Loan Rates

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*Annual Percentage Rate effective 4/30/2020 and may change at any time. Introductory 2.99% APR is fixed for 12 months and variable thereafter. Variable APR equal to the Wall Street Journal Prime Rate (Prime currently 3.25%) minus 0.25% (currently 3.00%) with a minimum APR of 3.75% and a maximum APR of 18%. All lines are subject to credit approval. APR applies to lines located in NJ and PA up to $1,000,000 on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%); and lines up to $1,000,000 on owner occupied condominiums (LTV ratio cannot exceed 75%).  Investment properties, co-ops, vacant land and properties listed for sale are not eligible.   Other rates and terms are available. Appraisal fees apply for lines over $500,000 and typically range from $300 to $1,500. $400 fee if Line is canceled within the first 36 months. NJ and PA residents will be charged a $75 mortgage recording fee at the time of closing. Homeowner’s property insurance is required; flood insurance may be required. Title insurance may be required on loans over $750,000.

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*Annual Percentage Rate effective 4/30/2020 and may change at any time. Variable APR equal to the Wall Street Journal Prime Rate (Prime currently 3.25%) minus 0.25% (currently 3.00%) with a minimum APR of 3.75% and a maximum APR of 18%. All lines are subject to credit approval. APR applies to lines $10,000 to $1,000,000 on 1-4 family owner-occupied primary residences (loan-to-value (LTV) ratio cannot exceed 80%). Investment properties, co-ops, vacant land, and properties listed for sale are not eligible. Other rates and terms are available.

Homeowner’s property insurance is required; flood insurance may be required.Title insurance may be required on loans over $750,000.Third-party fees are paid by the bank for lines up to $250,000, and include but are not limited to, mortgage recording tax, mortgage recording fee, appraisal/property valuation fees, credit report, flood and property searches. If the line is terminated and closed within 36 months of opening, the borrower will be required to reimburse the bank any third-party fees that were paid in connection with this line. These third party fees can range between $327 and $9,200.

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*Annual Percentage Rate (APR) applies to loans for home improvement purposes on 1-4 family, owner-occupied homes and includes a .25% rate discount for payments automatically debited from a Lakeland Bank personal checking account. Rate without auto-debit is 6.74%. Proof of primary occupancy and homeownership required. All loans are subject to credit approval.

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*Annual Percentage Rate (APR) applies to loans for home improvement purposes on 1-4 family, owner-occupied homes and includes a .25% rate discount for payments automatically debited from a Lakeland Bank personal checking account. Rate without auto-debit is 6.49%. Proof of primary occupancy and homeownership required. All loans are subject to credit approval.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.

Motor Vehicle Recording Fee of $85.00 is due and payable at time of closing. This fee will be refunded if we receive the title with our lien already in place.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.

Motor Vehicle Recording Fee of $85.00 is due and payable at time of closing. This fee will be refunded if we receive the title with our lien already in place.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.

Motor Vehicle Recording Fee of $85 is due and payable at time of closing. This fee will be refunded if we receive the title with our lien already in place.

How to Apply

Foreign and Domestic Auto/Truck, for personal use only. Any vehicle with over 5,000 miles is considered a used vehicle.

†Contact your local branch office for more details. All loans are subject to credit approval.

*The APR includes a .25% discount for having the loan payments automatically deducted from a Lakeland Bank checking or statement savings account. The APR will increase, if at any time during the term of the loan, the automatic payment deduction is discontinued.