $3,000. Repayment is monthly, with a minimum monthly payment of 5% of the outstanding balance. An Overdraft Protection line has a percentage rate of 15% and an annual fee of $10.00. The interest rate is fixed and you only pay for the money when you're using it. Click for rates

Personal Loans

We make loans for any good reason. You may have an unexpected emergency and need the money quickly. We can lend you from $1,000 (minimum) up to $3,000 (maximum). Payments may be made up to a maximum term of three years. The rate is fixed, so your payment stays the same. Save an additional 1/2% on the interest rate if you set up automatic payments from your Hingham Institution for Savings account. Click for rates

Personal Loan Features

$1,000 to $3,000 unsecured
Borrow up to 3 years
Fixed Rate

Passbook Loans

If you want to establish credit, need cash now, or you're just looking for a loan with the best rate, this may be a great option for you. A Passbook Loan is a secured loan with your Hingham Institution for Savings passbook or CD as collateral. Funds are available immediately and you may borrow up to 90% of the balance of your collateral account. The interest rate is low also, only 3% over your deposit rate. Call us today for more information.
Click here for rates

Passbook Loan Features

Borrow up to 90% of your passbook or CD balance
Low fixed rate

Automobile Loans

Hingham Institution for Savings offers new and used car loans. We'll get you behind the wheel of your car quickly with a minimum amount of paperwork. Our rates are low and only require a 20% down payment for new or used auto financing. For an even better deal, set up automatic payments from your Hingham Institution for Savings deposit account and save an additional 1/2% from the quoted rates! Click here for rates


RESIDENTIAL MORTGAGES
Product	Pts	Rate	APR*


CDs & DEPOSITS
Acct Type	Min		APY*






Annual Percentage Rate *Annual Percentage Yield Rates & Details