Home Equity Loans

Term (Months)Minimum LoanAnnual
Percentage Rates
Monthly Payment
per $1000 Borrowed
L-T-V Ratio
0-60 $10,000.00 3.50%(*Premium APR) $18.19
0-60 $10,000.00 3.990% $18.41 80 Percent
61-120 $10,000.00 3.99%(*Premium APR) $10.12 Loan To
61-120 $10,000.00 4.240% $10.24 Value
121-180 $10,000.00 4.290%(*Premium APR) $7.54

*Based on a minimum credit score of 740 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of February 12th, 2014, and are subject to change without notice. Stated APRs are for qualified borrowers only and require payment via automatic deduction from your Wayne Bank checking account and $10,000 minimum new money.

Final rate and APR will be determined based on review of credit application.

APRs for 60-month loans range from 3.50% as disclosed above to 4.990% with a monthly payment of $18.87 per $1,000 borrowed.

APRs for 120-month loans range from 3.99% as disclosed above to 5.240% with a monthly payment of $10.73 per $1,000 borrowed.

APRs for 180-month loans range from 4.29% as disclosed above to 5.74% with a monthly payment of $8.30 per $1,000 borrowed.

Other rates and terms are available. Home Equity Lines-of-Credit are also available. Please contact any community office for additional information including fees.

Payments per thousand above do not include escrow for taxes and insurance that may be required.