Park National Bank

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Consumer Loans

Find a Loan Tailored to Your Needs

Whether you’re in the market for a new car, remodeling your home or looking for extra money for college, we have the loan you need. At Park National Bank, our relationship bankers will take the time to help you find the right loan with the best rates and terms. To learn more about the products and services listed below, contact us at 866-PARKNAT (727-5628).

Home Equity Loans

Our Home Equity Line of Credit with a variable rate as low as Prime minus .50% APR* is an easy way to get the cash you need for just about anything you want to do. It comes with all these great benefits:

NO application fee
NO closing costs
NO appraisal fee
NO annual fee
BankRewards^® points—one point for every $1 in purchases
A Home Equity Card, for convenient access to your line of credit wherever Visa^® is welcomed. Or access your line by writing a check—it’s your choice.
Interest may be tax deductible^**

Already have a line of credit elsewhere? It’s easy to switch. And, we’ll even reimburse you to cover any early closure fee up to $300 when you bring your existing line to us.^***

Equity Advantage Home Equity Loans

Use our Equity Advantage Loans to put your house to work for you by using the equity in your home to pay for vacations, home improvements, education, debt consolidation or any worthwhile purpose.

Our traditional Equity Loans carry a fixed rate and are secured by the owner’s primary residence. Your home must be owner occupied to qualify for an Equity Advantage Loan. The maximum loan amount is based on a percentage of the property’s appraised value less any existing liens. Monthly principal and interest are amortized. Interest paid on your Equity Advantage Loan may be tax deductible. Consult your tax advisor for details.

Auto Loans

If you’re in the market for a new car, stop in and ask about an auto loan. We finance new cars and used cars depending on the model year.

Secured Personal Loans

You don’t have to be a homeowner to borrow money from our bank. We also make loans secured by property other than real estate or automobiles. Secured personal loans can be made using:

NYSE, AMEX or NASDAQ listed stocks
Certificates of Deposit issued by our bank
Savings Accounts at our bank

^* Annual Percentage Rate (APR) is a variable rate based on the Prime Rate published in the Wall Street Journal plus or minus a margin. We will use the most recent Prime Rate available as of the 20th of the month for any APR adjustment. As of 3/20/08, Prime Rate is 5.25%. Park National Bank rates range from Prime minus .50% to Prime plus 1.50%, resulting in corresponding variable APRs currently ranging from 4.75% to 6.75%. Your APR will be based on the specific characteristics of your credit transaction, including evaluation of credit history, combined loan to value and line amount. The maximum APR is 18% and the minimum APR is 4.00%. The minimum line amount is $5,001. A minimum draw of $10,000 within 90 days of establishing the account and a Home Equity Card is required to collect BankRewards bonus points. An early termination fee of $495 is assessed if the line is paid off and closed within 24 months of loan date. Subject to credit approval and property valuation. Program terms and conditions are subject to change at any time without notice. Property insurance is required and flood insurance may be required. The loan program applies to owner occupied 1-4 family residential or condominium properties and must be secured by first or second mortgage.

^** Consult your tax advisor regarding the tax deductibility of interest.

^*** A balance transfer of $25,000 or more is required at closing.