Commercial Banking
Loan Rates
LOANS
| Program | Term | Annual Percentage Rate | Monthly Payment Example per $1,000 |
| Auto Loans(1) | |||
| New (2012 - current model) | |||
| Up to 60 months | 6.25% (1) | $19.45 (60 Months) | |
| Used (90% LTV) | |||
| (2011 to 2006) | Up to 48 months | 7.25% (1) | $24.06 (48 Months) |
| Home Equity Fixed-Rate Term Loan(1,4) | Up to 60 Months | 3.25% (1) | $18.08 (60 Months) |
| 61 - 120 Months | 3.75% (1) | $10.01 (120 Months) | |
| 121 - 180 Months | 3.99% (1) | $7.39 (180 Months) | |
| 181 - 240 Months | 4.25% (1) | $6.19 (240 Months) | |
| Home Equity Variable-Rate Line of Credit(2) | |||
| Prime Minus .25% | 3.50% | N/A | |
| Personal Loan (Unsecured)(1) | Up to 24 Months | 15.50% (1) | $48.72 (24 Months) |
| Personally Reserved(3) (Overdraft Protection) | N/A | 10.75% | N/A |
(1) APRs are effective as of
05/01/13
, are subject to change without notice and include a discount of .50% for automatic payment from a Peapack-Gladstone Bank checking or savings account. Loans subject to credit approval.
(2) APR effective as of 05/01/13 and is subject to change without notice. The APR is based on the Prime Rate as published in the Wall Street Journal as of the first business day of the month and may vary monthly, not to fall below 3.50% and will not exceed the maximum of 16%. The Prime Rate as of 05/01/13 is 3.25% . Maximum LTV is 80%. For loans where total liens exceed $800,000 the LTV is 65%. Terms subject to credit approval and can change without notice. Rates apply to owner occupied residence only. Other conditions apply for lines over $250,000. You must carry insurance on the property that secures this plan. Consult your tax advisor regarding deductibility of interest. Customers may convert all or part of a HELOC balance to a fixed rate Home Equity Loan. Transfers must be completed within draw period. Minimum transfer amount of $10,000. Up to 3 transfers allowed. A processing fee of $100 charged for each transfer. Cancellation Fee: $400 if line cancelled in the first 36 months.
(2) APR effective as of 05/01/13 and is subject to change without notice. The APR is based on the Prime Rate as published in the Wall Street Journal as of the first business day of the month and may vary monthly, not to fall below 3.50% and will not exceed the maximum of 16%. The Prime Rate as of 05/01/13 is 3.25% . Maximum LTV is 80%. For loans where total liens exceed $800,000 the LTV is 65%. Terms subject to credit approval and can change without notice. Rates apply to owner occupied residence only. Other conditions apply for lines over $250,000. You must carry insurance on the property that secures this plan. Consult your tax advisor regarding deductibility of interest. Customers may convert all or part of a HELOC balance to a fixed rate Home Equity Loan. Transfers must be completed within draw period. Minimum transfer amount of $10,000. Up to 3 transfers allowed. A processing fee of $100 charged for each transfer. Cancellation Fee: $400 if line cancelled in the first 36 months.
(3) APR effective as of
05/01/13
and is subject to change without notice. The APR for the Personally Reserved Overdraft line of credit is equal to the Prime Rate as published in the Wall Street Journal as of the first business day of the month plus 7.50% and may vary monthly with changes in the Wall Street Journal Prime Rate. The Prime Rate
as of 05/01/13
is
3.25%
.
(4) Other conditions may apply for loans over $250,000. APRs apply to owner occupied and second residences only. You must carry insurance on the property that secures this plan.
Loan Calculators
(4) Other conditions may apply for loans over $250,000. APRs apply to owner occupied and second residences only. You must carry insurance on the property that secures this plan.
Loan Calculators
