Webster Bank

Webster Bank is based out of Waterbury, Connecticut, and is the second largest Connecticut-based bank and the 42nd largest in the United States. Webster Bank was founded in 1935 by Harold Webster Smith, who served as CEO until 1987.  Webster Bank has over $17.5 billion in assets, and has 153 branches and 291 ATMS located in Connecticut, Massachusetts, Rhode Island and Westchester County, NY.

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For those consumers who are interested in consolidating their high-interest credit card balances and other debt, Webster Bank has lending programs and services to meet both your personal and financial needs.  Features and benefits of these attractive and competitive lending solutions include:

Home Equity Line of Credit

• Revolving Line of Credit secured by any amount of equity in your home;
• Credit Lines from $10,000 to $500,000;
• Flexible repayment terms;
• Low interest rate;
• Low annual fee (waived for the first year);
• As you repay the balance, that money becomes available again to use;
• Interest may be tax deductible (consult your tax advisor);
• Write a check at any time—for any amount—up to your credit limit;
• Transfer money online from your Home Equity Line of Credit to your Webster checking account.

Consolidate your debt and lower your monthly payments now >>

Home Equity Loan
A loan secured by the equity in your home. A Home Equity Loan gives you a lump sum at a competitive rate. Then, you make monthly payments on the principal and with interest during the term of the loan.

• Loan amounts from $7,500 to $500,000;
• Fixed rate;
• Fixed term;
• Low interest rate;
• Predictable, fixed monthly payments;
• Interest may be tax deductible (consult your tax advisor);
• Use your loan to pay off expensive credit card balances and other bills;
• Make a payment to your Home Equity Loan through an online transfer from your Webster checking account;
• Schedule your monthly payments online to be made automatically to your Home Equity Loan from your Webster checking account;
• Rate reduction of .25% with automatic deduction payments from a Webster Checking account.

Installment Loan
An Installment Loan lets you borrow money to make a purchase and then pay back the loan over time with interest. Use this loan to purchase a car, boat, for home improvements or vacation.

• Fixed rate, pay the same amount each month;
• Automatic payment deductions from Webster checking account.

Consolidate your debt and lower your monthly payments now >>