Whether you're looking to make a big purchase, have an unexpected expense, or need to consolidate current debt, Cedar Rapids Bank & Trust has a variety of financing options customized for you.
Please Note: Cedar Rapids Bank and Trust Company originates loans in Eastern Iowa. If you reside outside of Eastern Iowa, please contact Cedar Rapids Bank and Trust Company at 319-862-2728 and ask to speak with a loan officer. You may also email firstname.lastname@example.org with your inquiry.
Community Bank and Trust, a Division of Cedar Rapids Bank and Trust Company, originates loans in Eastern Iowa. If you reside outside of Eastern Iowa, please contact Community Bank and Trust at 319-291-2000 and ask to speak with a loan officer. You may also email email@example.com with your inquiry.
Lines of Credit
Borrow money whenever you need it with a Cedar Rapids Line of Credit. Money is deposited into your account at your request, up to your available credit limit. Contact us at 319.862.2728 to learn more.
|Account Features||Account Features|
|Annual Percentage Rate (APR) for Purchases and Cash Advances||12.20% Annual Percentage Rate may vary. The rate is in effect as of July 1, 2021.|
|Variable Rate Information||Your rate may vary. The rate will be 8.95% spread above the base rate* of Cedar Rapids Bank & Trust, adjusted monthly.|
|Grace Period for Repayment of Balance for Purchases||None|
|Method of Computing Balances for Purchases||Average Daily Balances Including New Advances|
|Processing Fee (one-time)||$50.00|
|Transaction Fee for Cash Advances||None|
Note: Marital status information is not required if applicant is applying for individual, unsecured credit.
* Base Rate equals prime rate as published in The Wall Street Journal.
Cedar Rapids Line of Credit is a revolving line of credit attached to a Cedar Rapids Bank & Trust checking account. Advances in multiples of $50.00, up to the credit limit, are deposited into the checking account at the request of the borrower or whenever the checking account is overdrawn. The minimum payment is 5% of the outstanding loan balance or at least $15.00. The borrower will receive an itemization of the Cedar Rapids Line of Credit activity with the checking account statement. If the borrower does not pay at least the minimum payment by the fifteenth day after the statement date, the minimum payment will be withdrawn from the checking account. Request a Cedar Rapids Line of Credit Agreement for details.