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Loans

This section contains information on Home Equity Loans/Lines, Auto Loans, Personal Loans and Overdraft Protection

Home Equity Loans offered:

• A loan amount based on a set percentage of your homes appraised value, less the balance of your first mortgage, and any other mortgages and/or liens. Call for more details.
• Higher LTV's available based on credit score.
• Interest rates that are lower than most other types of loans.

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:

• Outstanding versatility and flexibility.
• An effective means of addressing the unexpected as well as planned expenses.
• Credit lines from $5,000 up to $500,000.
• Highly competitive interest rates and you only pay interest on the money you borrow.
• A monthly statement detailing all transactions and indicating the amount of credit remaining
• Credit line term of 10 years.

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.

Personal Loans
Our signature loan for a variety of personal needs.

Automobile Loans
1st Constitution Bank offers financing up to 100% of the cost of a new vehicle less tax and tags, and up 100% of the NADA loan value on a used vehicle (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.

Overdraft Protection Loans
Avoid costly overdraft charges with a 1st Constitution Bank cash reserve account. Have up to $5000 credit on hand if you need it. Interest rate of 18% (APR) Annual Percentage Rate only applies when funds are in use. It would cost $15.02 per $1,000 borrowed based on 36 months.