Personal Loans

Independent Bank offers customers many ways to finance their dreams through personal loans. Whatever your goal, Independent Bank has dedicated financial professionals and a variety of products to help you achieve it. Our loans can pay for your education, buy a new boat or RV, or let you access short-term credit through the equity in your home. Stop by and we’ll help find the product or service that’s best for you.

The Freedom Loan Special

It's your loan, do what you want with it.

1.99% 2.282% APR+

  • Buy a new car, boat, RV, or motorcycle
  • Make home improvements
  • Take a vacation
  • Reduce rates by refinancing your car loan from another bank to us*

With our SwiftLoan** same-day closing, you can get a head start!

+2.282% APR based on $30,000 loan. The promotional rate is for 48 months, however, other special rates may apply. We also offer a 2.99% rate and 3.34% APR for 60 months based on $35,000 loan. For a 6/1 ARM (Adjustable Rate Mortgage), we offer a 3.49% rate and 3.54% APR based on a $50,000 loan. For a 10/1 ARM we offer a 4.99% rate and 5.045% APR based on a $50,000 loan. APR is subject to change annually after loan origination. For additional information about rates, contact your local office. Eligibility for promotional rate requires auto pay from an Independent Bank account and is limited to collateralized loans that are fully amortized. Borrowers must meet standard qualification criteria, including a minimum credit score of 700. Loans greater than $50,000 will be .25% higher in rate. Does not include Personal Line of Credit, Home Equity Line of Credit, or loans to fund post-secondary educational expenses. Promotion begins April 15 and ends July 31, 2014.
*Only new Independent Bank loans are eligible for promotional rate.
**Same-day closing does not apply to loans secured by real estate. Completed application must be received by 2:00 PM EST.

Personal line of credit

A personal line of credit is a pre-approved, unsecured line of credit. When you need money, take one of the special checks we’ll provide you, fill it out with the exact amount you need, and sign it. You can use this check to deposit money in an account or pay a third party for a purchase. Applications and complete terms and conditions are available at any Independent Bank office.

Home Equity Line of Credit (HELOC)

A home equity loan or line of credit will allow you to borrow money secured by the equity in your home. Use the extra cash for whatever you choose: home improvements, tuition, debt consolidation and more. Interest may even be tax deductible!

Use the Equity Access MasterCard to withdraw money from your home equity line of credit. It’s the card that works just like a Debit MasterCard for purchases and ATM withdrawals. It’s convenient and hassle-free.

Normal Credit standards and restrictions apply. Consult your tax advisor regarding deductibility of interest.