People's Bank

People's Bank is a financial services company providing consumer, commercial, insurance, retail investment and trust services to personal and business banking customers. Founded in 1842, it is one of the largest independent banks in Connecticut with assets of $11 billion.  Peoples Bank has more than 150 branches and over 240 ATMs, and is the official banking partner of the University of Connecticut—Division of Athletics.

People’s Bank offers a wide selection of banking and lending products, designed to meet the needs of its valued customers.  Thos customers interested in consolidating their debt—while saving money in the process—have several options to choose from. 

Consolidate your debt and lower your monthly payments now >>

Highlights of People's Bank products include:

Home Equity Loan

• An installment term loan, secured by a mortgage against the property;
• No points, no closing costs, no application fees;
• Repayment terms from five to 20 years;
• Fixed interest rate
• Interest may be tax deductible (consult your tax advisor);
• Eligible properties include owner occupied, 1-4 family and approved condominiums;
  Available only in Connecticut;
• Borrowing limits from $10,000 to $500,000;
• $500,000;
• Receive funds in one lump sum;
• Borrow up to 80% of the loan-to-value ratio of your home (less existing mortgage balance).

Home Equity Credit Line

• A revolving line of credit, secured by a mortgage against the property;
• No points, no closing costs, no application fees;
• 9 1/2 year draw period followed by a 20 year repayment phase;
• Variable interest rate;
• Interest may be tax deductible (consult your tax advisor);
• Eligible properties include owner occupied, 1-4 family and approved condominiums;
• Available only in Connecticut;
• Borrowing limits from $10,000 to $500,000;
• Interest only payment option available;
• Borrow up to 80% of the loan-to-value ratio of your home (less existing mortgage balance).

Personal Loan

• Pay off your high-rate balances with a fixed, low rate;
• Choose your loan amount and monthly payments;
• Use your loan to make home improvements, take a vacation, pay tuition, and more;
• For loans from $2,500 to $5,000
  • Maximum repayment term of 36 months;
  • Interest rate of 13.99%;
• For loans from $5,001 to $10,000
  • Maximum repayment terms of 48 months;
  • Interest rate of 13.99%.

Consolidate your debt and lower your monthly payments now >>