Compare Loans and Lines of Credit
Finance your next milestone whether that's paying for tuition, consolidating debt or somewhere in between
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PERSONAL
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PERSONAL
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HOME EQUITY
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PREFERRED CREDITLINESM
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| Description | Fixed rate loans to solve big or small credit needs | A flexible line of credit with quick and easy access to funds when you need it | A line of credit with higher limits secured by the equity in your home | A line of credit linked to your American Savings Bank personal checking account | ||||||||||||||||||||||||||||||
| Key Features & Advantages |
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| Uses | A simple, easy way to pay for dental work, furniture, or appliances | A smart way to manage your cash flow or pay for major events like a wedding | Finance major expenses such as home renovations, college tuition, and long-term medical expenses | Overdraft protection for your checking account | ||||||||||||||||||||||||||||||
| Credit Limits | $2,500 to $50,000 | $3,000 to $50,000 | $10,000 to $1 million1 | $500 to $15,000 | ||||||||||||||||||||||||||||||
| Term | 48 months | 3-year draw 4-year repayment |
10-year draw 20-year repayment |
Ongoing, open-ended | ||||||||||||||||||||||||||||||
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| Interest - Annual Percentage Rate (APR) (effective 12/01/2020) |
Fixed 8.24% to 18.24%5 |
Variable - changes monthly from 7.00% to 17.75%6 | Variable - changes monthly from 4.50% to 18.00%7 Kalo Plus Checking (0.10% discount) and Kalo Deluxe Checking (0.15% discount) off the margin for the non-promotional interest rate offered, subject to the floor rate8 |
Fixed 18.00% Kalo Plus Checking (0.10% discount) and Kalo Deluxe Checking (0.15% discount) off the fixed, non-promotional interest rate offered8 |
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| Monthly Payment | Fixed monthly payments (Principal and Interest) |
Draw Period: The greater of $30 or 2% of the outstanding balance plus interest Repayment Period: Fixed principal portion equal to 1/48th of the outstanding principal balance at start of repayment period & interest |
Draw Period: Interest Only or Principal plus Interest9 Repayment Period: Fixed principal portion equal to 1/240th of the outstanding principal balance at start of repayment period plus interest |
The greater of $30 or 5% of principal balance plus interest | ||||||||||||||||||||||||||||||
Access to Credit
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| ASB Online Banking with Mobile App10 | Yes | Yes | Yes | Yes | ||||||||||||||||||||||||||||||
| Other Benefits | N/A | N/A | Fixed Rate Equity Loan Option (FRLEO) available | Automatic decisioning for lines up to $5,000 | ||||||||||||||||||||||||||||||
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