Mobile Banking

Bank anytime and anywhere with Mobile Banking.

Learn More >

Purchase the Home
of Your Dreams!

Royal Banks of Missouri has the mortgage program designed to meet the needs of your individual financial situation.

Learn More 

Totally free checking
that treats you
like royalty

Learn More 

Online Banking

Take care of all your business’ financial needs with just one click!

Learn More >

Personal Banking

Skip Navigation LinksPersonal Banking | Home Equity & Other Loans | Fixed Loans

Fixed Loans

If you are worried about rates going up, the fixed-rate Home Equity Line of Credit is perfect for you. If rates are on the rise, with a fixed-rate loan, you will be locked into your rate through the term of your loan. You can open this with a smaller minimum balance than the Floating Rate Line of Credit.

 

Rate Rate will remain fixed for term of note 6.75% APR
Closing Cost No closing cost provided line stays open for 2 years $0.00
Minimum Line Amount In order to get the advertised special rate $10,000.00
Length of Note Home equity Line of Credit will remain open for the length of the note 5 years

 

New money only. Hazard Insurance required. After 5 year is up, loan can either be paid off or renewed at current fixed rate. A.P.R. is equal to Annual Percentage Yield.

Convenience:

  • Perfect for providing you with the flexibility of accessing your funds for things such as home improvements, education, or debt consolidation
  • Home Equity Credit Line is a 5-year note
  • Your minimum monthly payment is the accrued interest.  You can pay as much principal payment each month as you desire without penalty*

*A balloon payment will result in you having to repay the entire outstanding Loan Balance in a Single Payment at time of maturity

Flexibility:

  • Minimum loan is $10,000.00.  The maximum loan amount is 80% of the appraised value of your home minus your last mortgage

Savings:

  • Potential Tax savings- Interest paid on your Home Equity Line of Credit may be tax deductible.  Consult your tax advisor regarding the deductibility of interest

Bonus:

  • You can access your Home Equity Line of Credit through Royal Banks Checks or through a convenience check mailing

Copyright © Royal Banks of Missouri. All rights reserved.
FDIC Equal Housing Lender Verisign