Financing Banner Bank
Connected to Home Improvements.
Banner Bank realizes that it can be difficult to find affordable financing for smaller dollar home improvement projects. To help out, we’ve come up with a simple, straight forward loan program, with great fixed rates, and no closing costs. Loans up to $5,000 are granted unsecured, larger loans require a Deed of Trust filed on your primary residence, but there are no requirement for available equity. Here are the details:
- Loan Size: $1,000 to $15,000
- Purpose: Funds must be used only for home improvement
- Fees: No up-front fees
- Collateral: Loans up to $5,000 are unsecured, larger loans require a DOT filing on the borrower’s primary residence. No requirements for any available equity.
- Available Locations: Only in countries where Banner Bank has branch locations.
Contact Lisa Thurber or McKenzie Dressel for approval.
EXAMPLES OF AVAILABLE FINANCING
| Loan Amount $5,000 | Loan Amount $10,000 | Loan Amount $15,000 |
|---|---|---|
| 5 year fixed rate of 5.24% APR | 10 year fixed rate of 6.74% APR | 10 year fixed rate of 7.74% APR |
| 60 monthly principal and interest | 120 monthly principal and interest | 120 monthly principal and interest |
| Payments of $94.91 | Payments of $149.66 | Payments of $179.94 |
| Unsecured | Deed of Trust filed on home | Deed of Trust filed on home |
| No closing costs | No closing costs | No closing costs |
| – | Reconveyance fees will be due as part of loan payoff | Reconveyance fees will be due as part of loan payoff |
| Rated included a 1% discount for auto payment from a Banner Bank checking account | Rated included a 1% discount for auto payment from a Banner Bank checking account | Rated included a 1% discount for auto payment from a Banner Bank checking account |
| Rates Current as of October 1, 2018 Loan Programs, rates and fees are subject to change without notice. | Rates Current as of October 1, 2018 Loan Programs, rates and fees are subject to change without notice. | Rates Current as of October 1, 2018 Loan Programs, rates and fees are subject to change without notice. |
| Financing subject to meeting qualifications standards. | Financing subject to meeting qualifications standards. | Financing subject to meeting qualifications standards. |
