Personal loans in Swampscott, MA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Swampscott, MA.
The median household in Swampscott earns $134,386 a year, 29% above the Massachusetts median of $103,960. About 7% of residents live below the federal poverty line, and 24.1% of households rent their home.
Massachusetts law that applies in Swampscott
| Rate cap | Licensed small loan companies may charge no more than 23% a year on the unpaid balance (actuarial method), plus a $20 administrative fee when the loan is made. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Loans of $6,000 or less (measured by the amount the borrower actually keeps after deductions). |
Full rules with statute citations: Personal Loans in Massachusetts. Cities in Massachusetts cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Swampscott
Lenders that serve Swampscott typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Swampscott
What Swampscott borrowers use it for
pay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Emergencieshandle the unexpected the same week
Loans for your situation
How to get a personal loan in Swampscott
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Swampscott
5 FDIC-insured bank branches from 5 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Santander Bank, N.A. | 1 | 495 Paraside Road, Swampscott 01907 |
| Citizens Bank, National Association | 1 | 500 Paradise Rd, Swampscott 01907 |
| Eastern Bank | 1 | 405 Paradise Rd, Swampscott 01907 |
| Salem Five Cents Savings Bank | 1 | 450 Paradise Rd, Swampscott 01907 |
| JPMorgan Chase Bank, National Association | 1 | 970 Paradise Rd, Swampscott 01907 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Essex County
59 credit-union locations from 26 credit unions.
| Credit union | Location |
|---|---|
| First Technology | 209 N Main St, Andover 01810 |
| Metro | 475 Western Ave, Lynn 01904 |
| Brightbridge | 1 General St, Lawrence 01841 |
| Jeanne D'Arc | 380 Merrimack St Ste 1A, Methuen 01844 |
| Hanscom | 50 Dodge St, Beverly 01915 |
| Webster First | 509 Main St, Saugus 01906 |
| Align | 110 Newbury St, Danvers 01923 |
| St. Jean'S | 155 State St, Newburyport 01950 |
| Luso-American | 37 Tremont St, Peabody 01960 |
| Nesc | 248 Pleasant St, Methuen 01844 |
| Energy | 12 Chestnut St, Peabody 01960 |
| River Works | 947 Western Ave, Lynn 01905 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Essex County ·
Frequently asked questions
Can I get a personal loan with bad credit in Swampscott?
Possibly. Lenders in our network consider applicants with fair and bad credit across Massachusetts, including Swampscott. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Swampscott, MA?
23% APR plus $20 fee on loans up to $6,000; 20% usury above.
How fast can I get a personal loan in Swampscott?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Swampscott borrowers who qualify.
How can I get an emergency loan in Swampscott?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Can I get a personal loan in Swampscott with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Swampscott residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
How do I apply for a personal loan with bad credit in Swampscott?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Do I need to visit a store in Swampscott?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.