Home Equity Loan Special

For a limited time, pay no closing costs, a $300 savings, with a Home Equity Loan or Home Equity Line of Credit from Quad City Bank & Trust!1

Use the value of your home to pay for virtually ANYTHING - remodeling projects, vacation, unexpected costs, or consolidating your debt. The interest you pay on your Home Equity Loan or Home Equity Line of Credit may even be fully tax deductible.2

Borrow up to 80% of your property value and take advantage of fixed rates as low as 4.50% APR* for a term of 66 months (no prepayment penalty) with a Home Equity Loan. Or, with a Home Equity Line of Credit, borrow up to 80% of your property value and take advantage of variable rate of prime + .25% with a floor of 4.50% APR** and a maximum for 66 months (no prepayment penalty).

Contact an Account Executive to take advantage of this offer today or to discuss our other home equity products and rates by calling 563.388.7228. 

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1 Offer is available for applications submitted between April 1, 2017 - June 30, 2017. This does not include the appraisal fee if one is required. Subject to final credit approval. The loan amount you can qualify for is based on your home’s Loan to Value ratio, payment term, income, and credit history. Interest rates and program terms are subject to change without notice.

2 You should consult your tax advisor concerning interest deductibility.

* APR (Annual Percentage Rate) reflects a 0.25% interest rate reduction for having automatic payments from a Quad City Bank & Trust checking or savings account. APR is assuming a loan to value of 80% or less. Minimum loan requirement of $5,000. Example: A $25,000 Home Equity Loan at 4.50% APR requires 66 payments of $428.30 for principal and interest. This example payment does not include amounts for taxes and insurance. The actual payment may be greater.

** APR (Annual Percentage Rate) is assuming a loan to value of 80% or less and a variable rate of prime + .25% with a floor of 4.50% APR and a Maximum APR of 21.00%. Minimum loan requirement of $5,000. Example: A $25,000 Home Equity Line of Credit at 4.50% APR requires 66 payments of $93.75 for an interest only payment. The minimum monthly loan payment required is an interest-only payment based on the outstanding principal balance of the line of credit. If this payment schedule is followed, the loan will not be paid in full at maturity, which is typically 66 months and a final balloon payment will be necessary to repay the debt. Principal reduction payments may be made as often as you choose, with no prepayment penalty. This example payment does not include amounts for taxes and insurance. The actual payment may be greater. 

Other terms, rates and loan amounts are available.