Comerica Personal Loan

A HELOC can either be a loan or personal line of credit a lender extends to a homeowner based on equity built in the home. It can unlock cash liquidity and help owners pay for things like home improvements or credit card debt.

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Save for tomorrow. Comerica Bank is a Member fdic. accounts insured up to maximum amount allowed by law. 1 For more information on other fees and terms and conditions that apply to the Statement Savings Account please refer to the Personal Services and Charges Brochure and the Comerica Business and Personal Deposit Account Contract.

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Comerica Bank offers a variety of loan solutions to assist you in times of need. There are times when you need urgent cash for some unexpected expenses. To help you meet your financial goals, the bank provides a range of personal loans that you can get at competitive rates and flexible terms.

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Services. Business Loans; Business Checking Accounts; Business Savings Accounts; Business Credit Cards; Treasury Management Products; Personal Loans.

Presuming you have a healthy credit score (640 or higher) and debt-to-income ratio (the low 40s or less), a HELOC loan provides a revolving line of credit for a set period of time, usually 10 to 15 years, known as the draw period. The loan may have a fixed-rate payment option or a variable rate option.

It will make Comerica the fourth-largest bank in the state, behind Wells Fargo, Union Bank of California and Bank of America. Comerica had planned to open a loan production office. cash management.

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