Loans & Lines Of Credit

Loans & Lines Of Credit

Your secret weapon: local lenders and decision makers.

Some banks transfer you to New York and back. Not here. We have local loan experts who are ready to meet you face-to-face and listen. So whether you want to purchase a dream home, a dream vacation or even a dream jet ski, we’re ready to help you find the perfect solution from our wide range of options.

 

Take advantage of the equity in your home.

Your home represents more than a roof over your head. In many ways, it’s the best investment you'll ever make, and one that you can borrow against to fund a home improvement project, pay medical bills or take that dream vacation and perhaps enjoy tax deductibility2 in the process. The Palmetto Bank offers two ways you can use the equity in your home to your advantage:

Home Equity Line of Credit1

Borrow against the equity in your home while taking advantage of flexible terms, easy accessibility to your account and likely tax benefits2 that come in handy every year. It's easy to access your home equity line—just write a check or go online to transfer money. It's also easy to keep up with your loan balance. Receive monthly statements or use online banking. Like any line of credit, you can borrow from it, pay it down, then borrow from it again.

APPLY NOW!

Home Equity Loan1

In addition to a home equity line of credit, The Palmetto Bank offers a Home Equity Loan option, which lets you borrow money against the equity for your home in one lump sum with a fixed interest rate. A Home Equity Loan is a simple interest loan with fixed rates and payments over a set period of time.

APPLY NOW!

Drive away with peace of mind.

Whether it’s a new or previously owned vehicle, we have a variety of financing options to meet the needs and requirements of your budget. The Palmetto Bank offers affordable rates and flexible terms that can fit your individual borrowing needs. And we make decisions FAST. You don’t have a lot of time to waste; that car may not be available tomorrow. That’s why local decision making can speed up the process for you. Plus if you have a MyPalmetto Checking account with us or sign up for automatic payments from your Palmetto Bank checking account, you will enjoy a rate discount of .25%!

APPLY NOW!

Loans that fit your needs. And your timeline.

When you need a loan, you want a person to talk to, competitive rates, favorable terms, fast approval and a name you can trust. No problem. We can help get you what you need when you need it. Our personal loan experts can work with you to find the loan that best fits your needs—whether you have an unexpected emergency or a planned home improvement project. Expect flexible installment loan options, competitive rates, fast approval and smiling faces.

APPLY NOW!

Accidents happen. Protect yourself from overdrafts.

An overdraft line of credit from The Palmetto Bank can help you avoid the fees associated with a check returned due to insufficient funds. Our Overdraft Line of Credit is an unsecured personal line of credit linked to your checking account that may help cover transactions when your checking account available balance drops below zero.

APPLY NOW!

1 Subject to credit approval.
2 Consult your tax advisor.
3 The Palmetto Bank will pay closing costs (including Third Party fees). Third Party fees include, but are not limited to, attorney and appraisal fees and are estimated to range between $300 and $800. Flood insurance determination fee is $7. Property insurance is required. Flood insurance may be required. Annual Percentage Rate (APR) is a variable interest rate of 3.99% and is subject to change. The current APR includes only interest and no other cost. The 3.99% APR is the Wall Street Journal Prime Rate plus 0.74%. Prime Rate is a variable rate based on the Prime Rate published on the first day of each month in the Eastern Edition of The Wall Street Journal. As of March 1, 2015, the Prime rate is 3.25%. The maximum annual percentage rate is 18.00%. The maximum loan-to-value (LTV) for this loan must be 80% or less. Funds may be advanced up to the credit limit for up to 15 years. This offer is exclusive for consumer accounts and does not extend to commercial accounts. This offer is for owner-occupied single family dwellings only and does not extend to rental properties, cooperatives, mobile homes, or residential lots. Subject property must be located in South Carolina, North Carolina or Georgia. This offer is for a 15-year “Interest Only” Home Equity Line of Credit (HELOC). When you reach the end of the HELOC term, your access to any available credit will end. Your account will then mature and you will need to pay your outstanding balance in full. A balloon payment may result if you make interest only payments without making any additional payments toward the borrowed principal. This offer applies to new Home Equity Lines of Credit only. This offer is not available for refinancing of existing Palmetto Bank Home Equity Lines of Credit. This offer is available for Lines of $250,000 or less. Subject to credit approval. Other conditions may apply. Consult a tax advisor regarding deductibility of interest. Limited time offer. Available for all new applications taken from 03/01/2015 until 04/30/2015.