Loans for Your Everyday Life

Montgomery Bank offers a variety of personal loans that can help you make important purchases, from auto loans to Home Equity Lines of Credit (HELOC). All of our lending decisions are made in-house, so you can feel confident that you’ll get a quick and honest answer right away from our loan team.

Auto Loans

Rates as low as 7.62% APR*

Whether your heart is set on a brand new or a previously owned car, Montgomery Bank can help you purchase a vehicle to get you where you need to go. We’ll do our very best to make the road to your new car a smooth one. Here are the documents we need to give you a quick, straightforward answer on your loan:

  • A completed Consumer Loan Application—completed, signed and dated.
  • Evidence of earnings (copy of last year’s federal tax return or current pay stubs; if self-employed, copies of last two years’ federal tax returns)
  • Purchase order from auto dealer
  • Name, address, and a phone number of insurance agent
  • Documentation of monthly rent payment if no mortgage payment.
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Home Equity Lines of Credit

Put your home to work for you! Once you have equity built in your home, you may be able to use it for items such as:

  • Debt consolidation
  • Home improvements
  • College tuition
  • Vacation

Other Consumer Personal Loans

Montgomery Bank offers a wide range of other types of personal loans to meet your every need.  You can choose from:

  • Motorcycle Loans
  • Boat and Watercraft Loans
  • Recreational Vehicle (RV) Loans
  • All Terrain Vehicle (ATV) Loans
  • Secured/Unsecured Loans

*Annual Percentage Rate (APR) is based on (for example) a loan of $30,000 with a repayment of 72 months, an interest rate of 7.62% with automatic payment debit from Montgomery Bank account.  $75 origination fee applicable. Stated APR is based on a new purchase – 2024 model. Other rates are available for other model years and refinances. Subject to credit approval. Other terms and conditions may apply. Rates are effective November 21, 2023 and are subject to change. Automatic payment debit from Montgomery Bank account is required to get stated rate.

**Home equity line of credit is available for single-family residential, owner-occupied properties. No annual fee and no closing costs are charged for lines of credit of at least $10,000 and up to $100,000, with a combined loan exposure of less than $250,000 and a maximum combined loan to value of 90% or less. Different rates, terms and conditions may apply for applicants not meeting these requirements or if Bank is unable to determine an acceptable market value of the property.  There is no limit on the amount by which the rate can change each month; however, the maximum lifetime APR is 20.04% and the minimum interest rate floor is 3.75%.  The HELOC is structured with a 20-year term. The first 10 years has a revolving line of credit feature with interest only payments and the last ten years is a fully amortized loan with the same variable rate. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. Consult your tax advisor regarding the deductibility of interest. Offer is subject to standard credit underwriting and approval. Rate and APR are subject to change without notice.

Subject to credit approval.