When meeting your financial goals requires sound lending advice, United Fidelity Bank is ready to serve you. Our professional loan officers will help you determine which of our consumer loan products will best suit your needs.
Automobile Loan
Whether it’s a new car, truck, sport utility vehicle or convertible, let United Fidelity Bank handle your financing. You will get a great rate and in most cases, check in hand the same day.
Want a little added value? Receive a ¼ percent discount if your payment is automatically deducted from a United Fidelity Bank deposit account. You save time not having to write a monthly check and you avoid late payments.
Deposit Secured Loans
Deposit Secured Loans are loans against a deposit account at the bank. The deposit instrument is used as security for the loans (IRA and checking accounts are not eligible to use as collateral for a loan.) Certificates of Deposit or Savings Account Loans can be secured for amounts of at least $500.00.
The maximum loan amount is 100% of the balance in the collateralized account.
Payments may be set up on a monthly or quarterly interest only basis or may be set up with monthly principal and interest payments. With Deposit Secured Loans, there are no prepayment penalties.
Personal Line of Credit
United Fidelity Bank offers their customers the convenience and flexibility of their own Personal Line of Credit. The Personal Line of Credit is attached to the customers individual checking account and is accessed whenever the customer completes a transaction greater than their checking account balance.
With a fixed interest rate, the Personal Line of Credit offers a very competitive alternative to small loan financing at loan companies.
Fixed Home Equity Loan
A fixed home equity loan allows you to borrow using the equity in your home. You will receive a fixed-rate loan with terms up to 10 years and a fixed monthly payment. You will receive funds which can be used for consolidating debt, home improvement, school tuition, and more!
Home Equity Line of Credit (HELOC)
A home equity line of credit (HELOC) uses the equity in your home to secure a revolving line of credit. It allows you to borrow funds as needed. A HELOC is very flexible because you do not have to reapply every time you need to borrow money. A HELOC allows you to borrow up to 90% of the appraised value of your home. Payments will be paid only on the amount outstanding on your line. Interest-only payments are available based on the loan-to-value.
Disclaimer: Products may vary by region.
