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Personal Banking / Loans
New Mexico Bank & Trust offers a variety of loan packages with competitive rates and terms.
Consumers can apply over the phone or in person and, because we make our decisions locally, expect a quick response.
| Home Equity Line of Credit |
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A convenient credit tool that allows ready access to the equity in your home.
Once you establish your Home Equity Line of Credit, you have credit at your
fingertips whenever you need it - no need to reapply each time you borrow against
the equity in your home. Use your Home Equity Line of Credit for home improvements -
purchase materials as needed throughout the project. With a Home Equity line of Credit,
you can take that big vacation you've always wanted or, pay for education costs as they
are incurred. The interest rate is variable, so your payment amount may fluctuate from
month-to-month, but may be lower than for other types of revolving credit, like credit cards.
Interest you pay may be fully tax deductible, just ask your tax advisor. |
| Fixed Rate Home Equity Loan |
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When a regular monthly payment amount is important to you, a Fixed Rate Home Equity may be
the right choice. Your fixed rate and payment amounts stay the same for the life of your loan.
Helpful for major purchases like a car, boat, second home or consolidating bills. Flexible terms
are available and there's no pre-payment penalty if you decide to pay off your loan early. Interest
you pay may be fully tax deductible, just ask your tax advisor. |
| VIP Line of Credit |
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Up to $100,000 of personal credit |
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Large net worth required |
| Personal Loan |
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For consumers without home equity |
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$5,000 minimum loan amount |
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Secured or unsecured |
| Bill Consolidation Loan |
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Up to $10,000 loan amount |
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Must have good credit |
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