Need money for debt consolidation?

Consider a Home Equity Loan from Prospect Federal Savings Bank!

Our Consumer Loan Department can offer you a Home Equity Loan, Home Improvement Loan or Home Equity Line of Credit.

As a qualified homeowner, you can borrow economically for whatever you need!

Prospect Federal Savings Bank offers:

Fixed rate/term Equity Loans and flexible
Home Equity Credit Lines for:

  • Home Improvements
  • College Costs
  • Credit Card payoffs
  • Medical expenses
  • Vacations
  • A ready source of cash with check-writing convenience
  • Autos
  • Emergencies

We also offer Auto Loans for both new and used vehicles with
easy to handle terms.

Rates Effective: October 20, 2014
(Rates subject to change without notice at any time)


Fixed Rate Home Equity Loans/Home Improvement Loans

Repayment term ranges from 2 to 10 years.
The current rates are as follows:

Rate

Term/months

Amount

6.250%
6.500%

7.000%

24 to 36
60

120

$5,000 to 75% Loan-to-value
$5,000 to 75% Loan-to-value

$10,000 to 75% Loan-to-value


Home Equity Lines of Credit

The interest rate charged is equal to the Prime Rate plus 1% as published on the last business day of the month in the Wall Street Journal (Midwest Edition).

The maximum rate is 15.000% and the minimum rate is 3.000%.

All lines of credit have a term of seven years.


Auto Loans
The current rates are as follows:
New Vehicles
Year Rate Term/months Max. Loan Amount

2014
2014
2014

6.500%
6.625%
6.875%

24 to 36
48
60

80% of the purchase price
80% of the purchase price
80% of the purchase price

Used Vehicles

2013
2013
2012
2012

2011

7.000%
7.125%
7.375%
7.625%
7.625%

24 to 36
48
24 to 36
48
24 to 36
Average Finance Value
Average Finance Value
Average Finance Value
Average Finance Value
Average Finance Value
 

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