Consumer Lending -
Residential
Lending -
Lending Specialists -
Calculators
Peoples Bank is proud to serve Northwest Indiana with the
most innovative lending products to meet the borrowing needs of customers
who prefer to do business with a community bank. From personal loans to
equity loans, Peoples Bank can customize a cost effective borrowing
alternative.
Lot Loans
Secure the future site of your new home with a Lot Loan from Peoples Bank.
This is the first step towards planning a new home. All Lot loans offer
competitive closing costs and rates and are easily converted to a low-cost
Construction loan at Peoples Bank. Flexible financing for up to 80% of the
purchase price of the lot is available.
Select from two different types:
 | Fully Amortized loans - a fixed interest rate and
terms up to 10 years |
| Interest only loans - a fixed interest rate and
terms up to three years with interest only payments due monthly |
|
Bridge Loans
A Bridge Loan is utilized by homeowners who purchase a new home before their
existing home has been sold. Instead of selling for less or losing the new
home to another buyer, use a Bridge Loan to close the gap between loan
closings. Various term options, up to 6 months, are available with either a
single balloon payment or interest only monthly payments.
Home Equity Loans
If you are making a major purchase, consolidating debt, making home
improvements or financing higher education costs, a Home Equity Loan from
Peoples Bank is the perfect tool to add to your financial portfolio. Take
advantage of the equity in your home with a Peoples Bank Home Equity Line of
Credit or Installment Loan. The interest you pay on a Home Equity Loan may
be tax deductible.*
*Consult a tax advisor regarding deductibility.
Home Equity Line of Credit
Available
as a fixed or variable rate loan, this revolving loan can be used repeatedly
at your discretion. Borrow up to 80% of your home's current value, less the
amount still owed on your existing mortgage. A competitive interest rate is
charged only on the outstanding balance.
Access funds via written checks or the Equity Express VISA card. The Line of
Credit can also be useful as an overdraft protection tool for your Peoples
Bank Checking account.
| Fixed Rate Home Equity Line of
Credit |
| Funds can be accessed through checks or an Equity
Express VISA card |
| Annual percentage rate fixed for 84 months |
| Interest only payment option |
| No closing costs |
| No prepayment penalties |
| Annual fee of $75 waived for the first year |
| Interest may be tax deductible* |
|
| |
| Variable Rate HELOC |
| Funds can be accessed through checks or an Equity
Express VISA card |
| Interest only payment option |
| No closing costs |
| No prepayment penalties |
| Annual fee of $75 waived for the first year |
| Interest may be tax deductible* |
|
| |
| Peoples Bank Equity Express VISA
card |
A Home Equity Line of Credit is now
more convenient than ever with the Equity Express VISA card, available
with both our Fixed and Variable Rate Lines of Credit.
Purchases are automatically deducted from the amount you have
available to borrow and are conveniently displayed on
Internet Banking
and your monthly statement of activity for easy tracking. For those
who prefer check writing, checks are also available upon request.
*Consult a tax advisor regarding deductibility. |
Home Equity Installment Loan
A Home Equity Installment Loan is ideal for borrowers who do not desire a
revolving loan. Use the equity in your home for one-time projects. This
fixed rate, fixed term product secures a monthly principle and interest
payment throughout the life of the loan. All funds are disbursed at closing.
Similar to other Peoples Bank Home Equity products, there is no prepayment
penalty and the interest may be tax deductible.*
*Consult a tax advisor regarding deductibility.
Affordable Home Improvement Program
The Peoples Affordable Improvement Program is available to property owners
in designated urban areas or those who meet certain income criteria. These
discounted interest rate loans are available only for home improvement but
have expanded qualifying criteria.
Advantages of this program include:
| Borrow up to 100% of the value of your home |
| Improvements can be made to the interior or
exterior of your home |
| Minimum loan amount is $1,000 |
| Loan approval in as little as 24 hours |
| Discounted interest rates |
| Flexible monthly payments to fit your needs |
|
Put the equity in your home to
work! Call a Peoples Bank loan specialist today at
(219) 853-7500 to set up
your free consultation.
Personal Loans
Peoples Bank offers flexible terms and affordable financing options for
borrowers seeking a personal loan. This type of loan can be used to finance
a car, boat, RV or motorcycle or to serve as overdraft protection for a
Peoples Bank Checking account. We also offer
competitive credit cards to enhance your purchasing power.
All personal installment loans offer:
| Competitive variable and fixed rates |
| Extended terms available for qualified borrowers |
| No prepayment penalty |
| Up to 100% financing |
|
Consumer Lending Specialists
