Our Lending Options

Sometimes achieving your dream means getting a little extra help. For a wide range of loans with competitive rates to finance them, let Camden National Bank help you when you need it.

Mortgage Loans

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Talk to one of our Mortgage Originators and see if together we can create a mortgage* that lets you enjoy your new home.

*Loan products listed are available to qualified applicants who meet the Bank's current loan underwriting guidelines.

Notices of Error & Requests for Information FAQs

Student Loans

Your future is bright! But sometimes your savings and financial aid options aren't enough to cover the full cost of your education. Our private education loan bridges the gap between savings, financial aid, and the cost of working toward a degree.

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Click here to Check Your Application Status or Continue a Previous Application

Cosigners: click here to Complete the Cosigner Portion of the Application

Why this loan?

Am I eligible?

  • You must be enrolled at least half time in an eligible degree or certificate program.
  • School certification is required.
  • You must meet credit standards (with or without a cosigner).
  • Maine residents going to Maine or out-of-state colleges and universities are eligible.
  • Out-of-state residents attending Maine colleges and universities are eligible.

How much can I borrow?

  • Maximum loan amount: cost minus aid (maximum $40,000 per year, $200,000 total)
  • Minimum loan amount: $2,000

When do I need to start repaying my loan?

Many repayment options are available:

  • You can start payments of principal and interest right away.
  • You can defer payments of principal and interest while you are enrolled in school at least half time. Principal and interest payments begin following a six-month grace period after you leave school.
  • You can defer payments of principal, and make interest-only payments while you are enrolled in school at least half time. Full principal and interest payments begin following a six-month grace period after you leave school.
  • Ask us for details about all of your repayment options.

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Auto and Other Personal Loans

Automobile Loans*

We're here to help you find financing that fits your needs for new or pre-owned vehicles. The lending rate, term and down payment are based on the type and year of vehicle you wish to purchase.

Personal and Other Loans*

Finance a vacation, a new computer, boat, ATV, or furniture — it's up to you. We offer a variety of competitive lending rates and terms to help.

*Available to qualified applicants who meet the Bank's current loan underwriting guidelines.

Home Equity Loans

Fixed-rate, fixed-term Home Equity Loans* allow you to borrow a specific amount with fixed monthly payments. Borrow as little as $5,000 with a variety of rates and terms to fit your budget. Because this loan is secured by the equity in your home, the rate is usually lower than other loans, and the interest may be tax-deductible**. There are no application or annual fees, and your interest rate is fixed for the life of the loan.

Our simple application can get you on your way to managing home improvements, educational expenses, debt consolidation, major purchases, or even refinancing your first mortgage. Contact your local branch today to apply. Save time by completing an application and bringing it in to any branch for processing.

Use our financial calculators to see what your monthly payment may be.

*Loan products listed are available to qualified applicants who meet the Bank's current loan underwriting guidelines.
**Please consult your tax advisor.

Home Equity Line of Credit

Your home is your biggest asset so be sure that the home equity or home improvement financing option that you choose is the right one for you. Our home equity loans and lines of credit provide many financing options for home improvement projects, debt consolidation, large purchases and other unexpected expenses.

Predictability - Home Equity Loan*

If you are looking to consolidate debt or fund a one-time expense with the security of a fixed interest rate, our home equity loans provide the ease of a predictable monthly payment with an interest rate that does not change through the life of the loan.

Flexibility - Home Equity Lines of Credit*

If you are looking for flexible payment options and ongoing access to available funds, our home equity line of credit (HELOC) provides a variable-rate line of credit with a 10 year draw period. You pay interest only on the funds you use and can make principal payments to pay down your line of credit balance at any time without penalty.

  • Regular Camden National HELOC - Borrow up to 80% of the value of your home, 10 year draw period and 20 year repayment period, minimum loan amount of $5,000.
  • High Value HELOC - Borrow up to 100% of the value of your home, 10 year draw period and 10 year repayment period, loan amounts range between $20,000 and $250,000.

 

Easy Access - Home Improvement Loan*

If you are looking for an unsecured loan for smaller home improvement projects with the security of a fixed rate, we offer the convenience of an unsecured home improvement loan. These loans do not require home equity, provide low closing costs and can be closed in a short amount of time. They offer a predictable monthly payment of principal and interest that does not change through the term. The loan amounts range between $2,000 and $15,000.

Contact your local branch today to apply. Save time by completing a loan application and bringing it in to any branch location.

Use our handy financial calculators to assess how you might benefit.

*Interest may be tax deductible, please consult your tax advisor for more information. Loan products are available to qualified applicants who meet the Bank's current loan underwriting guidelines. Other terms and conditions may apply.

Credit Cards

Whether you are looking to build credit, shop online, finance a special purchase or earn rewards for the everyday purchases you already make, we offer a credit card to meet your needs.

Learn More and Apply Today

*Loan products listed are available to qualified applicants who meet Elan's current loan underwriting guidelines.

Overdraft Protection

Overdraft protection from a line of credit* saves you the hassle and expense of overdrawing your personal checking account. You can borrow up to your pre-approved limit, whenever you need the funds. Funds available from your approved line will be automatically transferred to cover any overdraft. There are no additional fees for this service except for the finance charge on the credit used.

*Available to qualified applicants who meet the Bank's current loan underwriting guidelines.

 

Mortgage Loan

How can we help you?

Contact Camden National Bank today at 800-860-8821, or send us an email.

 

Camden National Bank, Member FDIC, Equal Housing Lender Equal Housing Lender © 2015 Camden National Corporation, All Rights Reserved.

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