Bank · FDIC insured
Eastern Bank Auto Loan Rates
Eastern Bank auto loans start at 7.99% APR for a new vehicle and 8.49% for a used one. Rates checked October 5, 2026.
How Eastern Bank’s auto loan rates compare
Compared with banks and credit unions near Boston, MA-NH, where Eastern Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Eastern Bank
7.99%APR
- Terms
- 12–60 months
New Car Loan
Lowest rate
Chelsea Employees Federal Credit Union
3.99%APR
- Terms
- up to 72 months
2nd-lowest rate
Hanscom Federal Credit Union
3.99%APR
- Terms
- up to 66 months
Eastern Bank auto loan score
60
Auto loan score
Higher than 1% of U.S. banks and credit unions
- New vehicleNew7.99%
- Used vehicleUsed8.49%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Eastern Bank ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
New Car Loan
Qualified customers may finance up to 90% of the vehicle value. Proof of income required for loan requests greater than $25,000. Sales Agreement required at application. RMV-1 form needed for Massachusetts purchases.
| Terms | APR | Conditions |
|---|---|---|
| 12–60 months | 7.99% | Eastern Bank Premier Checking account, Private Bank Checking account and Select Checking account holders receive a 0.50% discount with auto-pay from their Eastern Bank checking account. Other Eastern Bank customers receive a 0.25% discount with auto-pay from their Eastern Bank checking account. The minimum term is 12 months. |
Sources (1)
- easternbank.com/personal-banki…nal-borrowing/auto-loans · captured Oct 5, 2026
Used Car: 0 to 4 Years Old
Maximum mileage: 80,000 miles. Qualified customers may finance up to 90% of the vehicle value. Proof of income required for loan requests greater than $25,000. Sales Agreement required at application. RMV-1 form needed for Massachusetts purchases.
| Terms | APR | Conditions |
|---|---|---|
| 12–60 months | 8.49% | Eastern Bank Premier Checking account, Private Bank Checking account and Select Checking account holders receive a 0.50% discount with auto-pay from their Eastern Bank checking account. Other Eastern Bank customers receive a 0.25% discount with auto-pay from their Eastern Bank checking account. The minimum term is 12 months. |
Sources (1)
- easternbank.com/personal-banki…nal-borrowing/auto-loans · captured Oct 5, 2026
Used Car: 5 to 6 Years Old
Maximum mileage: 80,000 miles. Qualified customers may finance up to 90% of the vehicle value. Proof of income required for loan requests greater than $25,000. Sales Agreement required at application. RMV-1 form needed for Massachusetts purchases.
| Terms | APR | Conditions |
|---|---|---|
| 12–36 months | 9.49% | Eastern Bank Premier Checking account, Private Bank Checking account and Select Checking account holders receive a 0.50% discount with auto-pay from their Eastern Bank checking account. Other Eastern Bank customers receive a 0.25% discount with auto-pay from their Eastern Bank checking account. The minimum term is 12 months. |
Sources (1)
- easternbank.com/personal-banki…nal-borrowing/auto-loans · captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.