West Craven Highlights, May 26,1983i Page 3
Mkhovia
BankLine
Now^ a pnearrangiecl line of credit up to $25,000,
at a preferred rate of interest based on the prime.
Wachovia BankLine is a way to inaease pay the same low rate no matter how
your personal financial resources by much you borrow.
$2,500 to $25,000, without making a
special trip to the bank when you need
money. You just write a BankLine
check. And the interest you pay is tied
to the Wachovia prime rate!
If your line of credit is:
Your inter^t is:
$10,000 or over
Prime + 1%
$5,000 to $9,999
Prime + 1V2%
$2,500 to $4,999
Prime + 2V2%
The BankLine prime rate for May, r983 is 10%.
Right now BankLine is just about
the least expensive loan source youll
find. Your interest rate is determined
by the size of your aedit line, so you
You can save interest by repaying
quickly, or choose from several repay
ment options.
Since it’s all prearranged, you have
absolute discretion and control over
when and how you use the money.
Just write a special BankLine check.
And there are no fees, so it costs you
nothing unless you use it.
Your PersonaJ Banker can help you
decide whether BankLine is right for
you. Even if you’re not a Wachovia
customer, ask a Personal Banker about
BankLine. It’s a better way to borrow
money.
Wachovia
Bank&Trust
Under present North Carolina law, 17.99% is the maximum that can be charged for loans of this type. If the law should be changed, the 17.99% annual
percentage rate ceiling of BankLine loans would be subject to change. There is a minimum annual percentage rate of 8%.