Personal Loans and Lines of Credit
South Atlantic Bank offers a variety of loan services to meet your personal borrowing needs. From home mortgages to loans and lines of credit, we’ll design a package that will work for your individual circumstances.
Buying a home is a big financial decision which means you need the mortgage team at South Atlantic Bank working for you. Whether you are financing your home purchase or refinancing an existing mortgage, the right loan officer can make all the difference from application to closing!
Our mortgage loan professionals will listen carefully to fully understand your needs and then guide you through the process with courtesy and accuracy. We offer a variety of products including traditional fixed rate loans, adjustable rate mortgages, and jumbo loans.
You can be assured that South Atlantic Bank offers competitive rates and terms. Visit our Mortgage Loan Center or any of our six locations for assistance.
South Atlantic Bank offers secured loans with a minimum loan amount of $5,000. Loans may be secured with a variety of collateral. For more information, please stop by any of our six locations to speak with a loan officer.
Use the equity you have built up in your home to help with upcoming expenses or unexpected emergencies.
With our Home Equity Credit Line, you can write yourself a loan anytime you need money. Check out the following features of our product and visit a nearby officer for more information.
- Minimum loan amount of $10,000
- 15-year term
- Your choice of monthly payment options – interest only or 1.5% of the outstanding balance
- Access funds by writing a check or with a debit card
- No origination fee
- Interest on a home equity credit line may be tax deductible. (Consult your tax advisor for further information.)
- Attorney closing required
- Appraisal required
- Variable interest rate
Ready to purchase a car or finally taking the plunge to buy a boat? South Atlantic Bank can help with our flexible auto and recreational vehicle loans. Stop by any of our convenient locations to speak with a loan officer.
Never worry about overdrafts again when you link your checking account to a Ready Reserve line of credit. Funds are transferred to your account in increments of $100 when needed. There is no fee for the transfer, but interest will accrue on the outstanding balance. You can pay off the line at any time before the due date if you like. Otherwise, a minimum requirement payment of 3% or $25, whichever is greater, will be automatically drafted from your checking account each month.