Compare Loans and Lines of Credit
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PERSONAL
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PERSONAL
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HOME EQUITY
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CLEAN ENERGY
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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 | Fixed rate loans to purchase or install eligible residential clean energy systems | 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 | A smart way to pay for your home's solar water heater, Photovoltaic (PV) system, PV Solar Water Heater, Solar Air Conditioning (A/C), or Battery Backup/Storage | Overdraft protection for your checking account |
| Credit Limits | $2,500 to $50,000 | $3,000 to $50,000 | $10,000 to $1 million1 | $1,500 to $70,000 | $500 to $15,000 |
| Term | 48 months | 3-year draw
4-year repayment |
10-year draw
20-year repayment |
120 months | Available until cancelled |
| Fees | |||||
| Application Fee | $0 | $0 | $0 | $0 | $0 |
| Document Preparation Fee | $0 | $25 | $02 | $0 | $0 |
| Annual Fee | $0 | $25 | $503 | $0 | $25 |
| Early Close Fee | $0 | $0 | $500 if closed within 3 years4 | $0 | $0 |
| Prepayment Penalty | $0 | $0 | $0 | $0 | $0 |
| Interest - Annual
Percentage Rate (APR) (effective 02/01/2023) |
Fixed
8.24% to 19.24%5 |
Variable - changes monthly from 5.25% to 18.00%6 | Variable - changes monthly from 4.50% to 18.00%7 | Fixed 5.069% or 6.284%5 | Fixed 18.00%
Kalo Plus Checking (0.10% discount) and Kalo Deluxe Checking (0.15% discount) off the fixed, non-promotional interest rate offered8 |
| 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 |
Initial Period:
No payments during the first 6 months followed by monthly principal-only payments of 0.50% of principal for months 7 to 24 (0.00% APR during initial period of 24 months) Principal & Interest Period: Fixed principal portion equal to 1/96th of the outstanding principal balance at the start of repayment period plus interest |
The greater of $30 or 5% of principal balance plus interest |
| Access to Credit | |||||
| Immediate Cash | Yes | Yes | Yes | Yes
At loan closing, ASB disburses 50% of the loan amount to your contractor and the remaining 50% to your ASB checking account for you to pay your contractor according to the terms of your agreement with it. |
Access to credit transfers to your linked checking account to cover overdrafts |
| Over-The-Counter (Branch) | N/A | Yes | Yes | N/A | Access to credit transfers to your linked checking account to cover overdrafts |
| via Check | N/A | Yes | Yes | N/A | Access to credit transfers to your linked checking account to cover overdrafts |
| via Visa Card | N/A | Yes | Yes | N/A | Access to credit transfers to your linked checking account to cover overdrafts |
| ASB Online Banking with Mobile App10 | Yes | Yes | Yes | Yes | Yes |
| Available to Those Covered by the Military Lending Act | Yes | No | Yes | Yes | No |
| Other Benefits | N/A | N/A | Fixed Rate Equity Loan Option (FRELO) available | N/A | N/A |
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