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Personal Loans

Personal loans

Apply for a Personal Loan Online

Personal loans can be used for many different purposes. Consolidate debt (like a mortgage or high-interest credit card), make a big purchase, or pay off an unforeseen large expense. One of many types of loans you can borrow from North Country Savings Bank, personal loans have the flexibility to be used at your discretion. However, these loans have strict qualification requirements and a structured repayment plan. At North Country Savings Bank, our loan experts take all aspects of your financial situation into consideration to determine if a personal loan is right for you and get you the best rate available.

The Facts About Personal Loans

Before you head to the nearest North Country Savings Bank branch, consider these five fast facts to decide if a personal loan is right for you.

This doesn't mean that personal loans are unsafe – it means that you aren't required to use assets such as your house or car as collateral. This is one of the reasons why personal loans have a strict approval process.

Depending on your financial standings, you could get approved for a personal loan: unsecured up to $20,000; secured up to $100,000. The better your financial standings, the more money you can borrow.

Fixed interest rates mean the interest rate on the loan will not change for the life of the loan – no matter what. The better your credit score at the time you take out the loan, the lower your interest rate will be.

Personal loans have a limited lifetime, and the term length of your loan will help determine your monthly repayments and your interest rate. Longer repayment periods result in lower monthly payments but higher interest rates.

Generally, personal loans are reported to the credit bureaus. Your loan, and any inquiries from applying from the loan, are then reflected in your credit profile and affect your credit rating. Late payments can also affect your score, so be sure to make all payments on time.


Sometimes, we need to borrow a little in order to make the most of our future. Personal loans can be the perfect solution for funding big dreams or handling the unforeseen, but they are also a serious financial commitment. Before you apply for a personal loan, visit your local North Country Savings Bank branch and find out if a personal loan is right for you.