Personal Loans
From personal to business, Bay Bank offers a variety of loan products and flexible terms to meet all of your borrowing needs. Speak with a bank representative for additional information and individual loan requirements.
PERSONAL SECURED & UNSECURED LOANS
SECURED
- Borrow up to 95% of the Value of Your CD or Savings Account
- $2,500 Minimum Loan Amount
- Fixed Payments
- Interest Rate is 2.00% Over the Rate on CD or Savings Account
UNSECURED
- Requires No Collateral
- $7,500 Maximum Loan Amount
- $3,000 Minimum Loan Amount
- Flexible Repayment Terms Available
- Affordable Monthly Payments at a Fixed Interest Rate
- 1/4% Rate Reduction with Automatic Payment from a Bay Bank Checking Account
HOME EQUITY LINE OF CREDIT
- Borrow up to 80% of the Home's Combined Loan-to-Value (LTV)
- $25,000 Minimum Line Amount
- $200,000 Maximum Line Amount
- Variable Interest Rate Tied to Wall Street Journal Prime Rate
- Write a Check to Yourself When Funds are Needed
- Possible Tax Advantages*
*Consult your tax advisor.
AUTOMOBILE
(Cars, Vans, Mini-Vans, Pick Up Trucks, SUVs)
- New & Used Vehicles
- 20% Down Payment
- Easy Application & Approval Process
- Pre-approval Available
- Fixed & Variable Rates
- Flexible Payment Terms
- 1/4% Rate Reduction with Automatic Payment from a Bay Bank Checking Account
PERSONAL LINES OF CREDIT & OVERDRAFT PROTECTION
CLASSIC LINE OF CREDIT
- Unsecured, Revolving Line of Credit
- Variable Interest Rate Based Upon Wall Street Journal Prime Rate
- Open-Ended Term
- No Fees
- $10,000 Maximum Line Amount
- Requires a Bay Bank Checking Account with ACH Debit for Payments
OVERDRAFT PROTECTION LINE OF CREDIT
- Prevents Overdrafts from Personal Checking Account
- $30 Annual Fee
- Open-Ended Term
- $500 Minimum Line & $5,000 Maximum Line
- Allows Access to Funds up to the Approved Credit Amount