The Commercial & Savings Bank

Consumer Loan Rates

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We reserve the right to change rates, terms, and conditions without notice. Subject to credit approval. 

Spring Home Loan Special!


The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Purchase or Refinance loans must be secured with a 1-4 family, owner-occupied dwelling. Construction loans must be secured with a single family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

Rates shown are for applicants with credit scores greater than or equal to 780. Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
Terms 15/1 ARM: Purchase or Refinance
$150,000 Loan Amount
15/1 ARM: Construction
$240,000 Loan Amount
Max Term (Months) 360 360
Max LTV 1 80% 80%
Points 2  1 1
Simple Interest Rate3  4.740% 4.740%
Example Payment Amount  $781.574 $1,250.517
Example APR 
(as low as)
5.104%5 4.959%8
Estimated Payment6 
(per $1,000 borrowed)
$5.21
$8.34
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan. Minimum fee $999.00. 
3 Variable rate representing a 0.25% rate reduction with an automatic payment from a CSB depository account. Subject to change after consummation with a maximum increase of 6.00% over the life of all ARM loans and subject to a minimum rate equal to the initial rate after the first repricing. 
4 Example payment for a $150,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $150,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1900. PMI (Private Mortgage Insurance) may be required for loans w/LTV's in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.
7 Example payment for a $240,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
8 Annual Percentage Rate (APR) for a $240,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $4702. PMI (Private Mortgage Insurance) may be required for loans w/LTV's in excess of 80%. Other customary closing costs apply.

ARM Rates


Rates, terms, and conditions apply to applications received by May 31, 2022. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

Rates shown are for applicants with credit scores between 680 and 779. Applicants with higher or lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
Terms 1/1 ARM 3/1 ARM 5/1 ARM 15/1 ARM
Max Term (Months) 360 360 360 360
Max LTV 1 80% 80% 80% 80%
Points 2  0 0 0 0
Simple Interest Rate 3 4.750% 4.875% 5.000% 6.000%
Example Payment Amount 4 $782.47 $793.81 $805.23 $899.33
Example APR 5
(as low as)
5.272% 5.225% 5.221% 6.069%
Estimated Payment 6
(per $1,000 borrowed)
$5.22 $5.29 $5.37
$6.00
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan.
3 Variable rate. Subject to change after consummation with a maximum increase of 6.00% over the life of all ARM loans and subject to a minimum rate equal to the initial rate after the first repricing.
4 Example payment for a $150,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $150,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1100. PMI (Private Mortgage Insurance) may be required for loans w/LTV's in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.

ARM reflects an Adjustable Rate Mortgage subject to interest rate changes on a 1 year interval after initial period of 1,3,5, or 15 years.

Maximum loan amount of $647,200. Rates, terms, and conditions apply to applications received by May 27, 2022 and closed no later than July 26, 2022. The bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.

All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.

Terms
30 Year
Max Term - 360 month
Max LTV 1 

80%

80%

Points 2 

0

.750

Simple Interest Rate 3

5.000%

4.875%

Example Payment Amt4

$805.23

$793.81

Example APR 5

5.074%

5.015%

Estimated Payment 6 (Per $1,000 borrowed)

$5.37

$5.29


Terms
20 Year
Max Term - 240 month
Max LTV 1 

80%

80%

Points 2 

0

.375

Simple Interest Rate 3

4.875%

4.750%

Example Payment Amt4

$979.61

$969.34

Example APR 5

4.975%

4.894%

Estimated Payment 6 (Per $1,000 borrowed)

$6.53

$6.46


Terms
15 Year
Max Term - 180 month
Max LTV 1 

80%

80%

Points 2 

0

.500

Simple Interest Rate 3

4.375%

4.250%

Example Payment Amt4

$1,137.93

$1,128.42

Example APR 5

4.500%

4.450%

Estimated Payment 6 (Per $1,000 borrowed)

$7.59

$7.52


1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 Points are equivalent to a certain percentage of your loan amount. One point equals one percent of your loan.
3 Fixed rate.
4 Example payment for a $150,000 loan amortized at the stated simple interest rate over the maximum term. Taxes and insurance not included. Your payment obligation will be higher.
5 Annual Percentage Rate (APR) for a $150,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $1388 (with additional points where indicated). PMI (Private Mortgage Insurance) may be required for loans with LTV in excess of 80%. Other customary closing costs apply.
6 Estimated payment per $1,000 borrowed at the stated simple interest rate amortized over the maximum term.

