Home Equity Line of Credit
*The introductory fixed Annual Percentage Rate (APR) shown equates to Prime minus 1.26%. This APR will apply to the first six (6) full billing cycles after closing. Thereafter the APR will be at Prime minus 0.26%. Rate as shown for lines of $50,000-$250,000 and automatic payment (direct debit) from a Royal Bank America (RBA) checking account and a draw of $15000 within the first 30 days after closing. Rates are 1.00% higher without direct debit and 1.00% higher without a draw in the first 30 days. APR is a variable rate and is subject to change. Rates are accurate as of June 22, 2015 and are based on Wall Street Journal Prime (3.25% as of 06/22/15). Applications must be completed and received by September 30, 2015. Minimum APR is 2%. Maximum APR is 18%. No application/annual/closing fees apply. A late charge of 5% of the past due payment will be assessed if your payment is past due. All loans are subject to credit approval by RBA. Maximum loan to value (LTV) is 80% for primary, in-market residences only. Property insurance is required. You may not use this home equity line for commercial purposes. Other Rates and Terms Available. Please visit royalbankamerica.com or one of our convenient branches to speak with a bank representative. NMLS 883925.