Consumer Loan Program
Fast, Affordable Financing
We have been lending money to the community for more than a century. Through our years of lending experience, we have learned that each customer’s situation is unique and requires individual attention. As a result, we offer a wide range of loan options to meet all of your individual borrowing needs.
We offer both secured and unsecured financing with fixed or variable rates. Our experienced loan professionals can help you select the type of loan that is most cost effective and provides the most advantages for your particular situation.
- New or used vehicle loans
- Recreational vehicle loans: snowmobiles, motorcycles, campers, ATVs
- Watercraft loans: boats, jet skis
- Signature Loans
- Single-Pay Loans
- Monthly-Pay Loan
We offer both fixed and variable rate options. At La Salle State Bank, you’ll find our loan interest rates are extremely competitive. And because our interest rates are low, monthly payments are affordable.
Fixed Rate Option
All payments and finance charges are predetermined and remain constant throughout the repayment period.
Variable Rate Option
The interest rate varies and is determined on the basis of an interest rate index.
Repayment is made easy through a variety of repayment options. You’ll receive a coupon book, or billing notice, to keep you up-to-date on the amount, due date and the number of payments remaining on your loan. Choose the repayment method that’s right for you:
- Direct payment from a La Salle State Bank Deposit Account
- Night Deposit Box - all locations
- By mail
- Drive-thru window
- Internet Banking through eLSB Internet Banking
- Visit any convenient La Salle State Bank location
Low Monthly Payments
If you’ve been waiting to make a major purchase but haven’t been able to afford to, contact one of our friendly loan professionals and ask them to estimate your monthly payments. You may find that with our low interest rates, you may be able to make your purchase by making reasonable monthly payments.
Once you have made a major purchase decision, you don’t want to wait for loan approval. At La Salle State Bank, we have streamlined the application process so we may give you an answer within a few hours in most cases.
Credit Life & Disability Insurance
We offer Credit Life and Disability Insurance as an option to you, a co-borrower or co-signer. This gives you the peace of mind in knowing loan payments will be made in the event of disability and the loan balance will be paid off in the event of your death.
You pay only for the amount of insurance you need to cover your outstanding loan balance. Available for most loan types, this coverage is optional but is not a condition of the extension of credit.
Lower your Interest Rate with a Secured Loan
With a secured loan, you pledge something of yours equal to the value
of the loan as collateral, which may result in a lower interest rate. Loans may be secured by assets such as savings accounts, CDs, stocks, vehicles, home equity or other assets.