Financing for Life's Biggest Moments
Whether you're purchasing a new vehicle, making improvements to your home, consolidating debt or just need some extra funds right now, it's important to have a lending partner you can trust. At Foresight Bank, our personal lending solutions are built to offer competitive rates and flexible terms to meet your unique borrowing situation. Our lenders will sit down with you to discuss your lending needs and then help you through your application. Contact us online to connect with one of our loan officers or stop into any of our division locations to apply.
Foresight Bank Personal Loan Offerings
Loan Type | What You Need to Know About This Loan |
|---|---|
Vehicle Loans | Designed to help you purchase a new or used car, truck, or motorcycle. These loans often come with competitive interest rates and may offer discounts for automatic payments or loyalty programs. Loan terms typically range from 36 to 72 months. |
HELOC (Home Equity Line of Credit) | A revolving credit line secured by your home’s equity. You can borrow, repay, and borrow again up to your credit limit during the draw period. Interest rates are usually variable, and it's ideal for ongoing expenses like home renovations or education costs. |
Home Equity Term Loan | A fixed-rate loan that provides a lump sum based on your home’s equity. You repay it in equal monthly installments over a set term, making it suitable for large, one-time expenses like debt consolidation or major home improvements. |
Personal Loans | Unsecured loans that don’t require collateral. They can be used for a wide range of purposes such as medical bills, vacations, or debt consolidation. Approval is based on your credit score, income, and financial history. |
CD Secured Loans | Lets you borrow against the balance of your Certificate of Deposit (CD). Since the loan is secured, interest rates are typically lower, and it’s a good option for building or rebuilding credit without touching your savings. |
Unsecured Line of Credit | Offers flexible access to funds without requiring collateral. You can draw funds as needed up to your credit limit. Best suited for individuals with strong credit who want a safety net for unexpected expenses. |
Term Loans | Fixed-amount loans with a set repayment schedule and interest rate. Ideal for planned purchases like home appliances, weddings, or business investments. Offers predictability in budgeting. |
Balloon Loans | Features lower monthly payments during the loan term, followed by a large lump-sum payment (the "balloon") at the end. Useful for short-term needs or when you expect to refinance or sell before the final payment. |
Investment Secured Line of Credit | Allows you to borrow against your investment portfolio (e.g., stocks, bonds) without liquidating assets. Interest rates are generally lower, and it’s a strategic way to access liquidity while keeping your investments intact. |
Lot Loans | Used to finance the purchase of a vacant lot or land. These loans often require a larger down payment and more documentation, especially if the land is undeveloped or intended for future construction. |
Bridge Loans | Short-term loans that help you "bridge" the gap between buying a new home and selling your current one. They provide quick access to funds but usually come with higher interest rates and shorter repayment periods. |