Rates

Loan Rates

Rates Effective 2/2/2012 to 2/8/2012   

Personal Loans*

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Personal Loans up to and including $10,000.00

Loans from $10,001.00 to $15,000.00

Consolidation Loans*

Consolidation Loans up to and including $10,000.00

* Rates posted for personal and consolidation loans reflect a reduction of .25 % by having the loan payment automatically deducted from a BankFive checking account. Relationship and Checking Plus account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction.

**Annual Percentage Rate

Rates are subject to change without notice

Automobile Loans

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Used* (10% down payment)
2005 - 2010 Models

New* 2011-2012 Models
(5% down payment)

*Rates posted for personal and consolidation loans reflect a reduction of .25 % by having the loan payment automatically deducted from a BankFive checking account. Relationship and Checking Plus account customers qualify for an additional .25% rate reduction for a total of .50% rate reduction.

**Annual Percentage Rate

Home Equity Loans and Lines

Home Equity Loan - SPECIAL RATES!

Home Equity Loan Features

• Fixed interest rate loan
• Fixed monthly payment
• $10,000 minimum loan amount
• Up to 85% Loan-to-Value less first mortgage.

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LTV <75%

LTV 75-85%

Minimum loan amount of $10,000.00.  Monthly payment on loans must be automatically deducted from any BankFive checking account to obtain APRs (annual percentage rate) above. Up to 85% Loan to Value less first mortgage. Offer may be withdrawn at any time. Property insurance required. Flood Insurance requirements may be applicable. Rate may change without notice. Payments do not include insurance and tax escrows.  All BankFive refinances are subject to an additional $10,000.00 cash out.  Loan modifications are not available through this program.
 

Closing fees for Home Equity Lines are limited to review and recording of Trust, Life Estates or deed changes and recording of Homestead and lien discharges. Trust review and recording fees ranging from $150.00 to $375.00 apply for properties held in Trust or Life Estates. An appraisal fee to establish LTV will apply. Equity loans secured by a 1st lien may have to establish an escrow account for the collection and payment of taxes and other premiums. Title search and appraisal fees will apply.
 

For more information on additional terms available, please contact Loan Origination at 800-679-4420.

Home Equity Line of Credit - SPECIAL RATE!

Home Equity Line of Credit Features

• Use funds as you need them up to the credit limit.
• Manage your account 24/7 through Online Banking
• Access your funds by check or transferring to a BankFive Deposit Account
• $10,000 minimum line*** 
• Up to 80% loan to value.

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**Fixed for 24 months and then rate to be set to the Wall Street Journal Prime.   Minimum loan amount of $10,000.  ***All BankFive refinances are subject to an additional $10,000.   Monthly payment on lines must be automatically deducted from any BankFive checking account to obtain APR (Annual Percentage Rate) above. Up to 80% loan to value. Term of 15 years.  Payments of interest only for the first five (5) years; remainder of term payments of accrued interest + 1/2% of principal balance. The annual percentage rate will never be higher than 18% per annum. Property insurance required. Flood Insurance requirements may be applicable. Payment of minimum payment amounts may result in a balloon payment due and payable at maturity. Rate may change without notice. Payments do not include insurance and tax escrows.  Loan modifications are not available through this program.               

Closing fees for Home Equity Lines are limited to review and recording of Trust, Life Estates or deed changes and recording of Homestead and lien discharges. Trust review and recording fees ranging from $150.00 to $375.00 apply for properties held in Trust or Life Estates. An appraisal fee to establish LTV will apply.
*Annual Percentage Rate
Wall Street Journal Prime Rate is currently 3.25% as of December 29, 2011