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Brainerd Savings offers the Interest Only Line of Credit. Take control over one of your most important assets — your home. When you use your home's equity to open a line of credit, you open up a world of opportunity. Whether you're looking to finance a college education, buy a car, build an addition, or take a memorable vacation, our loan officers will work with you to tailor a line of credit to meet your needs.

Our Interest Only Line of Credit provides you with an attractive option for your financial needs.


'Interest Only' paid monthly based on outstanding balance of the line

Get the cash you need at anytime by simply writing a check

No closing costs (unless an appraisal is needed)

Interest rate based on prime lending rate as listed in the Wall Street Journal

$15,000 minimum loan amount

Fast and easy

Contact one of our loan officers today and take control of the equity in your home.

HOME EQUITY LOANS as low as 6.74% apr *

Use the equity in your home to pay for college tuition, automobiles, or to refinance high-interest credit card debt. The choice is yours. The interest may be tax deductible.

At Brainerd Savings & Loan we strive to help meet the financial goals of the families we serve through competitively priced lending and deposit products. We're here to help you and your family with all your financial needs.

*APR = annual percentage rate. Rates effective as of 09/01/06.Certain restrictions apply. Consult your tax advisor with questions regarding interest tax deductibility.

For more information, click here.

 

218.829.5183
Phone Banking: Toll Free 1.866.661.3338
Email: bsl@brainerdsavings.com

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