Gain the added security of overdraft protection and convenience of additional funds with a Line of Credit. Money is deposited into your account at your request or whenever your checking account is overdrawn, up to your available credit limit.
Please mail completed application to:
Community Bank & Trust
Attn: Consumer Lending
PO Box 1288
Waterloo, IA 50701
|Annual Percentage Rate (APR) for Purchases and Cash Advances||12.70% Annual Percentage Rate may vary. The rate is in effect as of March 16, 2017.|
|Variable Rate Information||Your rate may vary. The rate will be 8.95% spread above the base rate* of Community Bank & Trust, adjusted monthly.|
|Grace Period for Repayment of Balance of Purchases||None|
|Method of Computing Balances for Purchases||Average Daily Balances including New Advances|
|Transaction Fee for Cash Advances||None|
For questions, please call us at 319.291.2000. Note: Marital status information is not required if applicant is applying for individual, unsecured credit.
* Base Rate equals prime rate as published in The Wall Street Journal. Community's Line of Credit is a revolving line of credit attached to a Community Bank & Trust checking account. Advances in multiples of $50.00, up to the credit limit, are deposited into the checking account at the request of the borrower or whenever the checking account is overdrawn. The minimum payment is 5% of the outstanding loan balance or at least $15.00. The borrower will receive an itemization of the Community Line of Credit activity with the checking account statement. If the borrower does not pay at least the minimum payment by the fifteenth day after the statement date, the minimum payment will be withdrawn from the checking account. Request a Community Line of Credit Agreement for details.