Personal Banking

Advantage Loan Services

Advantage National Bank offers a wide variety of personal loan services. Whether your need is a new or used car, a new room on the house, a long promised vacation or to pay for unexpected medical expenses, we can help.

Advantage Home Equity Credit
For most homeowners, this is the most convenient and the lowest cost way to borrow. It’s convenient because its terms can be arranged to fit your needs for amounts from $5,000 to $100,000 or more. It costs less because the rate probably is lower than for other types of loans, and for most people the interest is tax deductible from federal income taxes (consult your tax advisor about your personal situation). You select which type of Home Equity Credit is best for you.

Home Equity Line of Credit*
This is designed to allow you to simply write a special home equity check for all or any portion of the line you need. Then as you pay down the balance your approved line amount becomes available to use once again.

• Variable interest rate, the higher the committed balance the lower the interest rate
• Write a check against the line as needed
• Available credit up to 80% of the value of your home
• Interest only paid monthly on the unpaid balance
• Ten year maturity
• Prepayment allowed for all or a portion of your unpaid balance
  with no penalty
• Monthly statements
• Reasonable fees for activation

*Subject to our normal credit approval requirements.

Home Equity Fixed Rate Loan*
This is designed for people who want to borrow a fixed amount of money for a single purpose at a specific time, perhaps for the purchase of a car, a home improvement or debt consolidation. The full amount of the loan is issued at the beginning and repaid in equal monthly installments over a specific period of time. Because the interest rate is fixed at the beginning of the loan, you will know the exact amount of your fixed monthly payment.

• Fixed interest rate for the term of the loan
• Up to ten year maturity
• Available credit up to 80% of the value of your home
• Monthly payment of principal and interest
• Prepayment allowed for all or a portion of the unpaid balance with no penalty
• Monthly statements
• Reasonable fees for activation

*Subject to our normal credit approval requirements.

Advantage Personal Credit
Advantage National Bank offers an easy and convenient way to borrow through two types of accounts accessible by simply writing a check.

Personal Line of Credit*
This is the easy way to finance many types of purchases without arranging a personal loan for every instance. A Personal Line of Credit lets you take advantage of whatever opportunity you find, just by writing a check. And, it can be unsecured or secured.

*Subject to our normal credit approval requirements.

Overdraft Protection*
The last thing anyone wants is to have a check returned marked “insufficient funds.” That will not happen when you use your Personal Line of Credit as overdraft protection up to a predetermined amount. Using overdraft protection will save you from paying overdraft fees and give you peace of mind in knowing your account won’t accidentally be overdrawn.

*Subject to our normal credit approval requirements.

Advantage Home Mortgages
Please go to the button on our home page marked ONLINE MORTGAGE.