Product Information Preview
This section contains detailed information about the Eastern Bank Consumer Loan Products
that you will be able to offer your clients.
Product Information Overview
Installment or Closed-End Products:
Installment loans are traditional closed-end products that have a specific number
of payments with a set payment amount. Once the loan has originated, the client must
reapply if additional credit is needed. Many customers find comfort in knowing that the
loan they have with Eastern Bank has a definite maturity date with a payment that
will not change.
The installment, or closed-end, products that you can offer your clients are:
- New and Used Automobile Loans
- Home Improvement Loans (HIL)
- Unsecured Personal Installment Loans (PIL)
- New and Used Boat Loans and Recreational Vehicles
The material in this section will introduce you to the specifics of each of these
products. This information is critical to your selling efforts.
As you review each product, be sure to pay specific attention to the following features:
- Loan Amounts
- Terms
- Collateral
Each page has a chart which identifies the key features and benefits of a different product.