Manage Finances

Manage Finances

Sometimes things come up. When they do, Commerce is there.

  • Consolidate debt
  • Handle unexpected expenses or emergencies
  • Manage everyday purchases
Choose a Commerce solution for your need below.

Helpful Tools

Type How it helps you Amounts available Access to funds Get answers

Credit Cards

Apply Online
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  • Earn rewards when you use your card
  • Great for everyday purchases
  • Set up recurring monthly payments on expenses like utilities and subscriptions
  • Make large purchases and make payments over time
Varies Upon receipt of card

Personal Loan

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  • Fixed monthly payment, low fixed rate, no collateral required
  • Great for larger purchases when you know exactly how much you need to borrow
  • Set up recurring monthly payments on expenses like utilities and subscriptions
  • Terms to give you lower monthly payments
$7,000 minimum Same day, by check or direct deposit into your Commerce account.

Home Equity Loan

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  • Predictable payment, tax-deductible interest *
  • Perfect for large projects or purchases when you know the exact amount you need to borrow
$10,000 minimum; up to 90% of the equity in your home Three business days after closing, by check or direct deposit into your Commerce account

ReadyLine of Credit

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  • Instant access to cash plus a reusable source of funds by using your personalized checks. Set monthly payment on draws of $2,000**
  • Great for smaller purchases
$500 to $15,000 Same day, write checks or get cash advances in the branch.

Home Equity Line of Credit

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  • Low interest rates, tax-deductible interest *
  • Great for larger purchases and home improvements
  • A reusable source of funds that is there when you need it
Up to 90% of the equity in your home Three business days after closing. Write checks or transfer funds in Online Banking, by phone or in the branch.

Disclosures:

  • Consult your tax advisor regarding the deductibility of interest.
  • Installment Draw: Any Cash Advance of $2,000 or more (an "Installment Draw") has a required minimum monthly payment ("Minimum Installment Draw Payment"). The Minimum Installment Draw Payment is calculated based on the monthly payment amount required to pay off the Installment Draw in 48 months at the interest rate in effect at the time of the Installment Draw.

    The Minimum Installment Draw Payment remains the same for 48 months. The applicable periodic interest rate is a variable rate. If the interest rate increases during the repayment period, the Installment Draw will not be repaid within the 48 month period. If the interest rate decreases, the Installment Draw will be repaid sooner than the 48 month period. In the event that the Installment Draw is not repaid during the 48 month period, the remaining balance will be repaid in accordance with the terms applicable to Cash Advances of less than $2,000.

    Cash Advances of less than $2,000 do not have a required installment repayment amount calculated over a term of 48 months. These cash advances are part of a Revolving Balance, which is repaid in accordance with monthly minimum payment requirements described in the ReadyLine of Credit Agreement.