| 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 |
Fraud Alert: Fraud in all forms is on the rise, including stolen mail and altered checks. We encourage customers to check their account daily and advise us immediately if any activity seems suspicious. For information on setting up Online Banking activity alerts call us at 1-860-889-7381, visit a branch, or contact us here
