Loan Rates

Below are current rates for Bankers Trust’s variety of consumer lending products.

Home Equity Rates

Bankers Trust offers both closed-end and open-end credit secured by the equity in your home. For qualified borrowers different terms and conditions may apply based on loan to value. For all of our home equity loans, the following apply. 

  • Loan to value is the amount of all mortgages divided by the value of the security expressed as a percentage.
  • Illustrative Annual Percentage Rates (APRs) applies only to loans secured by owner-occupied real estate.
  • Property insurance is required.
  • Approximate appraisal fees are $350.00 to $1,000.00.
  • Other loan fees are approximately $170.00 to $300.00.
  • Please consult a tax advisor regarding deductibility of interest.

Closed-End Home Equity Installment – Fixed Rate

Loan to Value

Maximum Term

APR*

Up to 90%

60 Mo

 4.272%

Up to 90%

120 Mo

 4.513%

Up to 90%

180 Mo

 4.761%

 * The APRs listed in the table above are effective as of May 30, 2018, and are subject to change without notice. The above APRs are available for a limited time only.  Other rates and terms are available, but restrictions may apply.  Stop in or call today for Closed-End Home Equity Loan terms. Rates are based on a 700 credit score and 90% LTV (Loan to Value). Rates and terms are subject to change. Offer subject to credit approval.

Illustrative Example 

** The APR of 4.272% is based on a loan amount of $25,000 for 5 years (60 months). Payment for this APR is 59 payments of $463.34and a final payment of $463.52. 

Open-End Home Equity Lines of Credit – Variable Rate

Loan to Value

Term

APR*

Repayment

 Up to 90%

60 Mo

6.250%

Interest Only Payments​

Up to 90%

120 Mo

 6.500%

1/2% of the Outstanding Balance plus all accrued Finance Charges or $100 + all accrued Finance Charges, whichever is greater. ​

* The APRs listed in the table above are effective as of September 27, 2018, and are subject to change without notice. The above APRs are available for a limited time only.  APR is variable and may change over the term of the loan. Offer subject to credit approval. The account will never have an APR over 21%. Making only the minimum periodic payment may result in a balloon payment at the end of the term. Other rates and terms are available, but restrictions may apply.  Where permitted by state law, there will be a $15 annual fee. Stop in or call today for HELOC terms. Rates are based on a 700 credit score and 90% LTV (Loan to Value). Rates are subject to change. Offer subject to credit approval.

Personal Line of Credit

Product

Term Available

APR*

PLOC

24 Months

7.000%**

* The APR listed in the table above is effective as of September 27, 2018 and is subject to change without notice. Rate is based on a 700 credit score. Rate and terms are subject to change. Other rates and terms are available, but restrictions may apply. Where permitted by state law, there will be a $15 annual fee. Offer subject to credit approval.

Illustrative Example

** The 24 month PLOC with APR of 7.000% is specifically based on a $10,000 loan amount with variable rate feature.  Minimum monthly payments are due for 23 payments with final payment of any remaining Principal Balance plus interest. The minimum monthly payments are determined as 0.50% of your outstanding balance plus all accrued Finance Charges or $100 + all accrued Finance Charges, whichever is greater. The minimum payment may not fully repay the principal that is outstanding on your PLOC and your final payment will be a single balloon payment. An increase in the APR may increase the amount of your Regular Payment. The variable rate is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the “index”) plus a 1.75% margin. The Prime Rate has been 5.25% since September 27, 2018.

Unsecured Loan

Product

Term Available

APR*

Unsecured Loan

36 Months

7.259%**

* The APR listed in the table above is effective as of May 30, 2018, and is subject to change without notice. Other rates and terms are available, but restrictions may apply.​ Rate is based on a 700 credit score. Rate and terms are subject to change.

Illustrative Example

** The APR of 7.259% is based on a loan amount of $10,000 for 3 years (36months). Payment for this APR is 35 payments of $310.02 and a final payment of $310.05.​ Rate is based on a 700 credit score. Rate and terms are subject to change.

Checking Reserve

Product

Terms Available

APR*

Checking Reserve

Revolving

18.500%**​

 * The APR listed in the table above is effective as of June 3, 2016, and is subject to change without notice. Other rates and terms are available, but restrictions may apply.  Where permitted by state law, there will be a $30 annual fee. The minimum advance amount is $100.00. Your regular payment will be the greater of $10.00 or all accrued interest charges and any past due principal plus 4% of the average principal balance for the current billing cycle.