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Loan Rates

Interest Rates current as of    
Sussex Bank offers many types of credit services with a variety of terms, conditions and rates. The following are examples of our most frequently requested consumer loan rates. Sussex Bank makes every attempt to keep this page current; however, rates are subject to change without notice.

To verify our rates on these and other credit services offered, please speak with a branch representative. For a listing of our addresses and phone numbers, visit our locations page.

Sussex Bank also offers a wide range of affordable financing solutions for businesses. To obtain a quote, please call Sussex Bank’s Loan Division at (973) 827-3726.

Use a loan calculator to determine the monthly payment of your loan.

Click on the links below to find out more about each Account's Interest Rates.

*APR's include a .25% reduction for automatic debit from a Sussex Bank personal checking/savings account.

Consumer Rates as of           
Product Name Collateral and Loan to Value Term and Maximum
dollar amount
APR*
Home Equity
Loan Fixed
Owner Occupied
1-4 family
75% LTV
Terms up to 240 months
$250,000.00
Monthly or Bi-Weekly
60 months - 3.49%
120 months - 3.74%
180 months - 3.99%
240 months - 4.74%
Important Information:
APR's Include a .25% reduction for automatic debit from a Sussex Bank personal checking/savings account. APR indicated is for 1-4 family owner-occupied homes in NJ, NY or PA. Maximum LTV is 75%. APR is fixed for the term of the loan.  Property insurance is required; flood and title insurance may be required.  No closing costs applicable on loans up to $250,000; appraisal fees apply for loans over $250,000.  Loans over $500,000 may be subject to different rates and terms.  NY residents must pay a mortgage recording tax at closing.  Payment example: At 3.49% APR, 60 monthly payments of $18.19 per $1,000 borrowed.  Interest may be tax-deductible, consult with your tax advisor.
Home Equity
Line of Credit
Owner Occupied
1-4 family
75% LTV
Revolving Interest only 180 months
then payment equal to 1/180 of the
principal plus interest
Up to $250,000.00
2.99% fixed for 12 months then Prime life of Loan Minimum APR 3.50% (Floor Rate) Maximum APR 16.00%
Important Information:
Annual Percentage Rate indicated is for 1-4 family owner-occupied homes in NJ, NY or PA. Maximum LTV is 75%.  After the 12-month introductory period, the APR is a variable rate based on the Prime Rate (as published in the Wall Street Journal), which, as of 7/17/2013 is 3.25%.  Minimum APR is 3.50%, maximum APR is 16.00%.  Rates and terms are subject to credit approval.  Property insurance is required; flood and title insurance may be required.  No closing costs applicable on lines up to $250,000; appraisal fees apply for lines over $250,000.  Lines over $500,000 may be subject to different rates and terms.  NY residents must pay a mortgage recording tax at closing.  Interest may be tax-deductible, consult with your tax advisor. 
Home Equity Investment
Line of Credit
Non-Owner Occupied Investment Property
1-4 family
65% LTV
Revolving Interest only 180 months
then payment equal to 1/180 of the
principal plus interest
Up to $250,000.00
Prime plus 1% Life of Loan Minimum APR 5.00% (Floor Rate) Maximum APR 16.00%
Important Information:
Annual Percentage Rate indicated is for 1-4 family non-owner-occupied investment properties in NJ, NY or PA. Maximum LTV is 65%.  APR is a variable rate based on the Prime Rate (as published in the Wall Street Journal), which, as of 7/17/2013 is 3.25%.  Minimum APR is 5.00%, maximum APR is 16.00%. Borrower pays all closing costs which may include, but not limited to: appraisal, credit report, flood search, property search. Rates and terms are subject to credit approval.  Property insurance is required; flood and title insurance may be required.  Lines over $250,00.00 may be subject to different rates and terms. NY residents must pay a mortgage recording tax at closing. There is an early termination fee of $400 if Line is terminated during the first 36 months. Interest may be tax-deductible, consult with your tax advisor. 
Personal Loan
Unsecured
N/A 36 months
$10,000.00
14.00%
Personal Loan
Secured
Secured by older model cars 70% of NADA retail Value 36 months
$15,000.00
10.00%
Automobile
New
2014 - 2013
90% of Purchase Price
Up to 60 months Monthly or Bi-Weekly
36 months - 3.35%
48 months - 3.50%
60 months - 3.74%
Automobile
Used

2013-2010
80% the lesser of the NADA Retail Value or Purchase Price

2009 and older
70% the lesser of the NADA Retail Value or Purchase Price

 

Up to 60 months

 


Up to 36 months

Monthly or Bi-Weekly
36 months - 4.49%
48 months - 5.14%
60 months - 7.75%

 

36 months - 10.00%

Important Information:
APR's include a .25% reduction for automatic debit from a Sussex Bank personal checking/savings account.  Subject to credit approval.  Payment example: At 6.50% APR, 60 monthly payments of $19.57 per $1,000 borrowed.
Cushion Checking (Overdraft Protection) N/A 1/24th of the principal
and interest monthly
$5,000.00
13.90%
CD Secured Sussex Bank CD
95% LTV

up to 60 months*

*Based on remaining CD term at time of settlement. 

Fixed at 3% over prevailing rate.
Savings Account
Secured
Sussex Bank
Statement/Passbook
Savings Acct
up to 60 months
95% LTV

3% over prevailing rate

Introducing our Sussex Bank First Time Home Buyers Mortgage Program!

Must be a first time home buyer and meet specific income levels.  Escrow account will be established for the payment of property taxes and homeowners insurance premiums.  Click here for more details....

 

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