Join the GCB x NDSU Homecoming Party! Thundar, the Gold Star Marching Band, NDSU Cheer Team, food trucks, bouncy houses and more. Plus, the first 500 attendees receive a free NDSU yard sign and Gate City Bank Field squishy! See event details and RSVP on Facebook.
Prepayment Penalty
Definition
A penalty imposed on a borrower for repaying the loan before its due date. (In the case of a mortgage, this applies when there is not a prepayment clause in the mortgage note to offset the penalty.)
By following this link, you’re leaving GateCity.Bank to visit an external site. While this site has been known for being completely safe, please know that we’re ultimately not responsible for its content.
Oh, hello there!
Friendly reminder: Please don’t share Social Security numbers, account numbers, credit card numbers or passwords via email. If you need to share sensitive information, give us a call instead at 701-293-2400 or 800-423-3344.
Alright, let’s get you going!
Select a Loan Type:
Home Loan
can help with mortgages, refinances and other home-related loans.