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%.
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%.
Continued usage is conditional on periodic reviews and a balloon payment could result. Consult your tax advisor for tax deductibility. Property insurance will be required on all property used as collateral for this loan product.
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 Easy Line and Interest only products. All loans subject to credit approval.
(1) To get the DNB First Home Equity Line of Credit fixed introductory Promo APR and variable APR shown, you must have or open a DNB First Choice Checking or Choice Checking with Interest account and use automatic payment from your DNB First account. The introductory Promo APR will apply only during the first 6 billing cycles after your DNB First Home Equity Line of Credit line is opened. APRs and other terms accurate as of 5/2/13 and may change thereafter.
Applications must be received by 6/30/2013. Offer applies to new DNB First Home Equity Line of Credit lines only. Offer may be withdrawn at any time. After the expiration of the 6-month introductory rate period, the APR on DNB First Home Equity Line of Credit lines is tied to the Wall Street Journal (WSJ) Prime rate and may change as often as daily.