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-------------------------------------------------------------------------------- Personal Loans
Home Equity Loans provide a lump-sum loan amount that is available at the loan's initiation and is repaid in monthly installments over the life of the loan. Home Equity Loans offered:
Home Equity Lines of Credit A Home Equity Line of Credit is the most flexible way to utilize your home's equity. It allows you to tap into your equity, as you need it. Think of it as the ultimate credit card. You can spend by borrowing against it whenever you choose. Credit Lines offer:
The current Annual Percentage Rate (APR) is 5.00% and would cost $8.28 per $1,000 borrowed per month, the maximum APR is 18%. This is a variable rate plan and the rate can increase after consummation. The following fees apply: $93.00 recording fee, $34.00 post closing search fee and $63.00 for Assignment of Rents and Leases. -------------------------------------------------------------------------------- As Completed Construction Loan Thinking of building an extension on your home, but you are currently falling short of sufficient equity? Call or e-mail us about an "as Completed Construction Loan" and let us help you get started.
Our signature loan for a variety of personal needs. -------------------------------------------------------------------------------- 1st Constitution Bank offers financing up to 100% of the cost of a new vehicle and up to 100% of the NADA loan value of used vehicles (2006 models or later). A "new vehicle" may include 2011 or newer models. Make sure you get the best deal! If a dealer offers you a choice between a low interest rate or a rebate, contact us first! The current Annual Percentage Rate (APR) is 6.25% with auto charge from a 1st Constitution Bank account and would cost $19.45 per $1,000.00 borrowed for a 60 month loan. We may be able to save you money.
-------------------------------------------------------------------------------- Avoid costly overdraft charges with a 1st Constitution Bank cash reserve account. Annual Percentage Rate (APR) of 18% only applies when funds are in use. It would cost $15.02 per $1000 borrowed based on 36 months.
Do you have cash available or other investments? Borrow against your existing resources and save money on your interest rate. Click here to view 1st Constitution's competitive rates. Email or call:
Business Loans
Asset Based Financing With Business Manager you can:
For more information about our asset based loans and accounts receivable purchasing program:
Email or call Irv Wischik: 609-655-4500
1st Constitution Bank's Credit Lines provide your business with available funds for a specific time period. The revolving nature of these products allow you to re-use your credit line as you pay it back.
Are you looking to expand your business, purchase equipment or acquire another business? Do you simply need long-term working capital? Our Term Loans, with repayment schedules over a long period of time may be right for you.
1st Constitution Bank offers term loans specifically designed to refinance your mortgage or acquire new real estate. Are you looking to expand your facility, or build a new one? Ask us about our Construction Loans.
Your Source For Small Business Needs What is a Small Business? Generally the U.S. Small Business Administration considers a business small if it is operated and organized to make a profit and not dominant in its field. It must also meet certain established sized standards. Why 1st Constitution Bank? 1st Constitution Bank is a Commercial Bank specializing in serving the small business community. Our SBA loan program can benefit qualified businesses through New Jersey, New York, and Pennsylvania. How Much Is Available? You can borrow from $100,000 to $1,000,000 if you and your business qualify. How To Apply? E-mail or call Steve Seong 609-655-4500
Economic Development Authority Loans Are you looking to expand your business? Will you be creating employment
opportunities? First Constitution can arrange a New Jersey Economic
Development Authority Loan for qualified applicants. Email
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
1st Constitution Bank is participating in the FDIC's Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. The temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing checking account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking account or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyer Trust Accounts (IOLTA’s).
Funds that are automatically transferred, or “swept” from a noninterest-bearing transaction account to another account that does not qualify as a noninterest-bearing account will no longer be fully covered under the Transaction Account Guarantee Program (TAGP).
Equal Opportunity Housing Lender
Equal Housing Lenders. 1st Constitution Bank is a member FDIC. © 2000 1st Constitution Bancorp. All Rights Reserved.
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IMPORTANT INFORMATION ABOUT PROCEDURES
FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.