Personal Loans & 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 the option of 5 installments, you can use your money for just about anything from home renovations to a dream vacation.

With this type of credit Line, you can:

  • Pay interest only during the draw period
  • Lock in your rate for up to 5 installments at a time
  • Access the line of credit for up to 10 years so you can borrow money when you need it

Click here to print the loan application.

Choice Home Equity Line of Credit introductory rate of 1.99% is available for all new lines of credit for a 6-month period of time from the date the line of credit is opened and is subject to change at any time. Refinancing of existing Pennian Bank home equity loans and lines of credit are excluded from the introductory rate. The introductory rate will automatically terminate at the end of the 6 month period. The advertised regular line of credit rate is based on Prime Rates published in the Wall Street Journal on the last business day of the month, minus 0. Other terms and conditions may apply. Your APR may vary. APR based on LTV of 80% or less.  Minimum $5,000 line amount to open. Ask an associate for details. Other restrictions or conditions may apply. This offer may be withdrawn at any time. The first 10 years is the draw period and monthly payments are interest-only on the outstanding balance, followed by a 15 year repayment period. You may lock in all or a portion of your line as a fixed term loan up to five fixed terms at one time. A $50 fee may be assessed to lock and unlock a rate. There may be $250 flat fee for processing. A fee of $200 may be assessed for loans closed within 24 months of origination.


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. You have the option to have your payment automatically transferred from any checking or savings account.

Click here to print the loan application.

Website by MoJo Active, Inc.

Pennian Bank has no control over information at any site hyperlinked to or from this Site. Pennian Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by The Pennian Bank of any information in any hyperlinked site. In no event shall The Pennian Bank be responsible for your use of a hyperlinked site.

Go Back | Continue