We won't judge you by the size of your piggy bank. When it comes to buying a home, a car, or even paying for student tuition, getting a loan with knowledgeable, local service and great rates can make the difference between major stress and major excitement.
Enjoy flexible repayment options as we offer exclusive resources (3, 5, or 7-year fixed-rate term loans from $5,000 - $50,000) to ensure a great experience from application to repayment. Track your progress with our easy-to-use repayment dashboard, get closer to your set pay-off date (with no prepayment penalties), and receive live support seven days a week using the Online Help Center. It's personal service with you in mind.
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.
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.
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.
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 consumer loans, both with competitive rates and quick approvals for minimal hassle. Let us help you find a loan that works for you.
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.
Today's Rates
For important loan information and rate disclosures, please click on the red APR rate.
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Home Equity Line of Credit (HELOC) |
7.50%1 |
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Minimum loan amount is $25,000 10 Year Draw - 15 Year Repayment - 25 Year Term |
1Variable APR (Annual Percentage Rate) based on the Prime Rate as published in the Wall Street Journal (currently 7.50%). Rate is as of 12/15/2022. Rates are subject to change. Maximum APR is 18.00%. An initial draw of $25,000 is required to be made at closing and remain outstanding for 90-days. The initial draw excludes any payoff to an existing loan with Reading Cooperative Bank. Interest only payments for initial 10 years, with an additional 15 years payback of principal & interest. Maximum LTV is 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.
2For loan amounts up to $100,000, your debt to income ratio cannot exceed 45%, and you will need a minimum mid Fico Score of 620.
3For loan amounts more than $100,000 and up to $250,000, your debt to income ration cannot exceed 40%, and you will need a minimum mid Fico Score of 680.
4Depending on your loan to value, debit to income ratio, and credit score, you may qualify for a higher loan amount. Please speak to a loan officer for more details.
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.
2For loan amounts up to $100,000, your debt to income ratio cannot exceed 45%, and you will need a minimum mid Fico Score of 620.
3For loan amounts more than $100,000 and up to $250,000, your debt to income ration cannot exceed 40%, and you will need a minimum mid Fico Score of 680.
4Depending on your loan to value, debit to income ratio, and credit score, you may qualify for a higher loan amount. Please speak to a loan officer for more details.
Rates and terms are effective as of 11/04/2022 and are subject to change at any time without notice.
Auto Loans - New1 or Used2
New Cars With Model Year 2023
|
Term |
APR* |
Payment Per $1000 |
| Up to 48 Months | 6.25% | $23.60 |
| Up to 60 Months | 7.00% | $19.80 |
| Up to 72 Months | 7.75% | $17.41 |
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Used Cars With Model Years 2018 - 2022 |
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|
Term |
APR* |
Payment Per $1000 |
| Up to 36 Months | 7.75% | $31.22 |
| Up to 48 Months | 8.50% | $24.64 |
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Recreational Vehicles - New1 or Used2 |
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|
Term |
APR* |
Payment Per $1000 |
| Up to 36 Months (max) | 9.99% | $32.26 |
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Personal Loans - On Demand |
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|
Term |
Fixed APR* |
Payment Per $1000 |
| Revolving Line of Credit | 15.00% | N/A |
| Term Loan3 36-month (max)4 | 15.00% | $34.67 |
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Passbook Collateral Loans |
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|
Secured By |
APR* |
|
| Certificate of Deposit5 | Rate on CD Passbook Account Plus 4.00% | |
| Passbook Savings Account5 | 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 (2023 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 2018).
3Loan is fully amortizing.
4Minimum Loan Amount $500. Maximum loan amount $10,000.
5Finance up to 95% of Account Balance - Account must be at RCB.
Rates and terms are effective as of 01/22/2023 and are subject to change at any time without notice.
RCB's been lending money to homeowners in our community since 1886
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