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BENEFITS YOU'LL LOVE
Types of Personal Loans
At Clinton Savings Bank, we offer both secured and unsecured personal loans to help fund your endeavors. The main distinction between these types of loans is collateral. A secured loan requires you to pledge something as collateral that the lender can take if you don't pay the loan according to the predetermined schedule. Unsecured loans do not require collateral, so these personal loan rates tend to be higher.
Secured Term Loans
CSB offers a collateral loan which uses funds in a savings product or CD as the collateral. Your savings continues to earn interest and after your balance is paid off, you can access your savings. If you are looking for a personal secured loan that uses your current car as collateral, please apply for an auto loan. If you have another form of collateral you would like to use, please contact a relationship banker.
Unsecured Loans
Looking for a personal term loan without having to use something as collateral? We offer a 36-month unsecured term loan. Check out the current rate.
At times, unanticipated expenses or unforeseen problems can leaved you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience. At Clinton Savings Bank we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned. That's why we offer our Moneyline Line of Credit which can be linked to your checking account to cover accidental overdrafts. For more information and rates contact a relationship banker.
Work with local lenders.
Borrowing can seem scary, but it doesn’t have to be. Our relationship bankers take care when customizing your financing. Rest assured with one-on-one guidance throughout the application process. If you have any questions, you can always give us a call — or visit your local branch.
- Competitive rates for a wide variety of personal needs
- Secured and unsecured options available
- Flexible terms tailored to fit your budget
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
How does a Personal Term Loan work?
Personal term loans work just like home or auto loans — you apply for the amount you need, and if approved, receive the funds up front. Then you pay it back in monthly installments, with interest, over your agreed-upon repayment term. The primary difference is that, while home and auto loan funds are intended for a specific purpose, you can use your personal loan for a variety of needs.
What is a Moneyline Line of Credit?
A Moneyline is a revolving line of credit linked to your checking account. Moneyline serves as overdraft protection that is activated in increments of $25 to cover insufficient or uncollected funds.
How can I apply for a Personal Loan?
You can apply online in just a few minutes. Once an application is submitted, you’ll hear back from a CSB Representative in one to two business days. Or, if you prefer, you can come into one of our convenient branch locations and work with a Relationship Banker to fill out the application.
What are your current Personal Loan rates?
Check out our Rates Page for all of our current loan rates.