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Consumer Loans at Peoples Bank & Trust

Home Lending Consumer Loans

Mortgages, HELOCs, Auto Loans and More

Life is full of surprises and big decisions. For those times and events that require additional funds, Peoples Bank & Trust is here to help. Whether you need to purchase a new home or car, make renovations to your home or have to deal with an emergency, our personal loan options offer you a way to make it happen.


Purchasing a home is large step in your life. Peoples Bank & Trust offers a number of mortgage options to assist in this process, including:

  • Fixed rate mortgages- available in a variety of repayment options; great for those who want a consistent mortgage payment each month.
  • Adjustable rate mortgages- the interest rate and monthly payment fluctuate over the period of the loan; a good choice for short-term ownership or if you expect your income to rise (more information from the Consumer Financial Protection Bureau on adjustable rate mortgages can be found here).
  • Balloon mortgages- short-term fixed rate loans; great for those on a steady income or who will be living in the home for less than seven years.
  • Other mortgage types include: Home Possible Mortgage, Home Possible Neighborhood Solution Mortgage, USDA Guaranteed Rural Housing Mortgages and Bridge Loans

Construction Loans

Construction loans at Peoples Bank & Trust are closed-end line of credits with interest only payments. Terms on construction loans are usually six months, and you may borrow up to 80% of the building costs.

Lot Loans

Lot loans are ideal for those who have found the perfect site for their future home. Lot loans at Peoples Bank & Trust are available in several repayment terms.

Home Equity Loans and Home Equity Lines of Credit

Put the power of your home’s equity to good use! A home equity loan or home equity line of credit (also called a HELOC) provides you with the money you need for home renovations, medical bills, education or emergencies. Both of these options come with different structures:

  • Home equity loan- this is a close-ended loan, meaning you get the full sum of the loan up front to use.
  • Home equity line of credit (HELOC)- HELOCs are a revolving line of credit. Your limit is established up front, and you can draw on the line of credit when you need it.
  • More information on HELOCs can be found on the Consumer Financial Protection Bureau’s website by clicking here.

Other Uses for Personal Loans

From new cars, boats and RVs to restructuring debt or other financing needs, personal loans from Peoples Bank & Trust can be used for just about anything. By using our quick and easy Quilo lending platform, you can apply online, get approved and receive your money all within minutes. Click here for more details!

To learn more about any of our personal lending options, call or come by your nearest Peoples Bank & Trust office today!


Peoples Bank & Trust Co. Mortgage Loan Origination Numbers

All loans are subject to the bank’s normal income and credit requirements. Actual terms and conditions may vary.