Personal Loan Rates

Leverage competitive rates on the financing you need
We can help you reach your unique goals

Whenever you need extra money for a specific purchase, ConnectOne's personal loan rates can provide more purchasing power for you and our clients in New York, New Jersey and beyond.

Personal Loans

Product Term Loan Amount Acceptable Collateral Acceptable Lien Position Acceptable Loan to Value Acceptable Debt to Income Ratio Minimum Credit Score Minimum Income Documentation Bank Fees and Closing Costs Paid by Consumer Rate without Auto Detect Rate with Auto Detect
Cash Reserve Revolving $500-$25,000 Collateral Not Applicable Not Applicable Not Applicable 45% 650 Limit < $500 = none. Score < 680 & Credit Limit > $5000 then 1 recent pay stub showing year to date income None 14.00% NA
Personal Unsecured 24 / 36 / 60 Months $2,000-$25,000 Collateral Not Applicable Not Applicable Not Applicable 45% 700 Salaried - 1 recent pay stub showing year to date income. Self employed - Most recent year tax return None 15.00% 14.50%
Personal Secured Commensurate with term of collateral Commensurate with amount of collateral not to exceed $1,000,000 ConnectOne Passbook Savings or ConnectOne Certificate of Deposit 1st Lien Position 95% value of account used as collateral DTI Not Applicable 650 Documentation not required None Greater of Prime Rate or 2% over book rate NA

Personal Credit Card

Product Term Loan Amount Acceptable Collateral Acceptable Lien Position Acceptable Loan to Value Acceptable Debt to Income Ratio Minimum Credit Score Minimum Income Documentation Bank Fees and Closing Costs Paid by Consumer Rate without Auto Detect Rate with Auto Detect
Personal Credit Card Revolving $500-$50,000 Collateral Not Applicable Not Applicable Not Applicable 45% 650 none. Score < 680 & Credit Limit > $10,000 then 1 recent pay stub showing year to date income None Variable - Prime + 5.9% NA

Auto Loans

Product Term Loan Amount Acceptable Collateral Acceptable Lien Position Acceptable Loan to Value Acceptable Debt to Income Ratio Minimum Credit Score Minimum Income Documentation Bank Fees and Closing Costs Paid by Consumer Rate without Auto Detect Rate with Auto Detect
Auto - New 12 / 24 / 36 / 48 / 60 months $2500-$100,000 Automobiles for non-commercial use 1st Lien Position 80% Loan to Value - Borrower(s) must put 20% down 45% 650 Salaried - 1 recent pay stub showing year to date income. Self emplyed - Most recent year tax return None, however borrower(s) responsible for all applicable DMV fees and taxes 12-36 Mo = 6.25% 48 months = 6.50% 60 months = 6.75% 12-36 Mo = 5.75% 48 months = 6.00% 60 months = 6.25%
Auto - Used 12 / 24 / 36 / 48 months $2500-$100,000 Automobiles for non-commercial use - Maximum age = 6 years 1st Lien Position 80% Loan to Value - Borrower(s) must put 20% down 45% 650 Salaried - 1 recent pay stub showing year to date income. Self emplyed - Most recent year tax return None, however borrower(s) responsible for all applicable DMV fees and taxes 12-36 Mo = 7.00% 48 months = 7.50% 12-36 Mo = 6.50% 48 months = 7.00%

HELOC and Home Equity Loans

Product Term Loan Amount Acceptable Collateral Acceptable Lien Position Acceptable Loan to Value Acceptable Debt to Income Ratio Minimum Credit Score Minimum Income Documentation Bank Fees and Closing Costs Paid by Consumer Rate without Auto Detect Rate with Auto Detect
Home Equity Line Draw Period 5 Years / Interest Only Minimum Payment required for first 5 years / Any balance remaining after draw period ends will fully amortize over 10 years $2500-$1,000,000 1-4 family owner occupied and 1 family vacation homes 1st and 2nd lien position 75% LTV / CLTV 43% 650 Salaried - recent pay stubs covering 1 full month income plus last 2 years w-2's & federal tax returns. Self Employed - Most recent 2 years personal and business returns If line is paid and closed within the 1st 2 years and average usage is less than 50% of line, an early termination fee of $2500 may apply. Appraisal fees applicable for lines > $250,000. Title Insurance required for lines in 1st lien position where credit limit is >= $150K Prime + .50 Floor rate = Prime, Max Rate = 16% Prime. Floor rate = Prime, Max Rate = 16%
Home Equity Loan 12 / 24 / 36 / 48 months $2500-$1,000,000 1-4 family owner occupied and 1 family vacation homes 1st and 2nd lien position 75% LTV / CLTV 43% 650 last 2 years w-2's & federal tax returns. Self Employed - Most recent 2 years personal and business returns Appraisal fees applicable for loans > $250,000. Title Insurance required for lines in 1st lien position and loan is >= $150K 60 months = 6.50% 120 months = 6.75% 60 months = 7.00% 60 months = 6.00% 120 months = 6.25% 60 months = 6.50%

How can we help you?

Contact a ConnectOne Bank representative to learn more.

You come first. We aren't like those other banks.

At ConnectOne Bank, we understand that little things matter and focus on those things when providing personal and business banking solutions for our clients.