Loans
Cash when you need it! Cash when you want it!
Borrowing
money can make life easier and more enjoyable when you need extra funds
to make large purchases, deal with emergencies and meet expenses. At
Southern Heritage Bank, we’ll work with you to set up the loan
that corresponds with your need for cash. Our consumer loan representatives
will work with you one-on-one to suggest a loan or line of credit with
repayment options that won’t burden your monthly budget ... at
a competitive interest rate.
For additional convenience, we can deduct your monthly loan payment
directly from your Southern Heritage checking or savings account. Contact
any Southern Heritage Bank office today ... and let us help you with
a lending option that best suits your unique situation!
Whether
you are interested in a loan or line of credit, Southern Heritage Bank
has an assortment of installment loans, home equity loans or home equity
lines of credit that make borrowing the money you need fast, simple
and affordable.
- Ask
About Our Home Equity Loans If ...
you own your own home and want to get favorable interest rates and
terms. You can get the money you need from either a fixed-rate Home
Equity Loan or more flexible Home
Equity Line of Credit.
- Ask
Us About An Installment Loan If ... you are borrowing a specific
amount of money for one particular need ... and prefer the predictability
of fixed monthly payments.
- Ask
Us For a VISA Credit Card Application If
... you need the
convenience of making purchases “on the run.”
- You
May Need A LINE OF CREDIT If
... you have various upcoming expenses and require some long-term
flexibility of drawing funds as needed. Like a credit card, your monthly
payments will vary based on how much credit you've used.
Whether you have
anticipated expenses or unexpected emergencies ... whether your expenses
are practical or a tad extravagant ... Southern Heritage Bank has a
variety of personal loan options available. See one of our loan representatives
to suggest the right option for you.
Our
PRIME ADVANTAGE cards save you money. Plain and simple. And as with
any MasterCard or Visa, the PRIME ADVANTAGE cards mean worldwide acceptance.
Which means you can show your PRIME ADVANTAGE every time you make a
purchase no matter where you are in the world. With our great looking
card designs, valuable benefits, and low rate, the PRIME ADVANTAGE card
is the only card you will ever want to use while shopping, dining, traveling,
entertaining or getting cash advances.
- No
Annual Fee
- Low
Annual Percentage Rate
- Interest-free
Grace Period
- $200,000
Common Carrier Insurance
- Free
Initial Balance Transfers
- Convenience
Checks
Over 9 million establishments
honor our cards, and cash is available at over 317, 000 financial institutions
or at any automatic teller machine displaying the CIRRUS® logo.
If
you require flexible borrowing options, Southern Heritage Bank can offer
you a Home Equity Line of Credit for up to 89% of the appraised value
of your home, less your mortgage balance*. Apply just once ... and when
you are approved, you can simply write yourself a loan using special
convenience checks. Use your line of credit for whatever you want, whenever
you want it!
As with a credit card, you’ll receive an easy-to-understand monthly
statement that itemizes all of your account activity. You can pay the
entire balance owed ... or you can make a minimum monthly payment. It’s
your decision. Other benefits include:
- ATTRACTIVE
INTEREST RATES
– Lower than the interest rates you would pay with most credit
cards or installment loans!
- NO
ANNUAL FEE
- FREE
CHECKS
- LOW
CLOSING COST
If
you have a single financial need – and you prefer the predictability
of a fixed interest rate with fixed monthly payments – you can
choose a Home Equity Loan. Once approved, you’ll get the entire
amount of your loan up front – with an attractive interest rate.
You will receive a convenient coupon book to help you keep up with your
payments and due dates.
Two Sensible
Choices!
Whether you prefer the flexibility of a Home Equity Line of Credit,
or the predictability of a Home Equity Loan, Southern
Heritage Bank will help you use your hard-earned equity ... to meet
your wants and financial obligations of today.
Tax Deductible
Interest Payments*
If you itemize your tax deductions, you know how few the IRS actually
allows ... until it comes to the interest paid on your home mortgage.
A Home Equity Line of Credit or Home Equity Loan are among the few personal
loans that afford you the opportunity to deduct the interest from your
income tax. *Consult your tax adviser on the deductibility
of interest payments.
Consolidate Your
Debts Into One Low Payment
If you have existing credit card balances, installment loans or finance
company notes, you can pay off these debts with a Home Equity Line of
Credit or Loan. There’s also a good chance you can reduce your
interest rate and your monthly payment!
For
homeowners, a low interest Home Equity Line of Credit or Home Equity
Loan can be your financial ticket to:
- Home
Improvements, Major Repairs or Additions
- Debt
Consolidation
- Dream
Vacations
- College
or Private School Tuition and Expenses
- Recreational
Vehicle, Boat or Personal Watercraft
- Investment
Opportunities or New Business
- A
New Deck
- Swimming
Pool/Spa
- Remodeled
or Enlarged Kitchen or Bath
- Real
Estate Down Payment
- Automobiles
- Major
Appliances and Electronics
- A
Wedding or Honeymoon
- Home
Office
- Braces
for Children
- Home
Furnishings/Decorations
- Unexpected
Emergencies
- Home
Alterations for Handicap Access
- Automatic
Payment – We can automatically
deduct any Southern Heritage Bank loan payment from your checking
or savings account each month. That means no more writing and mailing
checks ... or unnecessary fees from accidental late payments.
- Overdraft
Protection
– Overdraft protection guarantees that your checking account
will always have ample funds to cover checks or scheduled electronic
loan payments. Southern Heritage Bank will automatically transfer
$100 increments into your checking account to ensure a positive balance
– sparing you the embarrassment, expense and credit problems
resulting from bounced checks and overdraft charges.
Automobiles,
RVs and Boats- Debt
Consolidation
- Indoor
and Outdoor Home Improvements
- School
Tuition
- Unexpected
Emergencies
- Trips
and Vacations
- Appliances,
Furniture and Electronics
- Home
Offices
- Weddings
- Investments
- Medical
and Dental Expenses
- Second
Homes
- Luxury
Items
- Pools
and Spas
*Offer does not constitute an automatic extension of credit. Credit application and approval required. Line of credit limit is 89% of appraised real estate value less existing mortgage amount. Property insurance required. See your tax adviser for deductibility of interest payments. Maximum APR that may be imposed is 21%. On Home Equity Line of Credit: Rates adjust monthly with New York Prime. A balloon payment will result after the initial term of the loan. On Home Equity Loan: A balloon payment may result after the initial term of the loan.
