Nodaway Valley Bank makes personal loans for a variety of purposes. Two of our most popular consumer loans are traditional installment loans for the purchase of new and used cars and trucks, as well as recreational equipment and Home Equity loans. Rate and terms on installment loans vary, based upon the collateral.

Home Equity loans have become a resource for consumer credit needs. Using the equity in value of their personal residences, borrowers have the option of setting up a loan which will amortize in monthly payments or the availability of a revolving credit line, which can be accessed when needed. Home Equity loans can be used to finance the purchase of cars, trucks or recreational equipment, bill consolidation, home improvements, college tuition and other personal needs. Generally, the interest expense is deductible for income tax purposes. Please consult a loan officer for specific information.

Nodaway Valley Bank also originates residential real estate loans for construction, purchase or refinance, secured by a first lien on the property. Borrowers have the option of obtaining a fixed rate loan for 15-30 years, which is originated by the bank and sold through the secondary market to other investors, or an adjustable rate loan for up to 20 years, which the bank retains for its own portfolio.

Nodaway Valley Bank also makes traditional installment loans to purchase cars.

To find out the "Blue Book" value of a used car, visit www.kbb.com