| Line of Credit | Term Loan | |
|---|---|---|
| Product Description | A flexible line of credit against the equity in your home that you can draw from when you need it. | Borrow a defined amount for a certain period of time. Payments and interest rate is fixed for the life of the loan. |
| Interest Rate Option | Variable with a Fixed Rate Loan Option | Fixed |
| Interest Only Payment Option | Yes | No |
| Access to your funds | Checks and Eastern Connecticut Savings Bank branches | All funds are advanced in one lump sum |
| Maximum Combined
Loan-to-Value % |
80% | 80% |
| Apply View Rates | Apply View Rates |
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