Online Banking

Personal Loans and Credit

At Anchor Bank, we know your financial goals because we take the time to get to know you. Whether you’re buying a home, adding on to your house to make room for another family member, or just looking to use your home’s equity to have money when you need it, we’re here to help. With our extensive personal loan and credit services, we can help you understand your options so that you can make the right financial decisions.

Installment Loans

Installment loans are an excellent solution for many borrowing needs. With an installment loan, you repay the loan over a specific period of time (term) with set monthly payments. Whether you are in the market for a new or used car or you are seeking to finance a recreational vehicle, motorcycle, or boat, an installment loan is an easy way to get the money you need.

How it works for you
• Talk to a Personal Banker to determine the loan that’s right for you
• Receive a fast credit decision and gain access to the loan funds
• Finance your purchase with peace of mind 

Key Benefits to you
• Monthly payments at fixed interest rates
• Know your repayment period for better financial planning
• No hidden fees
• Loans available from $5,000 and up
• Various loan terms based on the collateral

Home Equity

A home equity line of credit is a revolving line of credit designed to be a flexible means of funding a home renovation, ongoing needs, or financing a major expense. It’s a way to borrow money while using your home as collateral and making payments based on the amount you borrow. 

How it works for you
•    Draw period: A fixed length of time for the revolving line of credit. Borrow only what you need on the approved line of credit and make monthly interest-only payments. 
•    Repayment period: You will enter the repayment period, after the draw period, where principal and interest payments are paid. 


Key benefits to you
•    Secured financing may result in lower interest rates
•    Ongoing access to funds allows you to borrow against your line of credit anytime during the draw period
•    Line of credit amounts beginning at $10,000
•    No penalties for early payment
•    Interest rate discount with automatic payment from an Anchor Bank checking account   
•    Potential for tax benefits: the interest on your financing may be tax deductible, consult your tax advisor regarding the deductibility of interest

Get started by contacting a Personal Banker.

What you should know about home equity lines of credit 

Home Mortgage Loans

Whether you are just beginning to look at homes, planning to build your dream home, or want to refinance your existing home, Anchor Bank has the mortgage to fit your needs and make your dreams come true.

How it works for you
When you team up with our experienced mortgage specialists, you’ll receive the same high level of personalized assistance that we have provided our mortgage customers since 1997. We’ll help you select the best loan options to meet your individual needs and advise you through the entire process. Our full line of Mortgage services includes:
• Competitive Rates
• Free Pre-Qualification
• Conventional Mortgages
• Jumbo Mortgages
• Fixed Rate Mortgages
• Adjustable Rate Mortgages
• Lot Loans

Key benefits to you
We have helped numerous local families reach their dream of not only owning a home, but more importantly owning a home they love. From talking to one of our mortgage experts for a free pre-qualification on day one, to unpacking the last box on move-in day, you can rest assured that we’re with you every step of the way.

 

Access your Home Loan Toolkit, a step-by-step guide.

Learn more at Consumer Financial Portection Bureau.
 

Credit Cards

What do you want most from your credit card? Now you have a choice. Whatever your needs, we have a credit card that’s right for you. All of our credit card products come with a variety of important features including EMV smart chip technology. Learn More/Apply Now

 
ENJOY A LONGER INTRO RATE

Visa® Platinum Card

  • Extended  introductory offer
  • Save on interest and pay down your other credit card balances faster

 

EARN VALUABLE REWARDS

Visa Bonus Rewards Card

  • Earn 1 point for every net $1 you spend, plus get a 25% BONUS (that's equivalent to 1.25 points) on all points earned every month, automatically 1
  • $25 cash back with your first purchase

Visa Bonus Rewards PLUS Card

  • Earn 1 point for every net $1 you spend, plus get a 50% BONUS (that's equivalent to 1.5 points) on all points earned every month, automatically 2
  • $50 cash back after your first purchase
  • Low annual fee

Cash Rewards American Express® Card

  • Earn up to 3% cash back on gas
  • Also earn up to 2% cash back at supermarkets and 1% on all other purchases
  • $25 cash back after your first purchase

Travel Rewards American Express Card

  • 3X reward earnings on airline purchases, 2X reward earnings on restaurant and hotel purchases
  • $75 cash back after your first purchase
  • Low annual fee


BUILD YOUR CREDIT 3

Visa College Rewards

  • For college students
  • Great rates and manageable credit lines
  • Earn 1 reward point for every net $1 you spend on purchases

Visa Secured Card

  • Excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card.
  • Flexible credit lines based on a security deposit ranging from $300 to $5,000
  • Low annual fee


 

1 The 25% more in bonus rewards consists of 1 Reward Point for each dollar of Net Purchases (purchases minus credits and returns) plus an additional 25% (0.25) in points awarded based upon the total points earned on Net Purchases within a billing cycle (total 1.25 points)

2 The 50% more in bonus rewards consists of 1 Reward Point for each dollar of Net Purchases (purchases minus credits and returns) plus an additional 50% (0.50) in points awarded based upon the total points earned on Net Purchases within a billing cycle (total 1.5 points)

3 Late payments and going over the credit limit may damage your credit history

 

 

 

 

Loans are subject to credit approval.