Personal & Home Equity Loans

Personal Loans 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.

Stock-Secured Loans

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.

Skipapayment Skip-A-Payment

Need some extra cash this month? You can skip a loan payment when the time is right for you! Use the cash to shop for the holidays, pay your taxes, save up for a large purchase, or just catch up! You are able to take a break from your eligible loan payment twice a year for a minimal charge per loan. 
 

  • Available on consumer loans only. Not eligible on first mortgage loans, Home Equity Lines of Credit (HELOCs), or Personal Reserve Accounts (PRAs.)
  • All accounts must be in good standing per First National Bank requirements.
  • You may "skip" each eligible loan once every six months.
  • Your loan needs to be open for at least six months with the payment made each month to be eligible.
  • Skip-A-Payment does not affect your credit score.
  • A $30.00 processing fee for each skipped payment is due at time of processing.
  • Skipped payment and accrued interest will be added on to the end of the loan.
  • Request must be submitted at least 10 calendar days before the loan payment is due.