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Personal Loans
Home Equity Line Of Credit (HELOC)
Your Belmont Bank & Trust Company HELOC can be used to make home improvements, pay college tuition, consolidate debt, purchase automobiles and/or make other major purchases.
Benefits of our Home Equity Line of Credit:
- No Closing Fees
- In most cases, No Annual Fee (subject to borrower’s credit tier rating, an annual fee may be assessed)
- Competitive Rates
- Flexibility to use your funds for anything at anytime.
- Ability to use the interest-only payment option to have low minimum monthly payments
- Flexibility of reducing the balance of your loan on your terms.
- Interest may be tax deductible (please consult your tax advisor)
Belmont Bank & Trust offers the following competitive HELOC rates starting at:| Amount | APR |
| Under $25,000.00 | Prime + 0.50% |
| $25,000 - $99,999 | Prime |
| $100,000 - $249,999 | Prime – 0.50% |
| Over $250,000 | Prime – 0.75% |
The Prime Rate refers to the domestic prime rate as published in the Wall Street Journal– Money Rate Section.
Additional factors including but not limited to the borrower’s credit score, net worth, debt-to income ratio and loan-to-value percentage may be considered in assigning the borrower’s tier credit rating and/or approving borrower’s interest rate and credit limits.
Credit products are subject to an approved credit application.
ContactFor more information on our Home Equity Line of Credit or to apply, please contact;
David Rubis, 773-413-1959, DRubis@belmontbanktrust.com
Tim Rohde, 773-413-1962, TRohde@belmontbanktrust.com
Home Equity Line of Credit Disclosure
What You Should Know About Home Equity Lines of Credit Published by the Federal Reserve Board
