Frequently Asked Questions
Consumer Credit Card and Loan Questions
Loan Type Information
Q. Which loan is right for me?
Next to each of the loans is a “Learn More” button which includes information which will help you determine which loan is best for you. If you need further assistance please contact one of our personal bankers at a banking center close to you or call our TeleLoan Center at 1-800-494-1698 and speak directly to an underwriter.
Q. Which credit card is right for me?
Please
click here for a comparison chart.
Q. What questions will be asked?
After you choose the loan type that fits your needs you will be asked several questions.
- What will you use as collateral? Ex. your home, car, RV or a personal signature loan
- Who will be applying? Will there be a co-applicant?
- What is your address and where do you work?
- What is your income? You may be asked about other assets and other payment obligations.
- In some instances you may be asked government monitoring questions regarding race, gender and marital status. You may elect not to provide this information.
If you accept the terms of the application and have correctly answered all the required questions, Amegy Bank will process your application. In some instances you will receive an immediate credit decision. If not, instructions will be given to obtain your loan status the next business day. Loan disclosures will be mailed to you, if applicable.
Q. How long does the application process take?
Depending on the loan type and if you have a co-applicant, the application process will take between 4 and 15 minutes. In some cases the credit decision will be made within a few minutes. In other cases it could take up to one business day.
If the loan is not approved you will receive a letter in the mail stating the reason(s) for the decline.
Q. When and where will I close the loan?
If the loan request is approved an officer/personal banker will notify you of the next steps. There may be additional information required such as valid identification, evidence of employment, tax returns, income information, automobile title, property insurance information, etc. Please rest assured, we will walk you through every step.
As soon as all necessary information is obtained and verified your officer will help you determine a time, date, and location convenient to you to close the loan.
Q. How does auto debit work?
If you apply for a loan and set the payments for auto debit you may qualify for additional discounts, depending on the loan type. The auto debit discount only applies if you have a checking account with Amegy Bank.
A revolving line that provides the ease and convenience for making purchases at merchants located around the world.
Visa Classic
- Great for getting started
- No annual fee
- Low variable rate
- Bonus rate on select deposit accounts
- Rewards program or Cash Back option available
- Auto Rental Collision Damage Wavier
- Emergency cash disbursement and card replacement
- Card customization
- Lost/Stolen card reporting
- Travel Accident Insurance
Visa Platinum
- No annual fee
- Low variable rate
- Bonus rate on select deposit accounts
- Rewards program or Cash Back option available
- Card customization
- Concierge Service
- Auto Rental Collision Damage Wavier
- Travel Accident Insurance
- Emergency cash disbursement and card replacement
- Lost/Stolen card reporting
- Roadside Dispatch
- Warranty Manager Service
Visa Signature - offers same benefits of the Visa Platinum plus:
CD Secured LoanA personal loan can help pay for household goods, unexpected expenses, or any personal need with a scheduled repayment term. Secured by your personal CD/Savings account.
- Borrower dollar for dollar
- Amegy Bank of Texas CD’s only
Personal Unsecured LoanLet Amegy Bank help you with a personal signature loan to help pay for debt consolidation, unexpected expenses, or any other personal need. An unsecured loan allows you to borrow without collateral. Your loan amount will be based on your income and ability to repay.
- Amegy auto debit discount of .25%
Click here to see Personal Loans disclosures.
Loans subject to credit approval and standard underwriting guidelines including loan to value requirements. Auto debit discount available on all products, excluding CD Secured, Revolving, and Home Equity Lines of Credit products with automatic payments from an Amegy Bank account. Personal unsecured loans are available to customers with an Amegy Bank relationship of at least 90 days. Consult your tax advisor for details regarding tax deductibility. Other terms and conditions may apply.
law requires that any home equity loan and home equity line of credit may not close before 12 days after you submit a written application to the lender or before 12 days after the lender provides you with a copy of the Notice Concerning Extensions of Credit, whichever is later. If your home equity loan request is submitted through Loan By Phone, the loan may not close for 17 days. Additionally, once you have completed and signed your loan documents, there is a three day Right to Cancel Period required by federal law. During this period you may cancel the loan without penalty. If your home was security for any home equity loan within the past year, a new home equity loan secured by the same property may not close before one year from the closing date of the prior loan.
