Personal Banking
Personal Loans

At Winona National Bank, we offer many different types of personal loans with convenient financing terms and competitive interest rates. We specialize in customizing your loan to fit your needs.

Start your loan process with our Personal Loan Application form below. Click on the Personal Loan Application link, then print and complete the form. You may fax your completed form to 507-454-1744, bring the application in to one of our 3 convenient locations, or call 507-454-8800 to talk with a Personal Banker today. 

Personal Loan Application

*All loans subject to credit approval.

Additional Information

Installment Loans

We offer financing with flexible terms and competitive interest rates for auto loans, mobile homes, boat loans, and much more. If you are purchasing a new or used car, truck, SUV, boat, motorcycle, camper, computer, furniture, etc., or are considering a debt consolidation loan, we can personalize a loan to fit your needs. We have experienced lenders to help you determine which loan option is right for you.

For vehicle pricing and information – whether on your existing vehicle or a vehicle you wish to purchase, visit the Nada Guides website.

You have the right to get a free copy of your credit report once every 12 months. For instant access to your free credit report, visit AnnualCreditReport.com.
 

Home Equity Loans

Second Mortgages (also known as Home Equity Loans or Junior Mortgages) are used for many different purposes; from consolidation of debt, to home improvements. This type of loan enables you to borrow against the equity you have built up in your home. We offer flexible terms with minimal costs. For more details, please contact a member of our Personal Banking Team.

Home Equity Lines of Credit (HELOC)

We offer several different types of home equity lines of credit (HELOC). These are revolving lines of credit that allow you to decide how much to borrow and when. A HELOC differs from a conventional Second Mortgage. While originating a HELOC, you work with your Personal Banker to determine a credit limit. You may advance any amount up to the credit limit and you only pay interest on the outstanding balance. A separate checkbook to access this line of credit is available. This type of loan is secured by your home and normally runs for ten years. Home equity lines of credit are not available on non-owner occupied properties. Our lines of credit have a minimum of $1,000 and a maximum of $100,000, depending on equity available.

Standard HELOC

  • 80% loan to value
  • Ten-year term
  • Payments vary (1% of principal amount plus monthly accrued interest)
  • Automatic payment available
  • Variable interest rate, contact our Personal Banking Team for current rates
  • Rate may change monthly and can affect monthly payment
  • Accessible by check or debit card  

Expanded HELOC

  • 90% loan to value
  • Ten-year term
  • Payments vary (1% of principal amount plus monthly accrued interest)
  • Automatic payment available
  • Variable interest rate, contact our Personal Banking Team for current rates
  • Rate may change monthly and can affect monthly payment
  • Accessible by check or debit card
     

Overdraft Line of Credit

Write yourself a loan with an Overdraft Line of Credit. This convenient and expense-saving product operates as overdraft protection and an unsecured line of credit.

  • Requires a personal loan application to be completed, processed and approved.
  • Advances up to pre-approved limit.
  • Automatic advances, in $100 increments, when checking account falls below $0.
  • Payments are automatically deducted from the checking account 10 days after the statement cycle date.
  • Access through checking account via check, Info Line telephone transfer, ATM, and debit card.
  • No advance fee.
  • Annual Fee may be applied.

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