Home Highlands State Bank About Highlands State Bank Vernon NJ Banking News Banking Careers Bank Hours and Locations Contact Highlands State Bank






Loan Application


Join Our Email List for
the Latest Product Info

Email:  

Loan Rates

Effective Date: 01/02/08

Equity Line of Credit

Loan Amount $10,000 to $250,000

APR - Annual Percentage Rate - variable rate that adjusts according to the Prime rate as published in the Wall Street Journal. Rate is based on 1.50% below Prime with a floor of 4.00% for the life of the loan.

Rate shown is based on an automatic debit from a Highlands State Bank® checking account. If you choose not to have an automatic debit from your Highlands State Bank ® checking account, your rate will be based on 1% below prime with a floor of 4.00% for the life of the loan.

2 payment plans are available: Interest only and Principal + interest.

Closing Costs - Highlands State Bank covers all of the closing costs so there are none to the consumer*

Draw Period Repayment Period APR w/ auto debit from HSB account
10 years 15 years WSJ Prime less 1.50% **

1-4 family owner occupied or 2nd home.

* NY State residents pay mortgage tax

**The rate floor is 4.00%

Fixed Rate Equity Loans

Loan Amount $10,000 to $250,000

Rate shown is based on automatic debit from Highlands State Bank account otherwise add .50% to the rate shown.

Closing Costs - Highlands State Bank covers all of the closing costs so there are none to the consumer*

Fixed rate term APY w/ auto debit from HSB account Monthy P & I per $10,000
5 year 5.50% $ 191.02
10 year 6.00% $ 111.10
15 year 6.25% $ 85.80
20 year 6.50% $ 74.60

1-4 family owner occupied or 2nd home.

* NY State residents pay mortgage tax

Vehicle Loans

Loan Amount $2,000 to $50,000
Highlands State Bank makes loans on NJ,NY, PA state regsitered vehicles only
Rate shown is based on automatic debit from Highlands State Bank account otherwise add .50% to the rate shown.

Term Type APY w/ auto debit from HSB account LTV
24 - 60 months New vehicles 6.50% 100%
25 - 60 months Used vehicles 7.00% 80%

CD / Savings Account Loans

Loan Amount $2,000 & up

Term Rate
up to 60 months Account Rate + 2%

Marketable Securities ( Stock Loans )

Loan Amount $2,000 & up

Term Rate LTV
up to 60 months WSJP 50%

Personal Loans

Loan Amount $2,000 & up

Term Rate Rate
up to 60 months Unsecured 13.25%
up to 60 months Secured 12.25%

Stop by our branch to pickup an application and receive more details on our loan products.

All rates & terms subject to change without notice.