Loans for Life's Big Moments
First National Bank of Muscatine is your trusted source for personal lending solutions. Our experienced lending team can help provide financing for virtually anything – from purchasing a new vehicle, taking a dream vacation, or using your home’s equity – we’ll work with you to find the best terms and rates to fit your lending needs.
Personal Lending Solutions
Personal loans at First National Bank may offer a lower interest rate than credit cards. With the proper credit qualifications and just your signature, we can provide an unsecured fixed rate personal loan. If you’re looking to consolidate debt or need a little extra cash on hand, stop in to see the personal banking team at First National Bank to discuss which loan options are best for your financial needs.
These loans offer a reduced interest rate and allow you to continue to earn on investments you’ve made while you use marketable stocks or certificates of deposits (CDs) as collateral for your loan.
Home Equity Loans & HELOCs
When you purchase your home and begin making mortgage payments, you start building valuable equity. This equity is available to use when you need to make home improvements, want to go on a tropical getaway, or just need a little extra cash on hand. Your home’s equity can be used in two ways:
- Home Equity Loans: You can use this loan for nearly anything. Home equity loans are distributed as a lump sum that you can use to meet your immediate cash needs. Oftentimes, interest rates are lower than other personal loans, and the payments made on interest of the loan may be tax-deductible.*
- Home Equity Lines of Credit: Sometimes referred to as HELOCs, a Home Equity Line of Credit is a revolving line of credit that allows you to draw on a pre-established limit when you need it. Funds can be transferred directly to your checking account and you can borrow the money again once it has been repaid during the loan. Interest payments may be tax-deductible for HELOCs.*
*Please consult your tax advisor.
For a limited time, we’re offering Home Equity Loans with 6 year fixed rates as low as 2.99% APR and no closing costs. To see if you qualify, give us a call at 563-263-4221 or stop in to see a personal banker today!
Annual Percentage Rate (APR) quoted is effective as of July 1, 2016 for closed-end loans up to 72 months in duration and will vary based on the term and credit qualifications. Loan to Value less than 85%. The advertised APR requires a minimum of $10,000 new money and reflects monthly payment auto-debited from a First National Bank of Muscatine checking or savings account. Based on a term of 72 months and 2.99% APR, the monthly payment is $15.19 per $1,000 borrowed. Other financing options available. Limited time offer.