Consumer Loans

Home Equity Line of Credit (HELOC)

How much equity do you have built up in your home? With a Home Equity Line of Credit (HELOC) from Peoples Bank, you can use your equity to help make home improvements, pay college tuition, consolidate debt or apply your equity to numerous other needs. Our lending team can help you determine the right option for you. Contact the lender nearest you or apply online today!

• Variable interest rate
• Up to 90% combined loan to value (CLTV)*
• Available in 5-year terms 

*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Subject to credit approval. Certain restrictions may apply. With qualified credit, loans may be approved up to 90% CLTV. Offer subject to credit approval.

Home Equity Line

If you are thinking about making much needed home improvements or looking at options to pay for your child’s college education, you may consider borrowing against the equity in your home  — the difference between what your home could sell for and what you owe on the mortgage — as a way to cover the costs. Our loan features include:

• Fixed interest rate
• Up to 90% combined loan to value (CLTV)*
• Available in 5-year, 10-year and 15-year terms

^*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Subject to credit approval. Certain restrictions may apply. With qualified credit, loans may be approved up to 90% CLTV. Offer subject to credit approval.

Vehicle Loan

When you are in the market to purchase a vehicle, Peoples Bank can help. We offer fixed rates and financing for up to 100% of the purchase price* with a maximum term of 60 months* based on the year of the vehicle. 

* Peoples Bank policy offers  80% of purchase price for new vehicles and up to 100% of NADA (National Automobile Dealers Association) loan value for used. **Max term for consumer auto loans differs between new/used, but not year of the vehicle.

Partnership Student Loans

Peoples Bank works with Iowa Student Loan to offer educational funding for undergraduate and graduate students and families. As an Iowa nonprofit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans that are often lower than rates offered by other national for-profit lenders. Benefit from having all the details, terms and conditions upfront so you can make an informed decision.* 

• The Partnership Advance Education Loan (Partnership Loan) is for students and their cosigners.
• The College Family Loan is for parents, family members and others who wish to borrow on behalf of a student.
• Take advantage of Iowa Student Loan’s free planning tools while planning for college and before applying for student loans.

*Note: Both the Partnership Loan and College Family Loan are subject to credit approval. Peoples Bank is compensated by Iowa Student Loan for the referral of student loan customers.

Reset Refinance Student Loans

Peoples Bank works with Iowa Student Loan to offer student loan refinancing. Iowa Student Loan is an Iowa nonprofit and the state’s student loan experts. Get your student loan refinance rate in less than a minute - without impacting your credit score - and then apply online through their website. Benefit from having all the details, terms and conditions upfront so you can make an informed decision.* 

• The Reset Refinance Loan is for students and their cosigners who wish to pay off their current student loans — private or federal — and replace them with a new, single loan that fits their budget.
• Take advantage of Iowa Student Loan’s free planning tools while planning for college and before applying for student loans.

*Note: The Reset Refinance Loan is subject to credit approval. Peoples Bank is compensated by Iowa Student Loan for the referral of student loan customers.