Open a Valley Checking, Savings or CD account online today.
Make a same-day or recurring payment online to your Valley personal, mortgage, auto, home equity or revolving line of credit.
Here are some tips that may help you save money and combat inflation.
Have questions about any of our banking services? Take a look at our Customer Care FAQs or contact us today.
Find out how minority business owners not only succeed, but also thrive and continue to grow.
Loans and services to grow small and minority owned businesses like yours.
Here are 5 trends to watch in the cannabis market
Explore how the incorporation of AI services can help your business
Here are some helpful strategies you can put in place to protect your business against the growing threat.
Valley Bank is hiring! We’re looking for personal bankers like you to join our team. Find the right position near you.
Our latest CSR report highlighting our commitment to sustainable practices, social impact, and environmental stewardship.
Valley National Bancorp (NYSE:VLY), the holding company for Valley National Bank, reports its fourth quarter 2023 earnings.
A line of credit secured by whole life insurance can be the financing that you are looking for when business opportunities, home renovations or emergency expenses arise.
Valley’s Cash Value Line of Credit (CVLC) is secured by the net cash surrender value of your whole life policy. This line of credit is a powerful tool that provides you with the freedom to borrow without pledging assets other than your whole life policy. Our simple application process, quick turn-around time and competitive interest rates provide you access to the accumulated cash value of your whole life policy while maintaining the full dividend schedule and other policy benefits.
Lines range from $70,000 to $5,000,000
No application fee, closing costs, or pre-payment penalty.*
Easy access to funds via personal checks or online transfers
Interest may be tax deductible (consult with your tax adviser)
Our Valley experts can help you access the money you need.
Low-interest rates
Rates are low compared to unsecured lending options such as personal loans and credit cards.
Simplicity
Easy application process coupled with quick turnaround time.
Peace of Mind
No other assets such as your home are used as collateral.
Have a Whole Life Insurance Policy with one of the campanies below? Our experts can help your borrow against your policy.
Disclosure: Eligible life insurance policies must be at least one year old and issued by one of the Valley-approved mutual insurance companies listed above. Multiple policies can be used as collateral for one line of credit. Borrower must be a person or trust. Corporations and pensions are not eligible. Minimum line amount is $70,000. Subject to credit approval. Additional terms and conditions apply. Interest may be tax deductible (consult with your tax advisor).
*Florida applicants may be subject to the Florida Documentary Stamp Tax fee.
Buy or Renovate a Home
Quickly accessing your Cash Value Line of Credit for your down payment may be advantageous in today’s market. Down the road, this line of credit is a great source of cash for repairs and renovations.
Invest in Real Estate
Paying cash is one strategy used to win bidding wars and by using your Cash Value Line of Credit, you may not have to liquidate other investments to take advantage.
Start or Expand a Business
For that great business idea, a Cash Value Line of Credit can provide a little extra cash to get it off the ground – with a simplified application and quick turn-around decision.
Cover Emergency Expenses
Whether it’s a medical bill, job loss, or other stressful situation, your Cash Value Line of Credit may provide a valuable cash cushion for when your savings won’t cover the need.
Survive a Cash Flow Crunch
When dealing with a temporary cash flow issue, you can access your Cash Value Line of Credit to cover payroll, invoices and other expenses to keep your business running smoothly.
Consolidate Higher Interest Credit
With credit card and personal loans having double digit interest rates, your Cash Value Line of Credit can be used to pay them down and achieve substantial savings.
Tampa, FL
FVP, Team Sales Leader (813) 997-6068 msoper@valley.com
Lincolnshire, IL
Business Development Officer (312) 502-4347 kpapa@valley.com
Wayne, NJ
Business Development Officer (973) 305-8800 Ext. 3294 pmoriarty@valley.com
AVP, Sr. Business Development Officer (862) 228-7038 cramrup@valley.com
San Diego, CA
Business Development Officer (619) 323-4744 jriley@valley.com
Back to Top