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Introductory Rate
5.50%APR
6-Month Fixed APR**
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Competitively priced at
7.25%APR
Thereafter*** |
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* Closing costs will be charged if the
loan is closed during the first three years. (Estimated
$500-$2,000 depending on the loan amount).
**The introductory Annual Percentage Rate
(APR) is available on new lines only and available for
only the first 6 months the line is open.
***After the introductory period your APR
is variable and based on Wall Street Journal Prime less
1% (Currently 7.25%). The rate will not exceed 24%.
The APR is indexed to the U.S. Prime Rate as published on
first business day of each month in the “Money Rates”
section of the Wall Street Journal. No other discounts
apply. The Equity line has a ten year draw period
followed by a five year term out of the then balance.
Property insurance is required. Consult tax advisor
regarding the deductibility of interest. Rates subject
to change at any time. Subject to credit approval and
DCB credit guidelines. A minimum draw of $10,000 is
required at settlement.
For
more information stop by one of our
branches
or call
301-368-9153.
Rates as of 6/29/07
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Welcome to Damascus Community Bank’s! We serve our customers to become their #1 financial assistance, whatever their financial goals are. We are confident our loan services will meet your financial needs. As an independent hometown bank, we want to serve our customers’ welfare by providing fair and helpful personal and business options for any occasion.
With your
information security in mind, as well as your convenience and system
efficiency, we have partnered with FundsXpress in providing
an Online Banking product with multi-layered authentication.
As always, keep your Access ID and Passcode secure. Our new security levels will monitor several aspects of the
Online Banking system. When you login into DCB Online from a computer that you don’t normally use to access your account information, additional security measures will display. If your
Online Banking activity ßpattern varies, we may ask you to confirm some information before allowing the process to continue.
We hope you will take a few moments to browse our site and see the many conveniences available. Should you have any questions you may reach us by: calling 301-253-1000, or your local branch office; stopping by any of our offices; by mail at 26500 Ridge Road, P. O. Box 1, Damascus, MD 20872 or by emailing the Bank at admin@damascuscommbank.com. Branch location, contact and hours information is available. We look forward to hearing from you.
