Home Equity Line of Credit¹
| Type |
APR |
| Interest Only |
8.00%* |
| Principal & Interest |
8.00%* |
Home Equity Term Loan²
| Term |
APR |
| 1 to 5 Years |
7.04% |
| 6 to 10 Years |
7.64% |
| 11 to 15 Years |
8.04% |
Automobile Loans³
| Type and Year |
Term |
APR |
| Current & Previous Model Year |
36 Months |
5.24% |
| Current & Previous Model Year |
37 to 60 Months |
5.74% |
| 2 & 3 Model Years Old |
Up to 60 Months |
6.49% |
| 4 & 5 Model Years Old |
48 Months |
6.74% |
Unsecured Personal Loan ³
| Term |
APR |
| 36 Months |
13.50% |
Boats, RVs, and Motorcycles³
| Year |
Term |
APR |
| Current & Previous Model Year |
60 Months |
8.50% |
| 3 -5 Model Years Old |
48 Months |
8.50% |
¹Home Equity Line of Credit - Terms and Conditions: Annual Percentage Rate (APR) on Home Equity Lines of $10,000 and up to $500,000 for secondary lien position Home Equity Lines of Credit or up to $1,000,000 for primary lien position Home Equity Lines of Credit. * The rate is subject to change daily and is equal to the Wall Street Journal Prime Rate plus 0.25%. The minimum APR will not go below 4.00%, and the maximum APR will not exceed 18.00%. Available for principal or secondary residences only located in the Bank’s market area. Rates apply to loan–to-value ratios up to 70% for secondary lien position Home Equity Lines of Credit or up to 75% loan-to-value for primary lien position Home Equity Lines of Credit. Property insurance is required. Title insurance and/or appraisal may be required. Other products and terms may exist for applications which do not meet the above conditions. Closing costs paid by Lender up to a maximum of $1,000.00 on standard lines up to $200,000.00. If you close your account within 36 months there will be an early cancellation fee equal to the lesser of $1,000.00 or the amount shown as “Total Fees Paid by Virginia Partners Bank” on the Disbursement Register document included in your closing package. Offer subject to credit approval. Interest paid on home equity account may be tax deductible. Consult your tax advisor regarding tax advantages. See payment examples below.
²Home Equity Term Loan - Terms and Conditions: Annual Percentage Rate (APR). These loans are fixed rate, closed end loans. Available for principal or secondary residences only located in the Bank’s market area. Rates apply to loan–to-value ratios up to 70% for secondary lien position Home Equity Term Loans or up to 75% loan-to-value for primary lien position Home Equity Term Loans. Property insurance is required. Title insurance and/or appraisal may be required. Other products and terms may exist for applications which do not meet the above conditions. Offers subject to credit approval. Interest paid on home equity account may be tax deductible. Consult your tax advisor regarding tax advantages. See payment examples below.
³Automobile Loans, Unsecured Personal Loans and Loans for Boats, RVs and Motorcycles – Annual Percentage Rate (APR) These loans are fixed rate, closed end loans. The quoted rate above assumes the Minimum Monthly Payment will be made by automatic debit from a Virginia Partners Bank deposit account. Without an automatic debit 0.50% will be added to the rate. Subject to credit approval. See payment examples below. Other terms and conditions may apply. All loans are subject to approval. Rates current as of 02/02/2023 and are subject to change.
Payment Examples
| Loan Type (and year) |
Term |
Example Amount |
APR |
Monthly Payment |
| ²Home Equity Term |
5 years |
$25,000 |
5.54% |
$477.99 |
| ²Home Equity Term |
10 years |
$25,000 |
6.14% |
$279.31 |
| ²Home Equity Term |
15 years |
$25,000 |
6.54% |
$218.33 |
| ³Auto - Current & Previous Model Year |
36 Months |
$20,000 |
4.24% |
$597.09 |
| ³Auto - Current & Previous Model Year |
60 months |
$20,000 |
4.24% |
$597.09 |
| Auto – 2 & 3 Model Years Old |
60 months |
$15,000 |
4.99% |
$283.00 |
| ³Auto - 4 & 5 Model Years Old |
48 months |
$10,000 |
5.24% |
$231.38 |
| ³Unsecured |
36 months |
$ 5,000 |
11.50% |
$164.88 |
³Boat, RV, Cycle (Current or previous year model) |
60 months |
$20,000 |
6.50% |
$391.32 |
| ³Boat, RV, Cycle (3-5 year model) |
48 months |
$10,000 |
6.50% |
$237.15 |
Additional loans and terms available. Visit any branch or call us at 540-899-2265 for more information.
