Personal Bank Services: Loans
Take responsibility for your personal finances. Be prepared to meet any emergency or personal purchasing decision that may arise with a personal loan or line of credit through Security Bank of California.
A Home Equity Line of Credit can provide you with easy ongoing access to the equity in your home with flexible repayment terms. Use the equity in your home to help meet your credit needs now or in the future. Repay interest monthly only on the amount you use, with the principal due at maturity. In most cases, the interest you pay may be tax deductible.
Term Loans (Secured or Unsecured) are available to meet a variety of personal needs, from vacations to unexpected medical expenses or the purchase of a new car, boat or recreational vehicle. Consider a term loan when you need a specific amount of cash all at one time. Flexible repayment terms are available.
A revolving line of credit can help you meet ongoing personal expenses when you are not sure exactly how much you will need or when you might need it. Pre-qualify for a Security Bank Personal Line of Credit and funds will be available to you, when you need them, without ever having to reapply (during the term of the line). Monthly payments are interest only and based on the amount outstanding on the line, with principal due at maturity.
This optional overdraft protection plan protects you against those instances where personal expenses temporarily exceed the balance in your checkbook. Simply write a check on your account and funds from your Ready Reserve will be automatically transferred into your account to cover the shortfall. You can also use your Ready Reserve like a loan to yourself for those unexpected purchasing decisions. Payments, based on the terms of the Ready Reserve line agreement, will be automatically deducted from your Security Bank primary checking account.
* Please consult your tax preparer or accountant to determine if the interest is tax deductible.
HOME EQUITY LINES OF CREDIT