Welcome to Peapack-Gladstone Bank

Consumer Loans

There are many reasons for considering a loan. You may want money to pay for home improvements, pay for education, purchase an automobile, pay for a vacation or to help you consolidate debt. Whatever the reason, Peapack-Gladstone Bank offers a full range of financing plans to help make it happen.

Home Equity Fixed Term Loan
By choosing a loan, instead of a line of credit, you lock in a competitive fixed rate, on a specific amount, with fixed payments that will be the same for the life of your loan.

Home Equity Line of Credit
A flexible way to borrow against the equity in your home. When you want to use your money, simply write out a check. A competitive variable rate of interest will be charged only on the amount you use. As you repay your outstanding balance, the funds become available for your use again and again during the draw period.

Program Term Annual Percentage Rate Monthly Payment Example per $1,000
Fixed-Rate Home Equity Loan: First Lien (1,4) Up to 60 Months 3.25% (1) $18.08 (60 Months)
61 - 120 Months 3.875% (1) $10.07 (120 Months)
121 - 180 Months 4.25% (1) $7.52 (180 Months)
181 - 240 Months 4.375% (1) $6.26 (240 Months)
Fixed-Rate Home Equity Loan: Second Lien (1,4) Up to 60 Months 3.25% (1) $18.08 (60 Months)
61 - 120 Months 3.875% (1) $10.07 (120 Months)
121 - 180 Months 4.25% (1) $7.52 (180 Months)
181 - 240 Months 4.99% (1) $6.59 (240 Months)
Home Equity Variable-Rate Line of Credit (2)
Prime Minus .25% 3.50% N/A
(1) APRs are effective as of 04/01/14 , are subject to change without notice and include a discount of .50% for automatic payment from a Peapack-Gladstone Bank checking or savings account. Loans subject to credit approval.

(2) APR effective as of as of 04/01/14 and is subject to change without notice. The APR is based on the Prime Rate as published in the Wall Street Journal as of the first business day of the month and may vary monthly, not to fall below 3.50% and will not exceed the maximum of 16%. The Prime Rate as of 04/01/14 is 3.25% . Maximum LTV is 80%. For loans where total liens exceed $800,000 the LTV is 65%. Terms subject to credit approval and can change without notice. Rates apply to owner occupied residence only. Other conditions apply for lines over $250,000. You must carry insurance on the property that secures this plan. Consult your tax advisor regarding deductibility of interest. Customers may convert all or part of a HELOC balance to a fixed rate Home Equity Loan. Transfers must be completed within draw period. Minimum transfer amount of $10,000. Up to 3 transfers allowed. A processing fee of $100 charged for each transfer. Cancellation Fee: $200 if line cancelled in the first 36 months.

(4) Other conditions may apply for loans over $250,000. APRs apply to owner occupied and second residences only. You must carry insurance on the property that secures this plan.


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Peapack-Gladstone Bank
PO Box 700
Bedminster, NJ 07921
Phone: (908) 234-0700

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