Rates, terms, and conditions apply to applications received by May 31, 2022. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied dwelling. Proof of hazard insurance is required at closing.


Rates shown are for applicants with a credit score of at least 780.  Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome. Contact a local expert to obtain rates and terms.


Terms 1-5 Yrs 6-10 Yrs

Max LTV - 80% 1,2

Simple Interest Rate 

5.250%

5.375%

Example Variable APR 3

5.792%

5.662%

Example Payment Amount 

$474.65

$269.77

Estimated Payment 4
(Per $1,000 borrowed)

$18.99

$10.79

Max LTV - 90% 1,2

Simple Interest Rate 

8.250%

8.375%

Example Variable APR 3

8.807%

8.679%

Example Payment Amount 

$509.91

$308.30

Estimated Payment 4
(Per $1,000 borrowed)

$20.40

$12.33

 
1 Per CSB policy, Loan-to-Value (LTV) is based on the lesser of the purchase price or appraised value.
2 To qualify for a LTV of 90% or higher, a credit score of 750 is required.
3 Annual Percentage Rate (APR) for a $25,000 loan amortized at the stated simple interest rate over the maximum term. APR includes prepaid finance charges of $325. Total closing costs are $999. Title insurance must be purchased on loans above $250,000 at an additional cost.
4 Estimated payment per $1000 borrowed at the stated simple interest rate over the maximum term.

Rates, terms, and conditions apply to applications received by May 31, 2022. The Bank reserves the right to change rates, terms, and conditions without notice. Subject to credit approval. Loans must be secured with a 1-4 family, owner-occupied residence. The minimum payment will result in a balloon payment at maturity. Proof of hazard insurance is required at closing. Consult your tax adviser regarding interest deductibility.

All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms. Applicants with lower credit scores than those indicated below may have different terms available. 

Product APR and Conditions

HELOC with Maximum of 80% Loan To Value (LTV)

$10,000 - $19,999

5.00 APR (Prime + 1.00) OR 4.75 APR (Prime+.75) representing a .25% rate reduction with an automatic payment from a CSB depository account.* To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores. 

$20,000 - $49,999

4.50 APR (Prime + .50) OR 4.25 APR (Prime+ .25) representing a .25% rate reduction with an automatic payment from a CSB depository account.** To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores.

$50,000 - above

4.25 APR (Prime + .25) OR 4.00 APR (Prime + 0) representing a .25% rate reduction with an automatic payment from a CSB depository account.*** To obtain these rates, a credit score of 720 or higher is required.
Higher rates apply for lower credit scores.

$50,000 - above

4.00 APR (Prime + 0) OR 3.75 APR (Prime - .25) representing a .25% rate reduction with an automatic payment from a CSB depository account.*** To obtain these rates, a credit score of 760 or higher is required.
Higher rates apply for lower credit scores.

HELOC with Maximum of 60% Loan To Value (LTV)

$50,000 - above

3.75 APR (Prime - .25) OR 3.50 APR (Prime -.50) representing a .25% rate reduction with an automatic payment from a CSB depository account.**** To obtain these rates, a credit score of 760 or higher is required.
Higher rates apply for lower credit scores. 

 
Minimum loan balance $10,000.
*The annual percentage rate will not be less than 4.25% (floor) with a maximum of 18% over the lifetime of the loan.
**The annual percentage rate will not be less than 3.75% (floor) with a maximum of 18% over the lifetime of the loan.
***The annual percentage rate will not be less than 3.50% (floor) with a maximum of 18% over the lifetime of the loan.
****The annual percentage rate will not be less than 3.25% (floor) with a maximum of 18% over the lifetime of the loan.

 

1 Per CSB policy, Loan-to-Value is based on the lesser of the purchase price or appraised value.
2 Variable rate Annual Percentage Rate (APR). Subject to change after consummation.
3 A $75.00 annual fee will be assessed upon the first anniversary date of account opening and annually thereafter.
4 If paid off and closed within the first 3 years, a pre-payment penalty of $200 on lines less than $20,000 and $400 on lines $20,000 or greater will be assessed.
5 Appraisal and underwriting restrictions apply. Lines with other Loan-to-Value limits are available. Please contact your CSB loan officer for details.

