Rates

In many cases, the terms of a loan can be complicated, hidden fees can crop up, and you’re suddenly faced with more debt to repay than you had initially anticipated. With a CreditFresh Line of Credit by CBW Bank, you can expect full transparency, so you’ll know exactly how much your Line of Credit will cost with no unexpected or hidden charges.

Easy-to-Understand Pricing

With the CreditFresh Line of Credit, it’s easy to know how much you will be charged each billing cycle. Here’s how your Minimum Payment is calculated:

Billing
Cycle
Charge

 + 

Required
Principal
Payment

 = 

Minimum
Payment

For each billing cycle, you’ll be charged a Billing Cycle Charge based on the Average Daily Principal Balance that appears on your Periodic Statement. Additionally, a portion of your Minimum Payment will be applied to your Outstanding Principal Balance to help ensure you are always paying down what you owe.

See Billing Cycle Charge table below:

Billing Cycle Charge*
If the “Average Daily Principal Balance” appearing on you Periodic Statement is: If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be: If you are paid monthly, your Billing Cycle Charge will be:
$0.01 - $9.99 $5.00 $10.00
$10.00 - $249.99 $15.00 $30.00
$250.00 - $499.99 $30.00 $60.00
$500.00 - $749.99 $40.00 $80.00
$750.00 - $999.99 $55.00 $110.00
$1,000.00 - $1,249.99 $70.00 $140.00
$1,250.00 - $1,499.99 $85.00 $170.00
$1,500.00 - $1,749.99 $95.00 $190.00
$1,750.00 - $1,999.99 $105.00 $210.00
$2,000.00 - $2,249.99 $115.00 $230.00
$2,250.00 - $2,500.00 $120.00 $240.00

*If you are an existing customer, please refer to your Line of Credit Agreement for terms and conditions.