Mortgage & Loans

When it comes to buying a home, or a big expense like a new car or college tuition, getting a loan with knowledgeable, local service and great rates can make the difference between major stress and major excitement. Talk to an RCB lender and find out how we can help.


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Our Lending Options

Fixed Rate Mortgages

A fixed-rate mortgage means your monthly principal and interest payments will stay the same for the life of your loan. A longer-term loan allows for lower monthly payments. With a shorter-term loan, you can repay your loan twice as fast, and save more than half of the total interest costs. Either way, you can count on local services from RCB for the life of your loan. Promise.


Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) might make sense for you if you're only planning to stay in your home only for a short time or if you think your income will increase in the future. With this type of mortgage you can get a lower interest rate and lower payment at the beginning of the loan. The interest rate is fixed for a specific period of time.


Home Equity Loans & Lines of Credit (HELOC)

Our home equity loans and home equity lines of credit (HELOC) are a great way to use the value of your home to do things like make home improvements, take care of unexpected expenses, consolidate debt, or pay for a large expense like college tuition or a new car.

Home Equity Loans & Lines of Credit (HELOC) Video

Auto & Personal Loans

Buying some new wheels? Need to pay off some debt, or make a major purchase? RCB offers auto loans for new and used car purchases as well as personal loans, both with competitive rates and quick approvals for minimal hassle. Let us help you find a loan that works for you.


Student Loans

At RCB, we believe in helping make education more accessible for our customers. If you need a Student Loan to help with the cost of college tuition, RCB can help. See if a CB Student HELP Smart Option Student Loan® by Sallie Mae® is right for you.


Fixed & Adjustable Mortgage Rates

Today's Rates

For rate disclosures please
click on the Red APR rate.

Personalized Quote

Home Equity Lines of Credit rates

Home Equity Line of Credit (HELOC) 3.25%1
Minimum loan amount is $25,000
Maximum loan amount is $750,000
Maximum LTV of 80%
10 Year Draw - 15 Year Repayment - 25 Year Term

1Variable APR (Annual Percentage Rate) based on the Wall Street Journal Prime Rate published on the last business day of the month 3.25% as of 03/18/2020. Rates are subject to change. Maximum APR 18.00%. An initial draw of $25,000 is required to be made at closing and remain outstanding for 90-days to waive a $500.00 processing fee. The initial draw excludes any payoff to an existing loan with Reading Cooperative Bank. Interest only payments for initial 10 years, with additional 15 years’ payback of Principal & Interest. Maximum LTV 80%, rate and terms may vary based upon credit history. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner occupied primary residences, and condominiums qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. To open, maintain and discharge a line of credit, you may have to pay certain fees. These fees generally total between $145.00 and $950.00. During the life of the program you will be assessed an Annual Fee of $50.00 on the anniversary date of the loan. An early termination fee of $500.00 applies for lines closed within thirty-six (36) months from date of closing.

Home Equity Loan rates

Fixed Rate Home Equity Loans          
(Loans up to $350,000)    


Rate APR1
5 Year 4.500% 4.760%
7 Year 4.750% 4.940%
10 Year 5.000% 5.137%
15 Year 5.250% 5.347%
20 Year 5.500% 5.577%

1APR (Annual Percentage Rate) - is the annual rate that is charged for borrowing, expressed as a single percentage number that represents the actual yearly costs of funds over the term of the loan. This includes any fees or additional costs associated with the transaction.

Auto & Personal Loans

Auto Loans3 - New1 or Used2

New Cars with model year 2020



Payment per $1000

Up to 48 Months 4.25% $22.69
Up to 60 Months 5.00% $18.87
Up to 72 Months 5.75% $16.46



Used Cars with model years 2015 - 2019



Payment per $1000

Up to 36 Months 5.75% $30.31
Up to 48 Months 6.50% $23.71



Recreational Vehicles - New1 or Used2



Payment per $1000

Up to 36 Months (max) 9.99% $32.26



Personal Loans3 - On Demand


Fixed APR*

Payment per $1000

Revolving Line of Credit 15.00% N/A
Term Loan4   36-month (max)5 15.00% $34.67



Passbook Collateral Loans

Secured By


Certificate of Deposit6 Rate on CD Passbook Account Plus 4.00%
Passbook Savings Account6 Rate on Passbook Savings Account Plus 2.00%

*APR = Annual Percentage Rate

1New vehicles - maximum of 95% of Purchase Price (must have less than 6,000 miles and be titled). Loans up to $50,000, max term 6 years for new cars (2020 model year). 
2Used vehicles - maximum of 80% of Purchase Price or NADA blue book value, whichever is less (autos with model years not older than 5 years - currently 2015). 
325bp discount for loans set up with monthly automatic payments from RCB deposit account (excludes HELOC products). 
4Loan is fully amortizing. 
5Minimum Loan Amount $500. Maximum loan amount $10,000. 
6Finance up to 95% of Account Balance - Account must be at RCB.

Rates and terms are effective as of January 7, 2020 and are subject to change at any time without notice.

<p>get pre-qualified today</p>

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Know before you go

<p>we're old hands at the new home thing</p>

we're old hands at the new home thing

RCB's been lending money to homeowners in our community since 1886.

<p>saving for your dream home?</p>

saving for your dream home?

Your down payment doesn't have to be a downer. We can help you get a plan together.

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Ready to learn more about our loan options? Our lenders are ready and waiting to help.