Loan Rates

Loan Rates as of ,

Rates subject to change.

HOME EQUITY LINES OF CREDIT
(Commitment Amounts)
Term Rate

Payment Method

$10,000 - $49,999
60 months
Prime + 0.50%
Interest Only
$50,000 - $200,000
60 months
Prime + 0.25%
Interest Only












FIXED RATE HOME EQUITY LOANS
(Amounts)
Max Term Annual Percentage Rate (APR) Payment per $10,000
(based on max term)
$10,000 - $200,000
36 Months
4.875%
$299.15
$10,000 - $200,000
60 Months
5.000%
$188.71
$10,000 - $200,000
120 Months
5.250%
$107.29
$10,000 - $200,000
180 Months
5.375%
$ 81.05












AUTO LOANS

Year of Vehicle
Max Term
Annual Percentage Rate (APR) Payment per $10,000 (based on APR & max term)
2018
63 months
4.95%
$180.57
2017
63 months
4.95%
$180.57
2016
63 months
5.05%
$181.03 
2015
60 months
5.25%
$189.86
2014
54 months
5.45%
$232.34
2013
48 months
5.45%
$209.24
2012
42 months
6.35% 
$266.16
2011
36 months
6.35%
$305.81




OTHER LOAN TYPES Max Term Annual Percentage Rate (APR) Payment per $1,000
(based on max term & APR)
Unsecured Loan ($2,000 minimum)
24 Months
12.75%
$47.42
CD Loan ($2,000 minimum)
60 Months
CD Rate + 2.25%
$17.95 based on 60 months at 2.95%
Stock Loan ($2,000 minimum)
36 Months
Prime + 1.25%
$29.97 based on 36 months at 5.00%
Chek-Credit
n/a
20.40%

Advantage Credit Line
n/a
Prime + 3.90%





















 

HOME EQUITY DISCLOSURES

  • Available on owner-occupied residences
  • Variable rates based on the Prime Rate, plus the margin, as published in the Wall Street Journal, subject to the Minimum and Maximum APR. The current Prime rate is 5.25%. Minimum APR is 2.50% and the Maximum APR is 18%.
  • No application fee. Additional title and or appraisal charges may apply under certain circumstances.
  • $50 annual fee applies to line of credit. This fee is waived first year.
  • Early termination fee of $300 applies if line of credit closed within 3 years of opening.
  • Approval depends on the appraised home value, applicant's income, total indebtedness, and credit history. Consult your tax advisor regarding interest deductibility. Property insurance required.
  • Maximum LTV = 80% for lines and loans up to $49,999 and 75% up to $200,000. LTV Calculation: (Appraised value of home x Max LTV) - (Current outstanding balance of 1st mortgage) = Maximum line amount or fixed rate amount. Lines over $100,000, Max LTV of the existing first mortgage cannot exceed 50%. Maximum LTVs could be lower under certain circumstances involving condominiums as collateral or for some debt consolidation scenarios. Talk to a Loan Officer if you have concerns.


AUTO LOAN DISCLOSURES

  • Used Car Mileage Limitation = 60,000
  • Bank policy is that we do not refinance any existing GSB auto loan
  • Down payments of 10% to 15% generally required

OTHER LOAN DISCLOSURES

  • Unsecured loans not available for debt consolidation. Loans for purpose of tax payments or vacations are limited to 12-month terms
  • Term of CD loan should match term of CD; no beneficiaries on CD
  • Unsecured Loans offered to customers with a current GSB core checking account

Rates last changed 10/15/18

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