Personal Loans

A personal loan from Summit can help you reach a variety of goals in your life. We offer many types of personal loans because we’re mindful of your dreams and we’re ready to help you achieve them.

At Summit, our personal loans can help you:

  • Pay off current loans for lower payments - debt consolidation
  • Pay for home improvements
  • Finance an education
  • Take a vacation or purchase a vehicle
  • Have fun with a new boat, personal watercraft, ATV or snowmobile
  • Finance an adoption
  • Your dream?

 

Summit Consumer Loans
Our consumer loans are designed to meet your individual borrowing needs. Just let us know what you’d like to achieve and we’ll create a loan together that’s perfect for you.

Our consumer loans are tailored, offering you:

  • Terms customized to fit your individual budget and lifestyle
  • Fixed monthly payments
  • A choice in your due date to avoid conflict with other monthly payments
  • Free Internet Banking and Online Bill Pay
  • Competitive interest rates

 

Summit Home Equity Fixed Rate Loan
Our Home Equity Fixed Rate Loan allows you to borrow from the equity in your home. A fixed rate allows you to borrow a certain amount with an interest rate that is “fixed”, making your payments more predictable.

The features of this great loan include:

  • Fixed monthly payment
  • Competitive fixed interest rate
  • No prepayment penalty
  • Possible tax deduction – consult your tax advisor for possible tax savings
  • Free Internet Banking and Online Bill Pay with checking account

 

Summit Home Equity Line of Credit
A Home Equity Line of Credit is similar to the Home Equity Fixed Rate Loan in that it allows you, when you already own your home, to borrow money from the equity you have in it. However, the line of credit allows you to borrow up to a certain amount, but you only have to draw the amount of money you need at a given time. Lines are based on Wall Street Prime which means the rate is variable or that the rate can change.

  • Open line of credit – you decide how much to withdraw
  • Competitive variable interest rate - based on Wall Street Prime, plus percentage points based on credit history
  • Access line by check or Internet Banking
  • Possible tax deduction - consult your tax advisor for possible tax savings
  • Free Internet Banking and Online Bill Pay with checking account