Equity Plus | Overdraft Protection | Auto Loans | Personal Loans | MasterCard | Boat Loans
Whether you are looking for a Consumer Loan, Equity Line, or MasterCard, Rockport National Bank can put together a program to fit your particular needs and budget. Use our convenient Loan Calculator to help you calculate payment information.
Home Equity Line of Credit with Fixed-Rate Option**
- No Points
- Fixed Rate/Lock-In Option
- Flexible – Combines Variable Line and Fixed Rate Loans
- No Annual Fees
Our unique “Equity Plus” not only provides the convenience of a variable rate Home Equity Line of Credit, but also the ability to fix the rate, payment, and term on all or a portion of your Home Equity Line, while keeping the variable portion open for additional use. The Fixed Rate Loan option is available when needed, without re-applying or re-financing. As the loan principal is reduced the line will increase and become available for use at the current variable rate. The minimum Fixed Rate Lock-In amount is $10,000.00, with a regular principal and interest payment and a term of no more than 10 years, not to exceed the maturity date of the mortgage. The “locked in” payment must be automatically withdrawn from a Rockport National Bank account. Please call or stop in and see a Customer Service Representative for more details.
Our MASTERCARD offers great benefits and a low rate with no annual fee. You can also enjoy the convenience of managing and paying your Rockport National MASTERCARD account online! Click Here to Log In.
When the New England weather has taken its toll on your car, we’ll finance both new and used cars with flexible terms that suit your needs. Our fast turnaround will save you time. Our low fixed rates will save you money.
Financing is available to qualified buyers for the purchase of new and used boats at competitive fixed rates.Back to top
With a convenient revolving cash reserve line, linked to your RNB checking account, funds are automatically advanced, in $100 increments, to cover your overdraft (up to the amount of your credit limit). Don’t be caught short again!
We also offer personal unsecured installment loans. Please call a Customer Service Specialist for more information.
** The “Equity Plus” Revolving Line of Credit has a Variable Annual Percentage Rate (APR) equal to the Wall St. Journal Prime (WSJP) less .50% for lines of 50,000 or more. Lines less than $50,000 have a variable APR equal to the WSJP plus 1.00%. There is a .25% discount on the variable loan payment when it is deducted from a Rockport National Bank account. For loans $10,000 or more, the Fixed Rate/Lock-In portion is equal to the WSJP less .75%. A maximum of 5 rate locks are allowed. The first rate lock is free; each additional lock is $75.00. The loan to value ratio cannot exceed 80%. Eligible on 1-4 owner-occupied residences only. Property insurance required. The Revolving Line of Credit is subject to a floor rate 5.50%. There is a lifetime interest cap of 18%.There is a penalty for early termination, defined as within 12 months. The rate/offer is subject to change without notice. Closing costs apply. The Equity Plus program is for new lines only. Existing RNB Rockline customers can switch to the new program by signing a Change of Terms and Conditions Form and paying a $100.00 fee. The interest you pay may be tax deductible, so please consult your tax advisor.
