Personal loans are some of the most convenient ways to finance a number of expenses that you face from time to time. You never know when you will need some extra cash to cover an unexpected expense. Charles River Bank can help you obtain a variety of personal lending solutions that will allow you to fulfill your financial goals. The bank offers a full range of personal loans at competitive interest rates and affordable terms to borrowers with good to excellent credit scores.
Personal Loans and Credits
Based on your needs, you can get a number of personal loan options to choose from. Whether you need fast cash to pay down mounting bills, complete a home renovation project, or plan a family vacation, Charles River Bank can offer you the right loan term that will suit your monthly budget. The following lending options are offered by the bank to eligible borrowers at affordable rates.
Home Equity Loan
If you need a lump sum amount for a big expense or a life event, you could use your home’s equity to get a home equity loan from Charles River Bank. You could use the loan amount to fund college education, wedding, buy a new car, or consolidate multiple credit card debts. The bank provides competitive interest rates and flexible payment plans that will not drain your savings. The loan will be provided upfront and you will be offered with local in-house services.
Home Equity Line of Credit
Home equity line of credit offered by Charles River Bank allows you to convert your home’s equity into cash that you can use to finance your next big expense. This credit line offers you the flexibility to access funds when you need it. Offer your home’s equity as collateral against this line of credit and use the funds to consolidate debts, make home repair, or make a major purchase. You will enjoy quick and easy access to funds and you pay interest only on the amount that you use. The bank allows you to reuse the credit line without having to reapply for it.
Passbook Collateral Loan
This is a loan that you can obtain by using your existing account balance as collateral. The bank still allows you to earn interest on your existing balance and you can borrow up to 95% of the balance in your account. This account is quick and easy to set up and you will make monthly interest-only payments.You can use the loan for short-term cash needs or for any other major expense.
Residential Real Estate Loan
Charles River Bank can help you if you are thinking to build your own home or purchase an existing home. The bank provides competitive rates and affordable repayment terms on home loans and real estate loans. With in-house processing offered by the bank, you will not have to wait for weeks to get a decision on your financing option.
The bank also offers auto loan and various other business loans and financing options that come with a number of benefits like attractive rates and flexible terms. You can contact a loan specialist of the bank or visit a local bank branch to get further detail on the borrowing solution you are looking to obtain.