Loans for Your Every Need

Personal Loans

While many types of loans require you to pledge collateral like your home or auto before receiving funds, most personal loans are unsecured. Personal Loans may have a higher interest rate than secured loans but are usually more cost-effective than credit cards. You’ll have fixed-rate monthly payments over the term of the loan. Personal Loans from Sturgis Bank are useful for consolidating credit card debt, making one-time large purchases like computers or appliances, or handling short-term expenses like moving. 

Auto Loans

Having reliable transportation is essential to getting to and from work, transporting your family, and making it to all the events of your life. You can keep moving with an Automobile Loan from Sturgis Bank. Most auto loans have a fixed interest rate with the vehicle as collateral for the loan. Whether you’re interested in a new car or a pre-owned vehicle, our team at Sturgis Bank will help you find the right financing for your budget.

Savings Secured Loans

Savings Secured Loans tie to your Certificate of Deposit (CD), Money Market Account, or Savings Account at Sturgis Bank. You can take a portion of the value of these accounts without penalty, then repay the amount you borrowed plus a fixed rate of interest. Loans are available up to 90% of the deposit account balances with the repayment schedule determined during the approval process. CD loans must be repaid before the maturity date of the certificate. Savings Secured Loans are useful, low-interest solutions for building or rebuilding your credit history.