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Lake Trust can help you get a loan or line of credit (LOC) with competitive rates and terms to suit your budget.

 

Personal Loan 

Deposit Secured

 Personal Loan

Unsecured

Personal Line of Credit 

Unsecured

Benefits
  • Predictable monthly payments over a fixed term.
  • Good for a large, single purchase or expense.
  • Lower interest rate and easier approval than unsecured loan.
  • Predictable monthly payments over a fixed term.
  • Good for a large single purchase or expense.
  • No collateral required for unsecured loan.
  • Access to your money over time, for ongoing expenses.
  • As you pay down your balance, funds become available again for future use.
  • No collateral required.
  • Access funds as needed, by ATM, phone, or online transfer.
Description Fixed term or single payment loan. Fixed term or single payment loan. Line of Credit that you can draw against as the need arises.
Interest Rate Maximum dividend rate of CD or share, plus 2.50%. (4.00% APR* minimum.) 7.90% to 15.50% APR.* 16.00% APR.*
Monthly Payment Fixed monthly payment. Fixed monthly payment. Percentage of the outstanding balance (minimum  of $17.50 per month).
Application Fee No No No
Annual Fee No No No
Collateral Required Yes. Your CD or savings account secures the loan. No No

 

 

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*APR=Annual Percentage Rate. Rates based on credit history, term, security, and amount borrowed. Rates effective 5-22-17 and subject to change. Federally insured by the NCUA.