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 3.24% to 4.49% APR for terms from 6 to 84 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!