Features
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Line of Credit (3)
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Equity Line of Credit (4)
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Installment Loans
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Single Pay Loans
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Term
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Revolving
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Revolving
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6 to 180 months
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1 to 12 months
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APR - Annual percentage rate - (5)
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As low as Prime + 2%
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As low as Prime
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Interest rates vary
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Interest rates vary
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Closing costs
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None
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Bank pays up to $250 closing cost
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Closing costs vary
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Closing costs vary
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Access directly by check
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Yes
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Yes
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Unavailable
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Unavailable
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Access through checking account
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Yes
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Yes
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Unavailable
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Unavailable
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Minimum monthly payment
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$20 or 2% of balance
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Interest Only
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See (6) below
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See (6) below
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Payment method
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Monthly statement
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Monthly statement
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Monthly by coupon or draft
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Periodic statement
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Can be used for overdraft protection
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Yes
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Yes
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Unavailable
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Unavailable
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Credit life insurance available
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Unavailable
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Unavailable
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Yes
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Yes
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Credit A&H insurance available
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Unavailable
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Unavailable
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Yes
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Unavailable
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Online Banking
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Yes (7)
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Yes (7)
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Yes (7)
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Yes (7)
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(1) Personal Loans are subject to approval. Loan officers are available at all of our branches.
(2) Financial counseling is provided free of charge to anyone with credit problems.
(3) A personal line of credit can be used to cover short-term cash needs.
(4) An equity line of credit is secured by your home and can be used to finance home improvements, a car, boat or other major purchase.
(5) Interest paid on a loan secured by a mortgage on your primary residence may be tax deductible. You should consult with your tax advisor.
(6) Amortization determines the monthly payment for installment loans. Both principal and interest may be payable at maturity for single pay loans.
(7) Online Banking - loan payments may be made through Online Banking. Normal payments and principal payments only.
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