Lines of Credit
Village Bank is proud to offer a variety of products and services that aid in your financial growth. Lines of Credit in particular are services that have helped many of our customers reach their goals and are easy and convenient to use.
Personal Lines of Credit
Personal lines of credit are small unsecured loans which advance into your checking account to cover overdrafts. When the funds are advanced, the standard overdraft charge of $32 per item will not be assessed. Simply pay interest on the advanced money until you pay the outstanding balance in full. However, if you become overdrawn in your account and have no money available on your personal line, the standard fees may apply.
Lines of credit are subject to approval. For further information, please visit a relationship banker at a location near you.
Home Equity Line of Credit
Home equity lines of credit are secured by a home mortgage, the attainable loan amounts are much greater. A home equity line can be used for an array of purposes including home improvements, a new car or recreational vehicle, or a dream vacation.