Marion Center Bank

 

Our Spring Loan Promotions are here!

If it's important to you, it's important to us! Whether you're looking for some help getting those home renovations projects started, thinking about purchasing a new car, or interested in financing your family's next outdoor adventure with a new camper - We have loans to fit what's important to you.

Home Equity Line of Credit Special

TermRateAPR
Introductory rate for 6 months 0.75%* 3.25%

*0.75% Annual Percentage Rate (APR) introductory rate period will be in effect for 6 months. After the 6 month introductory period, the variable APR will revert to Wall St. Journal Prime with a maximum APR of 16.00%. A $10,000.00 advance must be taken at closing in order to receive the introductory rate. Borrower is limited to a one time only discounted introductory interest rate and closing cost waiver. The bank will waive all closing costs and the cost of an appraisal (if required). Refinancing of MCB debt requires $10,000.00 in new money. Lines closed within 36 months of origination date will be subject to a $250.00 early termination fee. A $25.00 annual fee will apply to all lines and charged on the anniversary date of the line. Credit qualifications, maximum 89% loan-to-value, primary residence only, property and flood insurance (if applicable) are required.

Home Equity Loan Specials

TermsRateAPRPayment per $1,000
20 Year Fixed 3.99%* 3.99% $6.06
15 Year Fixed 3.74%** 3.74% $7.27

*3.99% APR (Annual Percentage Rate) is for a Home Equity Loan meeting credit qualifications and 89% loan-to-value. Property and flood insurance (if applicable) are required. Owner occupied residences only. Minimum loan amount of $25,000.00 is required to receive the promotional rate offer. If refinancing existing MCB debt, $25,000.00 in new money is required to receive the promotional rate. Rate is for a Home Equity Loan based on $25,000.00 borrowed at an annual percentage rate of 3.99% resulting in 240 monthly principal and interest payments of $151.40. Monthly payment does not include taxes or insurance; inclusion of these items will increase the payment. The bank will waive all closing costs and the cost of an appraisal (if required). Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR. Rate offer is valid as of publication date and subject to change or be withdrawn at any time.  **3.74% APR (Annual Percentage Rate) is for a Home Equity Loan meeting credit qualifications and 89% loan-to-value. Property and flood insurance (if applicable) are required. Owner occupied residences only. Minimum loan amount of $25,000.00 is required to receive the promotional rate offer. If refinancing existing MCB debt, $25,000.00 in new money is required to receive the promotional rate. Rate is for a Home Equity Loan based on $25,000.00 borrowed at an annual percentage rate of 3.74% resulting in 180 monthly principal and interest payments of $181.72. Monthly payment does not include taxes or insurance; inclusion of these items will increase the payment. The bank will waive all closing costs and the cost of an appraisal (if required). Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR.

Auto Loan Special

TermRateAPR
Up to 60 months 3.49%* 3.49%

*3.49% APR (Annual Percentage Rate) may be higher and will be based upon your credit qualifications. Credit is subject to approval by MCB. Rates, terms and conditions are subject to change at any time based on market conditions or other business factors. All new money is required/no cash out permitted (loan cannot be used to rewrite existing MCB debt). Minimum loan amount to receive the promotional rate is $5,000. Promotional rate only applies to vehicle model years 2009 or newer. ”R” titled vehicles do not qualify. APR disclosed per $1,000.00 borrowed at 3.49% equals monthly payments as follows; 60 months will result in a monthly payment of $18.19, 48 months will result in a monthly payment of $22.35, 36 months will result in a monthly payment of $29.30, and 24 months will result in a monthly payment of $43.19. The bank will waive origination fees. Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR.

Personal Secured Loan Special

TermRateAPR
Up to 60 months 4.99%* 4.99%

*4.99% APR (Annual Percentage Rate) may be higher and will be based upon your credit qualifications. Credit is subject to approval by MCB. Rates, terms and conditions are subject to change at any time based on market conditions or other business factors. Promotional rate only applies to vehicle model years 2009 or newer. ”R” titled vehicles do not qualify. All new money is required/no cash out permitted (loan cannot be used to rewrite existing MCB debt). Minimum loan amount to receive the promotional rate is $2,500. APR disclosed per $1,000.00 borrowed at 4.99% equals monthly payments as follows; 60 months will result in a monthly payment of $18.87, 48 months will result in a monthly payment of $23.02, 36 months will result in a monthly payment of $29.96, and 24 months will result in a monthly payment of $43.86. The bank will waive origination fees. Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR.

All above listed Spring Loan Promotional rates are effective as of publication date and subject to change or be withdrawn without notice. Contact a lender near you for details.

 



Get our promotional loan rates AND a checking account that monitors your credit! Open our Signature Membership Checking Account and get Ultimate ID™, a comprehensive credit monitoring program offered by Benefits Plus®.

Your complete Benefits Plus® Signature membership includes:

  • 3 Bureau Credit Monitoring
  • Internet Monitoring
  • Credential Vault
  • Instant Inquiry Alerts
  • Score Tracker
  • Managed Identity Fraud Research
  • Remediation and Recovery Services
  • Lost Document Replacement Services

Also included in your membership:

  • A variety of banking benefits and services
  • Accidental Death & Dismemberment ($10,000 coverage)
  • For more information, please visit our Benefits Plus® page or contact an office near you for complete details

Other checking accounts are available. Ask to see a checking account agreement, disclosure of account terms, and rules and regulations for complete details for each account.


First Time Home Buyer Program

Offered by: First Front Door Logo

Get up to $5,000 towards your Down Payment & Closing Costs! In addition, we are waiving our $250 origination fee*.

Through the First Front Door program, qualified home buyers can receive a 3-to-1 matching contribution. That means that for every $1 you contribute, you can receive $3 in grant assistance, up to a maximum of $5,000.  Grant funds are available March 16th for 2020!  Contact a lender near you today and see if you qualify.

All grants are provided by FHLBank Pittsburgh. First Front Door funds are available on March 16th, 2020 and on a first-come, first-serve basis. *Origination fee of $250 charged by the bank will be waived.

 

 

 

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