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Bank of Canton is pleased to extend a wide variety of secured and unsecured home and consumer loans to qualified candidates. We offer quick decisions and fast turnaround on all our loans.
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Home Equity Credit
A Bank of Canton Home Equity Line or Loan offers you low rates, with tax deductible interest* for money you may use any way you choose. You can use the money for things like home improvement projects, tuition, a wedding, to consolidate debt or purchase a car. Whatever the reason, they are a fast and easy way to get the money you need with no points, fees or closing costs.
Installment Loans
Bank of Canton offers a variety of credit products to help you reach your goals. You can borrow funds to make home improvements, buy a new car, finance a wedding, or just about any other reason under the sun. We offer you choices. Whether you prefer secured or unsecured, loan or line, or short or long repayment periods, we have the product for you with quick decisions and fast turnaround time.
Credit Cards
The Town of Canton Visa offers you the best of everything. You receive a universally accepted Visa Card with a low fixed rate, no annual fee and a chance to give back to the community.
*Consult tax advisor.
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| See our rates or apply online now! | |||||
| Product | Term | Annual Percentage Rate (APR) |
Monthly Payment Per $1000 |
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| Home Equity Line | 20 Years | 4.50%* | |||
| Home Equity Loan | 1 - 5 years | 5.50% | $19.20-$85.82 | ||
| 6 - 10 years | 5.75% | $10.98-$16.45 | |||
| 11 - 15 years | 6.00% | $8.44-$10.37 | |||
| 20 years | 6.50% | $7.45 | |||
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Rates and terms subject to change without notice. *Annual Percentage Rate (APR) will be as low as Prime minus 0.50% with automatic deduction
from a Bank of Canton account and Prime without automatic deduction. APR will never be lower than 4.50%. Prime Rate as of 5/01/08 is 5.00%. APR is variable monthly based on the Prime Rate published in the
Wall Street Journal on the last business day of the month, effective the first day of the following month.
Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA. Maximum loan-to-value of 75%.
Property insurance required. Flood insurance may be required. $350 early termination fee for closing line within 3 years.
Offer valid for new equity customers only. Consult tax advisor regarding deductibility of interest.
Other rates, terms and programs available. Maximum lines and loans of $300,000. |
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| Product | Term | Annual Percentage Rate (APR) |
Monthly Payment Per $1000 |
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| Personal Loans | 48 months | 12.00% | $26.33 | ||
| Auto - New | 24 months | 5.75% | $44.20 | ||
| 36 months | 5.75% | $30.30 | |||
| 48 months | 5.75% | $23.37 | |||
| 60 months | 6.00% | $19.33 | |||
| Auto - Used | 48 months | 6.50% | $23.71 | ||
| Advance Account (Overdraft Protection) |
revolving | 16.00% | |||
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Installment loans are restricted to MA residents. |
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