|
Benefits
|
This is an unsecured revolving line of credit, as principal is repaid, it becomes available for re-borrowing. The minimum credit line amount is $50,000.Credit approval is required.
|
|
Access to funds
|
Special check access or transfer funds into your Montecito Bank & Trust checking account through online banking, telephone transfer or by visiting a branch.
|
|
Maturity
|
7 years
|
|
Payments
|
Monthly payments of accrued interest plus 2% of the outstanding principal balance. Make additional principal payments at any time. All principal and outstanding interest is due upon maturity.
|
|
Annual Percentage Rate
|
Variable rate based on Wall Street Journal Prime
|
|
Fees
|
Fees Apply
|