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Personal Financial Services

Choice Equity Plan

Amboy Bank's Choice Equity Plan is an "all-purpose" credit plan for today's smart homeowner. Use the equity value of your home to help finance your borrowing needs. As an added bonus, interest may be tax-deductible. Consult your tax advisor to be sure you qualify.

Putting Your Choice Equity Plan to Work

A typical personal revolving line of credit is great when you need to borrow small amounts or you're strapped for cash for a short period of time. A fixed rate loan is generally a better alternative for larger purchases and for borrowing over an extended period of time. Choice Equity is a line and a loan-all in one. It's the only loan you'll ever need!

Apply Online

 or Call 800-942-6269! 


Home Equity 1 year rate guarantee

Here are some examples of how you can use
Amboy's Choice Equity Plan:

($15,000 - $100,000)

  • Credit Card Consolidation
  • Automobile Expenses
  • Household Repairs
  • Department Store purchases

($5,000 - $100,000)

  • Consolidated Debts
  • Automobile Purchase
  • Home Improvements
  • College Tuition

Amboy Advantages

  • One easy application form
  • Waived fee for internet applications 
  • Fast approval (usually within 3 business days)
  • Easy borrowing. Just write checks to borrow on credit line
  • Convert part of your balance to a fixed rate loan with a simple phone call (up to 3 loans totaling $100,000)
  • One monthly statement shows loan and credit line activity
  • Interest may be tax deductible (consult your tax advisor)
  • Easy to switch a current line from another bank to Amboy's Choice Equity Plan

Apply Online

 or Call 800-942-6269!

*Introductory (“Intro”) Annual Percentage Rate (APR) of 3.49% in effect for the first 12 months on balances up to $100,000, with an initial minimum draw of $10,000. During the Intro period, the portion over $100,000, and on all balances after the Intro period, the APR will be Prime plus .50% and may change daily. Prime is highest rate published daily by WSJ. Prime as of 10/31/19 is 4.75%. Lifetime rate floor is 4.00% APR, lifetime cap is 12.99% APR. Min. Line is $15,000, max. $100,000. Annual Fee of $35 waived for the first year. Early termination fee applies if loan is closed in first two years. Available on owner-occupied 1-4 family NJ residences only. Offer may be withdrawn at any time. Subject to credit approval. Additional terms may apply.


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