New Car? Debt? Renovations? Pay for it all with a little help from us! Prime Minus .51% Current Variable Rate 4.99%PR* Home Equity Line of Credit Connect with our team today! 860-448-4174 | chelseagroton.com/homeowner EQUAL HOUSING LENDER Member FDIC fin® Chelsea Groton Annual Percentage Rate (APR) will be variable for the life of the loan. Qualification is subject to credit, underwriting and property approval; not all applicants will qualify. Property insurance is required and flood insurance may be required. Property cannot be listed for sale. Other restrictions may apply. Offer valid only in CT and RI. Assumes loan is for owner-occupied 1-to-4 family homes located in CT or RI held in the name of the borrower(s) with a minimum 20% equity; loan amounts of $5,000 to $300,000. The interest-only draw period is 10 years. APR is based on the highest United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period (5.50% as of 07/28/2022) minus -.51. The rate will never be less than the initial rate effective at closing nor more than the lesser of 18% or the maximum permitted by applicable state law. The repayment period is approximately 15 years; during the repayment period, the interest rate is subject to adjustment monthly and will be calculated by adding a margin of -.51 to the United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period. Monthly payments of interest only during the draw period may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Annually, for each period of twelve months during which there are no transactions posted to this account, you will be charged an Inactivity Fee of $50.00. A prepayment penalty will apply if line is closed and discharged within 36 billing cycles for CT properties, 12 billing cycles for RI properties. CT prepayment fee for 1st 24 complete billing cycles is 2% of line credit limit, next 12 complete billing cycles it is 1% of line credit limit. Rl prepayment fee for 1st 12 complete billing cycles is 2% of the outstanding line of credit balance. Contact the Bank for home equity loans without prepayment penalties. No Chelsea Groton application fee, nor closing costs apply. Other restrictions may apply and this offer is subject to change without notice. New Car ? Debt ? Renovations ? Pay for it all with a little help from us ! Prime Minus .51 % Current Variable Rate 4.99 % PR * Home Equity Line of Credit Connect with our team today ! 860-448-4174 | chelseagroton.com/homeowner EQUAL HOUSING LENDER Member FDIC fin® Chelsea Groton Annual Percentage Rate ( APR ) will be variable for the life of the loan . Qualification is subject to credit , underwriting and property approval ; not all applicants will qualify . Property insurance is required and flood insurance may be required . Property cannot be listed for sale . Other restrictions may apply . Offer valid only in CT and RI . Assumes loan is for owner - occupied 1 - to - 4 family homes located in CT or RI held in the name of the borrower ( s ) with a minimum 20 % equity ; loan amounts of $ 5,000 to $ 300,000 . The interest - only draw period is 10 years . APR is based on the highest United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period ( 5.50 % as of 07/28/2022 ) minus -.51 . The rate will never be less than the initial rate effective at closing nor more than the lesser of 18 % or the maximum permitted by applicable state law . The repayment period is approximately 15 years ; during the repayment period , the interest rate is subject to adjustment monthly and will be calculated by adding a margin of -.51 to the United States Prime Rate as published in the Eastern Edition of the Wall Street Journal preceding the start of each monthly billing period . Monthly payments of interest only during the draw period may cause your monthly payment to increase , possibly substantially , once your credit line transitions into the repayment period . Annually , for each period of twelve months during which there are no transactions posted to this account , you will be charged an Inactivity Fee of $ 50.00 . A prepayment penalty will apply if line is closed and discharged within 36 billing cycles for CT properties , 12 billing cycles for RI properties . CT prepayment fee for 1st 24 complete billing cycles is 2 % of line credit limit , next 12 complete billing cycles it is 1 % of line credit limit . Rl prepayment fee for 1st 12 complete billing cycles is 2 % of the outstanding line of credit balance . Contact the Bank for home equity loans without prepayment penalties . No Chelsea Groton application fee , nor closing costs apply . Other restrictions may apply and this offer is subject to change without notice .