Comparison Chart

 
 Line of CreditTerm Loan
Product Description A flexible line of credit against the equity in your home that you can draw from when you need it. Borrow a defined amount for a certain period of time. Payments and interest rate is fixed for the life of the loan.
Interest Rate Option Variable with a Fixed Rate Loan Option Fixed
Interest Only Payment Option Yes No
Access to your funds Checks and Eastern Connecticut Savings Bank branches All funds are advanced in one lump sum
Maximum Loan-to-Value % 80% 80%
  Apply View Rates Apply View Rates