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. Fax your completed form to 507-454-1744, or call 507-454-8800 to talk with a Personal Banker today.
* All loans subject to credit approval
Personal Loan Application (19KB PDF)
Additional Information:
Installment Loans
We offer financing with flexible terms and competitive interest rates for auto loans, boat loans, and much more. If you are purchasing a new or used car, truck, SUV, boat, motorcycle, computer, furniture, or are considering a debt consolidation loan, we can customize a loan product 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 www.nadaguides.com.
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 www.annualcreditreport.com.
* All loans subject to credit approval
Personal Loan Application (19KB PDF)
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.
* All loans subject to credit approval
Personal Loan Application (19KB PDF)
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 in that the borrower is not advanced the entire sum up front, but uses the line of credit to borrow sums that total no more than the original amount set up. You are given a separate checkbook to access this line of credit. These types of loans are secured by your home and normally run for ten years. Shorter lengths are available upon request. 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.
Standard HELOC
- 80% loan to value (based on tax statement, market analysis or, upon request, a standard appraisal)
- Ten-year term
- Payments vary (1% of principal amount plus monthly accrued interest)
- Automatic payment available
- Interest rate variable, tied to an external base rate (prime rate)
- Rate may change monthly and can affect monthly payment
- Accessible by check
Expanded HELOC
- 90% loan to value (based on tax statement, market analysis or, upon request, a standard appraisal)
- Ten-year term
- Payments vary (1% of principal amount plus monthly accrued interest)
- Automatic payment available
- Interest rate variable, tied to an external base rate (prime rate) and priced 1% above Standard HELOC
- Rate may change monthly and can affect monthly payment
- Accessible by check
* All loans subject to credit approval
Personal Loan Application (19KB PDF)
Overdraft Line of Credit
Write yourself a loan with 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.
* All loans subject to credit approval
Personal Loan Application (19KB PDF)
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