Financing and Flexibility for Life's Big Moments
Some of life’s most meaningful moments come with a cost. Whether it’s improving your home, buying a car, or planning a well-deserved getaway, having access to the right financing matters. When those moments arrive, you need more than just a loan — you need a local lender you can trust.
At German American State Bank, our personal loans offer the flexibility to fund what matters most. You’ll get competitive rates, local decision-making, and a team that’s here to guide you every step of the way.
Use a personal loan to help with:
- Buying a car or truck
- Making home improvements or repairs
- Planning a family vacation
- Covering unexpected medical expenses
- Consolidating high-interest debt
We make the process simple with a straightforward application and support from people who live where you live.
Our goal is to make the lending process as smooth as possible, which starts with a straightforward application process. To start your personal loan application, please reach out to a member of our team.
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Our Personal Loan Offerings
Loan Type | What You Need to Know About This Loan |
|---|---|
Vehicle Loans | Designed to help you purchase a new or used car, truck, or motorcycle. These loans often come with competitive interest rates and may offer discounts for automatic payments or loyalty programs. Loan terms typically range from 36 to 72 months. |
HELOC (Home Equity Line of Credit) | A revolving credit line secured by your home’s equity. You can borrow, repay, and borrow again up to your credit limit during the draw period. Interest rates are usually variable, and it's ideal for ongoing expenses like home renovations or education costs. |
Home Equity Term Loan | A fixed-rate loan that provides a lump sum based on your home’s equity. You repay it in equal monthly installments over a set term, making it suitable for large, one-time expenses like debt consolidation or major home improvements. |
Personal Loans | Unsecured loans that don’t require collateral. They can be used for a wide range of purposes such as medical bills, vacations, or debt consolidation. Approval is based on your credit score, income, and financial history. |
CD Secured Loans | Lets you borrow against the balance of your Certificate of Deposit (CD). Since the loan is secured, interest rates are typically lower, and it’s a good option for building or rebuilding credit without touching your savings. |
Unsecured Line of Credit | Offers flexible access to funds without requiring collateral. You can draw funds as needed up to your credit limit. Best suited for individuals with strong credit who want a safety net for unexpected expenses. |
Term Loans | Fixed-amount loans with a set repayment schedule and interest rate. Ideal for planned purchases like home appliances, weddings, or business investments. Offers predictability in budgeting. |
Balloon Loans | Features lower monthly payments during the loan term, followed by a large lump-sum payment (the "balloon") at the end. Useful for short-term needs or when you expect to refinance or sell before the final payment. |
Investment Secured Line of Credit | Allows you to borrow against your investment portfolio (e.g., stocks, bonds) without liquidating assets. Interest rates are generally lower, and it’s a strategic way to access liquidity while keeping your investments intact. |
Lot Loans | Used to finance the purchase of a vacant lot or land. These loans often require a larger down payment and more documentation, especially if the land is undeveloped or intended for future construction. |
Bridge Loans | Short-term loans that help you "bridge" the gap between buying a new home and selling your current one. They provide quick access to funds but usually come with higher interest rates and shorter repayment periods. |