Personal Loans

We all need things and a CenterBank personal loan can help you get them. So whether it’s that new car, college expenses, that deck you’ve always wanted, that second honeymoon (or even the first), or almost anything else you can think of – CenterBank can help. We offer several borrowing choices including installment loans, home equity loans, and home equity lines of credit. And with every CenterBank loan you get a competitive rate, manageable payments, and fast approval.

Installment Loans
Installment loans are made with fixed rates and have the same payment each month for a specific length of time. Some common uses for installment loans are for automobiles, recreational vehicles, vacations, or that big screen TV you’ve had your eye on. The fixed rate and regular monthly payment allow you to budget with no surprises.

The Better Than Prime Home Equity Line
A home equity line of credit is a revolving line of credit that uses the equity in your personal residence as collateral to secure a revolving line of credit. A home equity line has low interest-only minimum payments for maximum budget flexibility. Of course you can pay more if you choose, even pay it in full at any time and reborrow the money at a later date. You pay interest only on the amount that you borrow.

Some banks offer teaser or introductory rates to lure you in and then switch you to a higher rate in three or six months. At CenterBank you get our best rate of Prime minus ¼%¹ up front and it continues for the life of the loan. No bait, no switch. And there are no closing costs with any new or existing CenterBank checking account, which saves you up to $250.
Learn More…

Home Equity Loans
A home equity loan is also a type of loan that uses the equity in your personal residence as security for the loan. A home equity loan has a fixed interest rate and term and your monthly payments stay the same. A home equity loan involves the one time disbursement of all the funds with repayment over an extended period of time. The customer does not have the ability to pay the loan down and then borrow the funds again.

Mortgage Loans
Choosing the right loan is just as important as choosing the right house. We can help you answer questions like how much home can I afford? Which type of loan is best for me? What will my payments be? Whether you’re buying a new home or refinancing your existing one – CenterBank can help.

1 The interest rate on qualifying loans with a combined loan to value of 80% or less is Prime minus ¼%. This rate is determined by using the Wall Street Journal Prime Rate as an index and the rate may increase or decrease monthly based on changes to the Wall Street Journal Prime Rate. Loans with LTV’s higher than 80% will have higher rates.

All loans are subject to approval, including credit approval.