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Personal Loans and Home Equity Line of Credit

Choice Home Equity Line of Credit

If you’re a homeowner and looking for a convenient, flexible way to borrow, our Choice Home Equity Line of Credit is for you. With this type of credit Line, you can borrow money based on a percentage of the value of your home. 

Imagine what you could do with your home's equity! Whether it's for home improvements or a dream vacation, Pennian Bank can help you finance it.

  • Pay interest only during the draw period
  • Lock in your rate for up to five installments at a time.
  • Access the line of credit for up to 10 years, so you can borrow money when you need it
  • Submit an application online!

Call or visit your local branch for more information! 

*Choice Line of Credit introductory rate of 1.99% is available for all new Choice Lines of Credit for a 6 month period of time from the date the line of credit is consummated. The introductory rate will automatically terminate at the end of the 6 month period. The advertised variable Choice Line of Credit rate is based on the Prime Rate as published in the Wall Street Journal, on the last business day of the month, plus 0%. The line of credit permits borrowing up to 80% of the available equity in a primary residence (excludes rental properties); other terms and conditions may apply. Your APR may vary. APR is based on a Loan to Value (LTV) of 80% or less. The Choice Home Equity Line of Credit is subject to a minimum amount of $5,000. Ask an associate for details. Other restrictions and conditions may apply. This offer may be withdrawn at any time. The first 120 months is the draw period and is subject to monthly payments of interest only calculated on the outstanding balance, followed by a 180 month installment repayment period. You may lock in all or a portion of your outstanding balance as a fixed term loan, with a limit of up to 5 fixed rate term loans at any one time. The total of all Choice Line of Credit and fixed term loans issued by the Choice Line of Credit shall not exceed the maximum available credit. a $50 fee will be assessed to lock and unlock a fixed rate term loan. The Choice Line of Credit is subject to a $250  processing fee. For loans $250,000, title insurance and additional fees may apply.

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Personal Installment Loans

Pennian Bank has a variety of terms and interest rates to fit your budget. Our personal installment loans are based on a defined repayment schedule of equal monthly payments.

We now offer personal term loans and lines of credit you can apply for online, get a response in minutes and receive funding within 3 business days!

Apply Online, Response in Minutes

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