The Best Loan Rates from Reliance Bank

Get Your Equity Installment Loan Rates from Reliance Bank

Effective Date: Wednesday, May 23, 2018
Maximum Loan Term Interest Rate APR Payment Per $1,000(1)
36 Months2/34.490%4.576%$31.68
60 Months2/34.490%4.533%$19.85
120 Months2/34.740%4.768%$11.16
180 Months2/34.990%5.009%$8.42
60 Month Investment Product2/45.750%5.803%$20.47

1Monthly payments shown do not include taxes and insurance – actual payment obligation will be greater.

2Offer is available to customers borrowing a minimum of $5,000 new money.

3Interest Rate and Annual percentage Rate (APR) quoted are current as of May 4, 2018 and can change at any time, and require monthly payments to be deducted from a Reliance Bank deposit account.  Rates shown are for owner-occupied home equity financing, with a maximum Loan to Value of 89%, and are based upon a loan amount of $50,000 – the actual APR will vary based upon the final loan amount and finance charges.  Credit subject to approval, and special rules and restrictions apply.

4Loan must be secured by a non-owner occupied investment property; maximum Loan to Value of 80%. Rate reduction is not available for this product.

Unless otherwise noted, Interest Rates and APRs shown above are for owner-occupied home equity financing, and a maximum Loan to Value of 89%. A .25% interest rate reduction is shown for customers who have their monthly loan payment deducted from a Reliance Bank checking account. APR is based upon a loan amount of $50,000. The actual APR will vary based upon the final loan amount, loan term, and finance charges.
Special rules and restrictions apply.
Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.


Line of Credit Rates from Reliance Bank

Effective Date: Wednesday, May 23, 2018
Type APR
SmartLine Home Equity Line of Credit1.99% Introductory APR1 for first 3 months
4.75% Current Fully Indexed APR
Investment Line of Credit6.75%2 Current Fully Indexed APR

1Introductory 1.99% Annual Percentage Rate (APR) fixed for the first three (3) months and will not increase during that period.  After the first three (3) months, rate will be variable and equal to the then-current Prime Lending Rate, as quoted in the Wall Street Journal with a minimum APR of 4.00% and maximum APR of 18.00%.  The current APR without the introductory rate is 4.75%.  Rates shown are current as of March 22, 2018 and can change at any time.  Minimum loan amount for this product is $20,000. Applicants must advance a minimum of $10,000 new money (money not used to refinance and existing Reliance Bank loan) when you open your line. Total opening fees will range between $569 to $894, including an appraisal fee.  Property insurance is required.  APR available for loans up to 89% Loan to Value.  An annual $35 non-activity finance charge is assessed if you do not use your line.

2APR is variable and may increase at any time, with a maximum of 18.00%. 10-year draw period. Minimum loan amount is $20,000 with a minimum required $10,000.00 advance when you open your line. An annual $35 non-activity finance charge is assessed if you do not use your available line. Line of credit must be secured by a non-owner occupied investment property.

Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.


Variety of Loan Rates from Reliance Bank

Effective Date: Wednesday, May 23, 2018

Lending Rates for Unsecured Loans from Reliance Bank

Credit Score Loan Term Interest Rate APR* Payment per $1,000
700+60 months7.490%7.595%$20.53
<70060 months9.490%9.597%$21.52
*Requires monthly payments to be deducted from a Reliance Bank deposit account. Credit score is based on the Experian credit report received for applicant. If co-borrowers are applying, the lowest credit score received will be used to determine the rate. Credit is subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.

Lending Rates for Unsecured Lines from Reliance Bank

Type APR
Personal SmartLine
Unsecured Line of Credit
6.25%1 Introductory APR for first 3 months. After introductory period ends, APR is variable and currently 8.75%
Executive Line Of Credit4.00%2 Introductory APR for first 3 months. After introductory period ends, APR is variable and currently 8.75%

1 Introductory 6.25% APR fixed for three (3) months and will not increase during that period. After the first three (3) months APR will be variable and may increase at any time with a maximum of 18.00%. Current fully indexed APR is 8.75%. Requires monthly payments to be deducted from a Reliance Bank deposit account. An annual $20.00 non-activity finance charge is assessed if you do not use your line.

2Introductory 4.00% APR fixed for three (3) months and will not change during that period. After the first three (3) months APR will be variable and may increase at any time with a maximum of 18.00%. Current fully indexed APR is 8.75%. Minimum loan amount for this product is $25,000 with a minimum required $10,000.00 advance when you open your line. An annual $20 non-activity finance charge is assessed if you do not use your line.

Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.


Get on the Road with Auto Loan Rates from Reliance Bank

Effective Date: Wednesday, May 23, 2018
Type Interest Rate APR(1) Term
All New Cars4.24%4.285%72 month maximum loan term
Used 2015 - 20184.24%4.293%60 month maximum loan term
Used 2013 - 20144.99%5.056%48 month maximum loan term

1Requires monthly payments to be automatically drafted from a Reliance Bank checking account.

Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.


Take a Break with Recreational Vehicle Rates from Reliance Bank

Effective Date: Wednesday, May 23, 2018
Type Interest Rate APR(1) Term
All New Recreational Vehicles7.74%7.775%72 month maximum loan term
Used 2014-20177.74%7.782%60 month maximum loan term
Used 2012-20138.49%8.542%48 month maximum loan term

1Requires monthly payments to be automatically drafted from a Reliance Bank checking account.
Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.


Loan Rates for Building Lots from Reliance Bank

Effective Date: Wednesday, May 23, 2018
Down Payment Required APR(1) Monthly Payment Per $1,000(2)  
15%5.42%$4.34 Interest only for first 24 months
$14.23/month for remaining 84 months
How to Apply

1Requires monthly payments to be automatically drafted from a Reliance Bank checking account.
2Monthly payments shown do not include taxes and insurance, actual payment obligation will be greater.
Credit subject to approval. Please contact one of our Personal Banking Representatives for additional rates and programs.