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Consumer
Loans
Come See Us About Our Loans
The Milford Bank has a variety of loan programs with competitive rates and quality hometown customer service everyday. Many types of consumer loans can be completed in less than 30 minutes because paperwork is greatly simplified. Our consumer loan programs are available in Connecticut for New Haven and Fairfield County residents.
Eileen Cavanaugh
Vice President
- Hometown Advantage
- Auto Loans
- Collateral Loans
- Personal Loans
- Home Improvement Loans
- Home Equity Loans and Lines of Credit
- Check our Rates
The Milford Bank is your hometown advantage. We offer a wide range of consumer loan products - at competitive rates. Then we offer you the hometown advantage: local decision makers dedicated to making your life easier and to serving your best interest.
Here are four reasons to get your consumer loan from The Milford Bank:
Responsive: Local decision making effectively cuts red tape and speeds approval. You deal directly with decision makers. We can offer creative options, fast prequalification and quick answers.
Reasonable: We're committed to consistently providing the best rates, terms and products available anywhere.
Responsible: Finance with confidence. We offer prompt professional service at your home or office with extended hours on both weekdays and weekends.
Reliable: We're there for you every step of the way.
The Milford Bank has been serving its neighbors since 1872.
Auto Loans
All Milford Bank loans for new and used vehicle purchases are at a fixed rate. These secured loans are often at a lower rate than those offered by dealers. We invite you to compare. Read the fine print on the dealer's "limited time offer" low interest rate and it likely goes up a few months down the road, as do your payments.
Here is the most cost effective, easiest and quickest way to borrow if you already have a savings account or certificate of deposit with The Milford Bank. As a depositor, you can borrow at a rate of interest that is only 2% above your existing deposit rate. You may elect to pay interest only on your loan quarterly and hold off indefinitely on repayment of the loan balance. You may otherwise elect to make regular monthly principal and interest payments. Stock collateral loans are also available and secured by publicly traded stock certificates for up to 60% of current market value.
A personal loan is as individual as you are and is available for nearly any purpose. Pay for your child's wedding, buy new furniture, go on a cruise - the possibilities are endless.
Improving your home is like investing in yourself. So if you're planning to spruce up your home, add a bathroom, remodel the kitchen, build an addition or other substantial improvement, remember you can bank on us to help make your dreams come true. The Milford Bank has money to lend at rates that compete with the mega-banks. We offer a flexible variety of home improvement and home equity loan options, all with hometown service. You deal directly with the decision makers who can approve your loan, instead of waiting on some remote and faceless review committee. And when you bank with us your money goes to work improving things here, not in New York or Boston. Click Here for more information about our Home Improvement Loans.
- No Application Fees
- No Appraisal Fees
- No Points
- No Closing Costs
- Property insurance is required
Home Equity Loans and Lines of Credit
Borrow against the value of your home today for any worthwhile purpose. You can print out an application and all the necessary disclosures right from our web site. Then simply review the disclosures, fill in the forms, and mail or fax to our Loan Department for prompt processing. Click Here for more information about our Home Equity Loans and Home Equity Credit Lines.
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33 Broad
St., Milford
259 Merwin Ave., Woodmont
205 Bridgeport Ave., Devon
1455 Boston Post Road, Milford
2366 Main Street, Stratford
142 Temple Street, Suite 306 New Haven, CT 06510 (Loan Production Office)
203-783-5700
CT toll free: 800-340-4TMB
Copyright © 2002-2003 The Milford Bank. All rights reserved.
