Mortgage & Loans

When it comes to buying a home, or a big expense like a new car or college tuition, getting a loan with knowledgeable, local service and great rates can make the difference between major stress and major excitement. Talk to an RCB lender and find out how we can help.


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Our Lending Options

Fixed Rate Mortgages

A fixed-rate mortgage means your monthly principal and interest payments will stay the same for the life of your loan. A longer-term loan allows for lower monthly payments. With a shorter-term loan, you can repay your loan twice as fast, and save more than half of the total interest costs. Either way, you can count on local services from RCB for the life of your loan. Promise.


Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) might make sense for you if you're only planning to stay in your home only for a short time or if you think your income will increase in the future. With this type of mortgage you can get a lower interest rate and lower payment at the beginning of the loan. The interest rate is fixed for a specific period of time.


Home Equity Loans & Lines of Credit (HELOC)

Our home equity loans and home equity lines of credit (HELOC) are a great way to use the value of your home to do things like make home improvements, take care of unexpected expenses, consolidate debt, or pay for a large expense like college tuition or a new car.

Home Equity Loans & Lines of Credit (HELOC) Video

Auto & Personal Loans

Buying some new wheels? Need to pay off some debt, or make a major purchase? RCB offers auto loans for new and used car purchases as well as personal loans, both with competitive rates and quick approvals for minimal hassle. Let us help you find a loan that works for you.


Student Loans

At RCB, we believe in helping make education more accessible for our customers. If you need a Student Loan to help with the cost of college tuition, RCB can help. See if a CB Student HELP Smart Option Student Loan® by Sallie Mae® is right for you.


Click here for Fixed & Adjustable Mortgage Rates

Today's Rates

For rate disclosures please
click on the Red APR rate.

Personalized Quote

Click here for Home Equity Loans & Lines of Credit rates

Home Equity Line of Credit (HELOC)       
12 Month Discount1       APR2
12 Month Introductory Rate 2.99%3,5
Then Prime minus 0.51% for life of loan 4.99%3,5
 Prime For Life  5.50%4,5

Minimum loan amount is $25,000
Maximum loan amount is $750,000
Maximum LTV of 80%
10 Year Draw - 15 Year Repayment - 25 Year Term

Fixed Rate Home Equity Loans          
(Loans up to $350,000)       
Term Rate                       APR 2
5 Year 4.500% 4.760%
7 Year 4.750% 4.940%
10 Year 5.000% 5.137%
15 Year 5.250% 5.347%
20 Year 5.500% 5.577%

1Requires 720 or Greater Fico Score and auto Pay from an RCB Checking account

2APR (Annual Percentage Rate) - is the annual rate that is charged for borrowing, expressed as a single percentage number that represents the actual yearly costs of funds over the term of the loan. This includes any fees or additional costs associated with the transaction.

312 Month Discount Home Equity Line of Credit

Prime minus .51%; Applicant(s) with a FICO Score equal or greater than 720, an automatic payment withdrawal from a Reading Cooperative Bank checking account will receive the 2.99% introductory APR (Annual Percentage Rate) for the first 12 months following account set up. After the initial rate period, a minimum APR will apply. Current Prime Rate less 0.51% (currently 5.50% - 0.51% = 4.99% APR). This introductory rate offer is subject to change and is limited to one introductory offer per property address and per household and is not eligible for refinancing at the introductory rate.


4Prime for Life Home Equity Line of Credit

If applicant(s) does not meet above mentioned requirements, the Home Equity Prime for Life Product may be available. Refer to the Home Equity Line Disclosure: Prime for Life below for details.


5Variable APR (Annual Percentage Rate) based on the Wall Street Journal Prime Rate published on the last business day of the month 5.50% as of 12/20/2018. Rates are subject to change. Maximum APR 18.00%. An initial draw of $10,000 is required to be made at closing and remain outstanding for 90-days to waive a $500.00 processing fee. The initial draw excludes any payoff to an existing loan with Reading Cooperative Bank. Interest only payments for initial 10 years, with additional 15 years’ payback of Principal & Interest. Maximum LTV 80%, rate and terms may vary based upon credit history. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner occupied primary residences, and condominiums qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. To open, maintain and discharge a line of credit, you may have to pay certain fees. These fees generally total between $145.00 and $950.00. During the life of the program you will be assessed an Annual Fee of $50.00 on the anniversary date of the loan. An early termination fee of $500.00 applies for lines closed within thirty-six (36) months from date of closing.

Click here for Auto & Personal Loans

Auto Loans - New1 or Used2

New Cars with model year 2018


Interest Rate 3

Payment per $1000

48 Month



60 Month



72 Month



Used Cars with model years 2013 - 2017


Interest Rate 3

Payment per $1000

36 Month



48 Month



Recreational Vehicles - New1 or Used2



Payment per $1000

36 Months (maximum)



Personal Loans - On Demand



Payment per $1000

Revolving Line of Credit



Term Loan4   36-month (max)5



Passbook Collateral Loans

Secured By


Certificate of Deposit6

Rate on CD Passbook Account Plus 4.00%

Passbook Savings Account6

Rate on Passbook Savings Account Plus 2.00%

1 New vehicles - maximum of 95% of Purchase Price (must have less than 6,000 miles and be titled). Loans up to $50,000, max term 6 years    for new cars (2018 model year). 
2 Used vehicles - maximum of 80% of Purchase Price or NADA blue book value, whichever is less (autos with model years not older than 5 years - currently 2013). 
3 25bp discount for vehicle loans set up with monthly automatic payments from RCB deposit account. 
4 Loan is fully amortizing. 
5 Minimum Loan Amount $500. Maximum loan amount $10,000. 
6 Finance up to 95% of Account Balance - Account must be at RCB.

Rates and terms are effective as of February 20, 2018 and are subject to change at any time without notice.

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Know before you go

<p>we're old hands at the new home thing</p>

we're old hands at the new home thing

RCB's been lending money to homeowners in our community since 1886.

<p>saving for your dream home?</p>

saving for your dream home?

Your down payment doesn't have to be a downer. We can help you get a plan together.

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