Prime Minus 1% APR Introductory Rate / 5.25% APR Variable Rate Afterwards¹

Do you need to make some home improvements, pay taxes, pay educational expenses, consolidate debt, purchase a new car/truck – or just have money available for a rainy day? If yes, then we have a special offer that may meet your needs and save you hundreds of dollars every month!

Many borrow money to buy the more important things in life; but smart money managers pay the lowest possible interest rates, find tax breaks, and save money. The equity in your home can help you obtain the money you need to:

Fix Up Your Home: Add that extra room or remodel your home.

Buy A New Vehicle: Time to get a new car, truck, or SUV? Act now, and you'll have NO points, NO appraisal fees, and NO document or processing fees².

Pay For Education: Cover school bills and avoid paying higher taxes! While interest on most other loans are not deductible on your Federal income taxes, interest you pay on your equity line may be tax deductible³!

Pay Off Your Bills:Consolidate other monthly higher-interest rate credit card or store charges into one lower monthly payment.

For current rates or to learn more about the benefits of having your own Home Equity Line, or to ask us about our other credit products, visit or call a local Cathay Bank branch, or call us at: 1-800-9CATHAY.

¹ Prime minus 1% APR is an introductory discounted Annual Percentage Rate available for the first six months following account opening whether the Home Equity Line of Credit is used or not. After the first six month, the APR changes to a variable rate that is tied to the Wall Street Journal Prime (WSJP) Index. As the Index Prime Rate changes the rate on the line changes. As of April 17, 2008 the non-discounted WSJP rate was 5.25% APR. The rate on the Line will not exceed 18% APR. An annual fee of $60 is charged except in the first year the Home Equity Line is opened and is waived in years when the average outstanding cycle balance on the Line account is equal to the Line’s entire credit limit or $20,000 whichever is less. Property insurance is required. An early closure fee may apply. Offer is available for properties that are owner occupied in California. Offer may be modified at any time without notice and is not transferable.
² There is $0 application fee on owner occupied properties for Line amounts $250,000 or less; $1,500 application fee for Line amounts greater than $250,000 up to $500,000. Non-standard fees may apply, such as, (if applicable) escrow, lien release fees, property taxes, subordination fees.
³Consult a tax advisor regarding the deductibility of interest.