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Personal Loan Options
Bank of Ann Arbor offers a variety of personal loans. Designed with reasonable rates and minimal paperwork, our personal loans give you the flexibility and protection you need in today's fast-paced economy. Most credit decisions are made locally in one day, so your funds are available quickly. To get started today, contact one one of our personal lending experts.Consumer Loans
Whether you have an unexpected expense or need to cover an error in your checkbook, our overdraft protection options will be there to keep you going. Choose from one of the following ways to protect against overdrafts.
Overdraft Protection-Line of Credit
Overdraft lines are available in amounts of $500 to $10,000. The overdraft line is activated when your checking account is overdrawn. Loans are dispensed in multiples of $100 with a small transaction fee and carry a fixed rate until repaid. Payment is automatically deducted from your Bank of Ann Arbor checking account on the last day of your statement cycle.
Home Improvement Loan
For home repairs or improvements, a fixed rate Bank of Ann Arbor Home Improvement loan might be just what you need. A Home Improvement loan gets you the money you need to work on your home without having to wait until equity is built up in your home. Bank of Ann Arbor customers enjoy a 1/4% discount on Home Improvement loans when payment is automatically deducted from their checking account.
Vehicle Loan
Bank of Ann Arbor can finance your next car, truck, recreational vehicle, or boat purchase quickly and conveniently. We offer fixed rate loans for new and used vehicles with terms as long as 60 months. Have your payment automatically deducted from your Bank of Ann Arbor checking or savings account and receive a 1/4% discount on your rate.
Home Equity Loans
A home equity loan is often a wise choice for financing a new car, home improvements, college tuition and more. The interest on a home equity loan is generally tax-deductible (consult your tax advisor first). Home equity loan rates are usually lower than other types of consumer loans. And with no application fees, no closing costs and no annual fee a Bank of Ann Arbor home equity loan can keep money in your pocket.Watch Bank of Ann Arbor TV to learn more
We offer two programs:
Home Equity Line of Credit
This program offers a low variable rate on a line of credit that you can draw on again and again. Simply write a check and you have cash from your line. If cash gets tight, your payment can be as low as the interest charge for that month.
Home Equity Term Loan
If you prefer the security of a fixed monthly payment for a fixed term, this is the program for you. Your rate is established at closing and guaranteed for the term of the loan. Maximum term is 180 months.
For more information on a Consumer Loan please call us at 734-662-1600.