Real Estate Loans
Home Equity Line of CreditA Home Equity Credit Line allows you to borrow against the equity in your home. The purpose may be for many reasons, ie. unanticipated expenses, financial emergencies, college tuition, just to name a few. The line is easily accessible by contacting your officer for the advance. The minimum draw request is $4,000. If you fully advance the balance of the loan and then pay the line down, you will be able to advance again.
- Low, competitive interest rate
- Variable interest rate
- Interest only monthly during the draw period
- No interest charged until you advance the line
- Possible tax advantage. Make sure you consult your tax advisor regarding the deductibility of interest.
- No closing cost up to $100,000
The Underwriter will explain further requirements for this loan product.
If you are looking for a fixed loan amount and term, a Home Equity Loan or a Home Refinance Loan may be better suited for you.
Home Equity LoanA Home Equity Credit Line allows you to borrow against the equity in your home. The purpose may be for many reasons, ie. debt consolidation, do-it-yourself home improvements, vacation or college tuition, just to name a few. A Home Equity loan is a traditional loan with a fixed repayment term. After closing the loan you will begin making scheduled monthly payments.
- Low, competitive interest rate
- No closing cost up to $100,000
- Possible tax advantage. Make sure you consult your tax advisor regarding the deductibility of interest.
- Amegy auto debit discount of .25%
Home Refinance LoanAt Amegy Bank you can refinance your home for seven, ten or fifteen years.
- Low, competitive interest rate
- Amegy auto debit discount of .25%
Land/Lot LoanA loan that allows you to borrower a fixed dollar amount for a lot on which a future home will be built with a scheduled repayment term.
- Available for purchasing a lot upon which a new single-family residence will be built.
- No origination fee
- Amegy auto debit discount of .25%
Click here to see Real Estate Loans disclosures.
Loans subject to credit approval and standard underwriting guidelines including loan to value requirements. Auto debit discount available on all products, excluding CD Secured, Revolving, and Home Equity Lines of Credit products with automatic payments from an Amegy Bank account. Personal unsecured loans are available to customers with an Amegy Bank relationship of at least 90 days. Consult your tax advisor for details regarding tax deductibility. Other terms and conditions may apply.
law requires that any home equity loan and home equity line of credit may not close before 12 days after you submit a written application to the lender or before 12 days after the lender provides you with a copy of the Notice Concerning Extensions of Credit, whichever is later. If your home equity loan request is submitted through Loan By Phone, the loan may not close for 17 days. Additionally, once you have completed and signed your loan documents, there is a three day Right to Cancel Period required by federal law. During this period you may cancel the loan without penalty. If your home was security for any home equity loan within the past year, a new home equity loan secured by the same property may not close before one year from the closing date of the prior loan.
Automobile LoanFinance your new or used automobile and get up to 100% financing, including tax, title, licensing and approved warranty contracts.
- Low, competitive interest rate
- Amegy auto debit discount of .25%
- Vehicles up to 7 years old
Recreational Vehicle Loan (includes recreational vehicles, travel trailers, boats)
Amegy Bank can help you enjoy your favorite outdoor recreational activities with easy flexible financing of one of these products.
- Low, competitive interest rate
- Amegy auto debit discount of .25%
Click here to see Vehicle Loans disclosures.
Loans subject to credit approval and standard underwriting guidelines including loan to value requirements. Auto debit discount available on all products, excluding CD Secured, Revolving, and Home Equity Lines of Credit products with automatic payments from an Amegy Bank account. Personal unsecured loans are available to customers with an Amegy Bank relationship of at least 90 days. Consult your tax advisor for details regarding tax deductibility. Other terms and conditions may apply.
law requires that any home equity loan and home equity line of credit may not close before 12 days after you submit a written application to the lender or before 12 days after the lender provides you with a copy of the Notice Concerning Extensions of Credit, whichever is later. If your home equity loan request is submitted through Loan By Phone, the loan may not close for 17 days. Additionally, once you have completed and signed your loan documents, there is a three day Right to Cancel Period required by federal law. During this period you may cancel the loan without penalty. If your home was security for any home equity loan within the past year, a new home equity loan secured by the same property may not close before one year from the closing date of the prior loan.