Direct Auto Financing Rates

Rates shown are for applicants with credit scores of 720 or higher. Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
 
Product Credit Score Term Months Simple Interest Rate
(As low as)
APR

New Vehicles

NEW
720+
up to 36 promo
3.99%
4.578%*
NEW
720+
up to 66 promo
4.24%
4.573%*
NEW
720+
72 Months
4.49%
4.798%*

Used Vehicles

2018-2022
 720+
60 promo
4.24%
4.603%*
2018-2022
 720+
72 promo
4.49%
4.798%*
2015-2017
 720+
60 promo
4.99%
5.357%*
2014-older (< $15,000)
 720+
36 Months
6.75%
7.354%*
2014-older (>= $15,000)
 720+
48 Months
6.75%
7.213%*

Payment Example:
An auto loan of $20,000 for 72 months at a rate of 4.49% and an APR of 4.798% would have a payment of $320.61. $175.00 Loan Documentation fee and other fees financed. Other fees include 15.00 Title Registration fee and $9.00 VSI Insurance fee. Higher rates available for used units and credit scores below 720.


*Example APRs based loan amount of $20,199.00. Loan amount is based on a $20,000 purchase price, $175 loan documentation fee and $24 additional non-APR fees.


Secured Loan Products

Rates shown are for applicants with credit scores of 700 or higher. Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
 
Product Credit Score Term Months Simple Interest Rate
(As low as)
APR

Lawn/Garden/Buggies/New UCC secured Storage Barns and other UCC collateral


New
700+
60
6.50%
7.224%*

Used
700+
48
7.50%
8.395%*

Motorcycles/ATVs/Snowmobiles


New
700+
60
6.50%
7.224%*

Used
700+
48
7.50%
8.395%*

Boats & Motorhomes


New
700+
120
7.00%
7.196%**

Used
700+
84
8.00%
8.201%**


Payment Examples:  

A new Lawn/Garden equipment  loan of $10,000 for 60 months at a rate of 6.50% and an APR* of 7.224% would have a payment of $199.52. $175.00 Loan Documentation fee and other fees financed. Other fees include 15.00 Title Registration fee and $9.00 VSI Insurance fee. Higher rates available for used units and credit scores below 700.

A new Motorcycle  loan of $10,000 for 60 months at a rate of 6.50% and an APR* of 7.224% would have a payment of $199.52. $175.00 Loan Documentation fee and other fees financed. Other fees include 15.00 Title Registration fee and $9.00 VSI Insurance fee. Higher rates available for used units and credit scores below 700.

A new Boat/Motorhome  loan of $20,000 for 120 months at a rate of 7.00% and an APR** of 7.196% would have a payment of $234.54. $175.00 Loan Documentation fee and other fees financed. Other fees include 15.00 Title Registration fee and $9.00 VSI Insurance fee. Higher rates available for used units and credit scores below 700.


*Example APRs based loan amount of $10,199.00. Loan amount is based on a $10,000 purchase price, $175 loan documentation fee and $24 additional non-APR fees.

**Example APRs based loan amount of $20,199.00. Loan amount is based on a $10,000 purchase price, $175 loan documentation fee and $24 additional non-APR fees.


Consumer Unsecured Rates

Rates shown are for applicants with credit scores of 700 or higher. Applicants with lower credit scores may have different terms available. All loans subject to approval. All applications are welcome, contact a local expert to obtain rates and terms.
 

Credit Score Term Months Simple Interest Rate
(As low as)
APR
Term
700+
36
11.00%
12.192%*
Term
< 700
36
12.00%
12.199%*

Payment Example:

An unsecured loan of $10,000 for 36 months at a rate of 11.00% and an APR of 12.186% would have a payment of $333.53. $175.00 Loan Documentation fee financed. Higher rates available for credit scores below 700.

*Example APRs based loan amount of $10,199.00. Loan amount is based on a $20,000 purchase price, $175 loan documentation fee and $24 additional non-APR fees.


Additional Terms for Personal Loans

Minimum loan balance $1,000. Loan Documentation Fee of $175.00 on all Consumer Loans. If doc fee causes the APR to exceed the Usury Rate, reduce doc fee until APR is within Usury Rate. Applicants will be eligible for a .25% reduction in the rate if the loan is set up on automatic deduction from a CSB deposit account. This .25% reduction does not apply to loans secured by CSB CD or Savings Accounts. All applications are welcome, contact a local expert to obtain rates and terms based on your creditworthiness.