The Annual Percentage Rate (APR) is tied to the Wall Street Journal (WSJ) Prime rate and may change as often as daily. The maximum APR that may be charged is 18.00%. Other factors, including credit history may affect the assigned rate. A minimum advance requirement of $100.00 applies. A minimum principal payment of .556% of the outstanding principal balance, or $100.00, whichever is greater, shall be due monthly in addition to billed interest for the Easy Line product.
The floor rate is 3.75%. There is no application fee.
Continued usage is conditional on periodic reviews and a balloon payment could result. Consult your tax advisor for tax deductibility.
APR Auto - Annual Percentage Rate for loans with an automatic payment from a DNB First account. WSJ Prime Rate + .75%
Choice APR - Annual Percentage Rate for loans with a Choice Checking or Choice Checking with Interest account and an automatic payment from a DNB First account. WSJ Prime Rate + .50%
Early Termination Fee of $350 if line is closed within 24 months. A one time conversion of a portion or all of the outstanding balance to a fixed rate term is available on both products. All loans subject to credit approval.