Lock in on Your Opportunity
Through your equity line of credit at TowneBank, you may have funds available for a Towne LineLock. A LineLock uses the remaining equity on your existing line of credit to fund fixed payment, shorter-term, new credit advances attached to your line.
Lock in Your Best Rate
- Refinance automobile, tuition or other personal loans at a lower monthly payment
- Current fixed rates range from 4.75% to 5.75% APR for terms from 6 to 120 months
All rates, terms and conditions are subject to change without notice. Please contact a TowneBank office for the APR currently in effect.
- Interest may be tax deductible. Consult your tax advisor.
Lock up Only What You Need
- Open up to five LineLocks at any time under your line of credit, each with a minimum advance of $2,500
- Free up additional funds as you pay down your line balance
- Pay off any LineLock with no prepayment penalty
- A $100 conversion fee accompanies each lock and can be financed from the line
Contact your hometown banker to lock in your opportunity!
TowneBank NMLS# 512138