Personal Loans
Home Equity Loans, HELOCs & Personal Loans for Your Needs
You can use a personal loan to help finance the purchase of a new car or boat, or you can start using the equity in your home to your advantage. No matter your situation, Peoples Bank of Altenburg is here for your personal lending needs.
Home Equity Loans & HELOCs
When used properly, the equity you in your home can be a valuable financial tool for you when you need extra money. Your home’s equity can be used to pay for a variety of things. Peoples Bank of Altenburg allows you to use your home’s equity via two different financing options.
- Home Equity Loans: This is a closed-end loan that pays you a full lump sum up front.
- Home Equity Line of Credit (HELOC): Home equity lines of credit, also known as HELOCs, are revolving lines of credit that allow you to draw on a pre-established limit. They are useful for borrowers with both future and immediate cash needs, or someone whose income varies from month to month.
- More information on HELOCs can be found on the Consumer Financial Protection Bureau’s website by clicking here.
Peoples Bank of Altenburg’s mortgage loan originators can help you find the best way to use your home’s equity.
Other Personal Loans
Personal loans can be used as a financing solution for a variety of things. They can be used to help finance the purchase of a new vehicle, boat or RV. They can also be used to help pay for a planned vacation or an unexpected or emergency expense.
With flexible term lengths and competitive rates, one of the lenders at Peoples Bank of Altenburg will help you find a personal loan that will work best for you and your family.
Find the Loan to Fit Your Personal Needs Today
To learn more about how a personal loan from Peoples Bank of Altenburg can help you, stop in at one of our branch offices to speak with a member of our lending staff.