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Loan Rates

 

We present the following products with no application fees.


Home Equity Line (Standard)

We offer Home Equity Loans and Lines of Credit on one to four family owner occupied properties in NJ and PA. The home must be the owner's primary residence. 
Home Equity Loan Term Interest Rate APR FLOOR CEILING
5 Year Draw Period Prime current variable*
3.25%
3.99% 3.99% 16.00%
5 Year Draw Period Prime + .50% current variable**
3.75%
3.99% 3.99% 16.00%
 
* With Automatic Payment from The Bank of Princeton Checking Account.
** Without Automatic Payment from The Bank of Princeton Checking Account. Annual Percentage Rate shown includes a 1/2% rate increase.
Rates may increase after consummation.
Hazard Insurance is required on all Equity Loans or Equity Lines of Credit.
Minimum line amount $10,000; First 5 years interest only; 15 year repayment - principal and interest; title insurance required over $500,000; Maximum CLTV of 80%.
Early termination fee if paid off or refinanced within 24 months of settlement; $200 for loan amounts $20,000 and less; $400 for loans greater that $20,000.
 
 

Home Equity Loan

We offer Home Equity Loans and Lines of Credit on one to four family owner occupied properties in NJ and PA. The home must be the owner's primary residence. Loans can be secured by first or subordinate liens on dwellings.

Home Equity Loan Term Interest Rate APR
5 Years 4.25% 4.25%
10 Years 4.50% 4.50%
15 Years 4.875% 4.875%
20 Years 5.50% 5.50%

 

Hazard Insurance is required on all Equity Loans or Equity Lines of Credit.

Minimum loan amount $10,000; title insurance required over $500,000; Maximum CLTV of 80%.

Does not include taxes and insurance, if applicable, actual payment obligation may be greater.

Overdraft Protection

Minimum Maximum Interest Rate APR
$250 $20,000 14.00%  14.00%

Personal Loan

Secure Minimum LTV Interest Rate*
CD/Savings Account $1,000
Unsecured  Minimum/Maximum
N/A $500 / $20,000
* Contact Loan Center for terms, rates, and LTV.

Auto Loan

Auto Minimum LTV 36 Months
Down Pmnt/
Rate
48 Months
Down Pmnt/
Rate
60 Months
Down Pmnt/
Rate
New*
(non-titled)
2019-2020
80% of dealer invoice
or purchase price.
20% /
5.75% APR
20% /
6.00% APR
20% /
6.50% APR
Used**
2017-2018
80% of value per accredited
used car guide book.
20% /
6.50% APR
30% /
6.25% APR
20% /
6.75% APR
30% /
6.50% APR
N/A
Rates Effective as of 03/17/2020
 
* 36 monthly payments of $30 per $1,000 borrowed
48 monthly payments of $23 per $1,000 borrowed
60 monthly payments of $20 per $1,000 borrowed
** 36 monthly payments of $31 per $1,000 borrowed
48 monthly payments of $24 per $1,000 borrowed
*** Terms, Rates and Fees are subject to change without notice. Interest Rates subject to credit approval. APR = Annual Percentage Rates. Contact The Bank of Princeton for details. Call your local Customer Service Representative or 609.921.1700