The Farmers State Bank realizes that sometimes there can be some unexpected expenses throughout your life. That is why we have a personal loan program. We offer personal loans below $2,000 something most banks don’t do. The Farmers State Bank does require collateral for personal loans such as autos, motorcycles, RVs, etc.
Personal loan rates are based a borrower’s credit qualifications and term of the loan.
On October 26, 2001, the USA PATRIOT Act was signed into law. As an obligation of this law, financial institutions are required to obtain, verify and record information that identifies each person who opens an account. We proudly support all efforts to protect and maintain the security of our customers and our country.
Personal Loan Rate
|12 months or less||10.50%||19.08%|
|13 to 24 months||11.50%||16.20%|
|25 to 36 months||12.50%||15.60%|
* APR (annual percentage rate) is based on a loan amount of $2,000 and loan fee of $100.00. Other fees may still apply.