Personal Loan Options with Heritage Bank

A personal loan is a credit granted for individual use such as medical, education, or household. From time to time, you may need a financial boost in order to meet needs that your current finances cannot. In such instances, you may need to request credit from financial institutions. Heritage Bank is a great option to consider in this situation, as we offer a variety of lending options for you to choose from:

Home Equity Loans

A home equity loan is a type of consumer credit that allows you to borrow against your property. Home equity acts as collateral for the lender. Home equity funding is determined by subtracting your home’s value from your loan. This makes it easy for you, as a homeowner, to access funds since all you need is the equity you have built up in your home. Heritage Bank’s home equity loan is competitive and easy to access, since once your home equity is determined, you will not need to do an evaluation every time you need a loan. The information on your property available to us will be used to process your consecutive loans.

Second Mortgages

A second mortgage is a type of loan that allows you to borrow credit against your home equity. It is different from Home Equity loans in that finances are paid out all at once at the beginning of the loan with a pre-set term and payment amount. You may consider applying for a second mortgage in order to circumvent private mortgage covers, pay off pre-existing debt or finance home repairs or revamps.

Personal Lines of Credit

Personal lines of credit are useful for meeting short-term cash needs to cover unexpected expenses, such as automobile repairs, taxes, or medical expenses. They are available from $1,000 to $5,000*, both secured and unsecured. You can borrow and repay on your line as needed.

Heritage Bank offers you a variety of options for personal loans that help accommodate all types of borrowers.  Call or stop by your nearest Heritage Bank location today to get started on your loan. We are ready to help you with your personal financial needs!

*Approved limit subject to credit evaluation.