Personal Loans That Fit Your Needs
Whether you're planning a major purchase, consolidating debt, or covering unexpected expenses, our personal loan options can help you move forward with confidence. Choose from unsecured loans that require no collateral or secured loans that may offer lower rates by using eligible assets as security.
Important Note (Iowa & Minnesota Residents)
These are offered for both Iowa and Minnesota residents. There can be differences because each state has its own banking, lending, and consumer protection laws.
Iowa Resident Secured Loan Options
- Deposit Acct Sec - Instalment IA Resident
- Deposit Acct Sec - Balloon IA Resident
- Deposit Acct Sec - Single Pay IA Resident
Minnesota Resident Secured Loan Options
- Deposit Acct Sec - Instalment MN Resident
- Deposit Acct Sec - Balloon MN Resident
- Deposit Acct Sec - Single Pay MN Resident
Secured Loan Options
A secured loan is a loan that requires collateral. This means you are required to put up an asset, such as a car, home, or savings account, to get the loan. If you do not repay the loan as agreed, the bank may have the right to take the collateral to recover the remaining balance.
Deposit Acct Sec - Installment
Deposit Account Secured - Installment Loan
This allows you to borrow money using funds in a deposit account, such as a savings account or certificate of deposit (CD) as collateral, while repaying the loan through fixed payments over time.
How It Works
- You pledge money from an eligible deposit account as security for the loan
- The bank places a hold on the pledged funds while the loan is active
- You receive the loan funds upfront
- You repay the loan through regular installment payments, usually monthly
- Each payment includes principal and interest
- Once the loan is fully repaid, the hold on your deposit account is released
Deposit Acct Sec - Single Pay
A Deposit Account Secured Single Pay Loan
This allows you to borrow money using funds in a deposit account, such as a savings account or certificate of deposit (CD) as collateral, with the loan repaid in one lump-sum payment at the end of the term.
How It Works
- You pledge funds from an eligible deposit account as security for the loan.
- The bank places a hold on the pledged funds while the loan is active.
- You receive the loan funds upfront.
- Instead of making regular installment payments, you repay the full loan amount plus interest in one payment on the maturity date.
- Once the loan is fully repaid, the hold on your deposit account is released.
Deposit Acct Sec - Balloon
Deposit Account Secured Balloon Loan
This allows you to borrow money using funds in a savings account or certificate of deposit (CD) as collateral, while making smaller payments during the loan term and a larger final payment at the end.
How it works
- You pledge funds from an eligible deposit account as security for the loan.
- The bank places a hold on the pledged funds while the loan is active.
- You receive the loan funds upfront.
- During the loan term, you make smaller regular payments, usually monthly.
- Because the smaller payments do not fully pay off the loan, a larger final payment (balloon payment) is due at the end of the term.
- Once the loan is fully repaid, the hold on your deposit account is removed.
Unsecured Loan Options
An unsecured loan is a loan that does not require collateral. This means you can borrow without putting up an asset, such as a car, home, or savings account, to get the loan.
Unsecured - Installation
Fixed Payment Personal Loan
A personal installment loan lets you borrow a fixed amount of money and repay it through regular payments over time, usually monthly.
- No collateral is required
- Approval is based primarily on your credit history, income, and ability to repay
Unsecured - Single Pay
One-Pay Personal Loan
A one-pay personal loan allows you to borrow money and repay the full balance in one lump-sum payment instead of making monthly installment payments.
- No collateral is required
- Approval is based primarily on your credit history, income, and ability to repay.
Unsecured - Balloon
Lower Payment Personal Loan
A balloon personal loan allows you to borrow money with smaller regular payments during the loan term and one larger final payment at the end.
- No collateral is required
- Approval is based primarily on your credit history, income, and ability to repay