Loan and Mortgage Rates
Rates are subject to change without notice. APR is defined to mean Annual Percentage Rate. $ per $1,000 means monthly payment per $1,000 borrowed. If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums. Actual payments will be greater.
Residential Mortgages
| Rate | APR | $ per $1,000 | Terms | |
|---|---|---|---|---|
| Fixed and Variable Rate Mortgages | View current rates and terms |
Fixed Rate Home Equity Loans1
Effective Date: Friday, September 20, 2019
| Rate | APR | $ per $1,000 | Terms | ||
|---|---|---|---|---|---|
| 5 Year (60 Months) | 5.00% | 5.00% | $18.87 | Rate with automatic payment from your Salisbury Bank checking account.3 | Apply |
| 7 Year (84 Months) | 5.25% | 5.25% | $14.25 | Rate with automatic payment from your Salisbury Bank checking account.3 | Apply |
| 10 Year (120 Months) | 5.50% | 5.50% | $10.85 | Rate with automatic payment from your Salisbury Bank checking account.3 | Apply |
| 5 Year (60 Months) | 5.125% | 5.125% | $18.93 | Apply | |
| 7 Year (84 Months) | 5.375% | 5.375% | $14.31 | Apply | |
| 10 Year (120 Months) | 5.625% | 5.625% | $10.92 | Apply |
If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums. Actual payments will be greater.
Geographic restrictions apply. For more information about consumer loans contact us.
1Home Equity Loans available only for 1-4 family owner-occupied homes and approved condominiums located in selected geographies in Connecticut, Massachusetts and New York and are not available on cooperatives or properties listed for sale. The Home Equity loan is not a revolving line of credit, but a term loan, which will result in a mortgage on the home. Flood insurance may be required. Minimum loan amount is $25,000. Maximum loan amount is $100,000. Subject to credit approval. Loan program and rates apply to applicants with FICO scores of 700 or higher. Other loan programs available. For loan requests with a Salisbury Bank first mortgage you can borrow up to 80% of the equity in your home (70% for loan requests without a Salisbury Bank first mortgage). There is a $500.00 application fee. New York State mortgage tax applies to loans secured by property located in New York State. Property insurance is required. Consult your tax advisor regarding the deductibility of interest.
3Rate with automatic payment from your Salisbury Bank checking account. This discount only applies for as long as you continue automatic deductions. Rate discounts are subject to change without notice. Normal checking account service charges may apply; please refer to specific account disclosures for details
Home Equity Line of Credit1
Effective Date: Friday, September 20, 2019
| Rate | APR | $ per $1,000 | Terms |
|---|---|---|---|
| View current rates and terms | Apply |
Geographic restrictions apply. For more information about home equity lines of credit, contact us.
1Home Equity Lines of Credit are available only for 1-4 family owner-occupied homes and approved condominiums located in selected geographies in Connecticut, Massachusetts and New York and are not available on cooperatives or properties listed for sale. The Home Equity Line of Credit is a revolving line of credit which will result in a mortgage on the home. Flood insurance may be required. Minimum loan amount is $10,000. Maximum loan amount is $150,000. Subject to credit approval. Other loan programs available. For loan requests with a Salisbury Bank first mortgage you can borrow up to 80% of the equity in your home (70% for loan requests without a Salisbury Bank first mortgage). There is a $100.00 application fee. New York State mortgage tax applies to loans secured by property located in New York State. Property insurance is required. Consult your tax advisor regarding the deductibility of interest.
Home Improvement Loans1
Effective Date: Friday, September 20, 2019
| Rate | APR | $ per $1,000 | Terms | ||
|---|---|---|---|---|---|
| 36 Months | 3.99% | 3.99% | $29.52 | Unsecured, with automatic payment from your Salisbury Bank checking account.2 | How to Apply |
| 48 Months | 4.50% | 4.50% | $22.80 | Unsecured, with automatic payment from your Salisbury Bank checking account.2 | How to Apply |
| 60 Months | 4.99% | 4.99% | $18.87 | Unsecured, with automatic payment from your Salisbury Bank checking account.2 | How to Apply |
| 36 Months | 4.99% | 4.99% | $29.97 | Unsecured | How to Apply |
| 48 Months | 5.50% | 5.50% | $23.26 | Unsecured | How to Apply |
| 60 Months | 5.99% | 5.99% | $19.33 | Unsecured | How to Apply |
Geographic restrictions apply. For more information about home improvement loans contact us.
1Subject to credit approval. Loan program and rates apply to applicants with FICO scores of 700 or higher. Other loan programs are available. Additional terms and conditions may apply. Loan proceeds available for improvements to1-4 family primary and secondary owner-occupied residences only. Minimum loan amount is $1,000. Maximum loan amount is $25,000.
2Rate with automatic payment from your Salisbury Bank checking account. This discount only applies for as long as you continue automatic deductions. Rate discounts are subject to change without notice. Normal checking account service charges may apply; please refer to specific account disclosures for details.
Consumer Loans
Effective Date: Friday, September 20, 2019
| Fixed Rate | Rate | APR | $ per $1,000 | Terms | |
|---|---|---|---|---|---|
| Salisbury Bank Deposit Secured Loan | 4.50% | 4.50% | $18.64 | 60 months Max 95% LTV | How to Apply |
| Home Improvement Loan | 6.99% | 6.99% | $19.80 | 60 months, unsecured Max loan amount $10,000.00 | How to Apply |
| New Auto Loan | 4.25% | 4.25% | $22.69 | Up to 48 months Max 90% LTV | How to Apply |
| New Auto Loan | 4.50% | 4.50% | $18.64 | Up to 60 months Max 90% LTV | How to Apply |
| Used Auto Loan (2014-2018) | 5.00% | 5.00% | $18.87 | Up to 60 months Max 90% LTV | How to Apply |
| Used Auto Loan (2010-2013) | 5.25% | 5.25% | $30.08 | Up to 36 months Max 90% LTV | How to Apply |
| Personal Loan | 15.00% | 15.00% | $34.67 | 36 months, unsecured | How to Apply |
Geographic restrictions apply. For more information about consumer loans contact us.
