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Article: SANWA BANK CALIFORNIA TO KICKOFF SPRING HOME EQUITY PLUS CAMPAIGN WITH LOW INITIAL INTEREST RATE
- Article from:
- PR Newswire
- Article date:
- March 22, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif., March 22 /PRNewswire/ -- Aggressively seeking to enlarge its share of the state's home equity financing market, Sanwa Bank California today said it will offer a home equity loan with an initial start rate of 6.40 percent for the first six months (8.19 percent APR), one of the lowest initial interest rates available from any major bank.
The loan, which is available as both a variable-rate or fixed-rate loan, can range from $5,000 to $150,000 based on a home's equity. In addition to the low variable rate, Sanwa's fixed-rate home equity loan also is one of the lowest available at 9.9 APR. In both cases, there are no points and no closing costs. Other ...