$10,000. The maximum for a secured personal loan is in the $250,000 range. Another advantage is that interest rates are often fixed, whereas interest rates on HELOCs can fluctuate with the market. Unsecured personal loans. If you do not have collateral available, you may qualify for an unsecured personal loan. Interest rates and loan minimums can be higher, while borrowers are limited to a maximum loan amount of $100,000. However, like secured personal loans, unsecured loans feature fixed interest rates that offer payment predictability for the life of the loan. Unsecured lines of credit. Whether you need to pay for unexpected car repairs or want to take a well- deserved vacation, an unsecured line of credit can give you access to the cash you need. If you qualify, CB&T offers unsecured credit lines from $2,500 to
$100,000 with variable rates. Like a HELOC, you only pay interest on the funds you actually use. The choice is yours Since life can throw you a curveball—or an opportunity at any time—it’s a good idea to have access to extra cash when it does. Choosing a home equity loan or a personal loan will depend on several factors including your homeowner status, personal credit history and the amount you want to borrow. Find out more at www.calbanktrust. com/personal/home-loans/home- equity-line-of-credit , or call or visit your CB&T branch for more information.
See page 33 for important details and disclosures
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