Peoples Bank Lending Options for Home, Auto, and Business Financing

At Peoples Bank, you can count on various lending options to help you achieve your financial goals. With a wide range of choices, you can select the one that best fits your needs.

For home financing, Peoples Bank offers a variety of mortgage options, including fixed-rate and adjustable-rate loans. These loans come with competitive interest rates and flexible repayment terms.

Whether you're a first-time homebuyer or looking to refinance your current mortgage, Peoples Bank has a solution for you. Their experienced mortgage specialists will guide you through the process and answer any questions you may have.

For auto financing, Peoples Bank provides loans with affordable monthly payments and low interest rates. You can choose from a range of loan terms to find the one that suits your budget.

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Peoples Bank offers a variety of lending products to finance your dreams, including auto loans, credit cards, and mortgages.

You can also get a personal loan from Peoples Bank, which can be used for unexpected expenses or exciting events like weddings and vacations.

Their personal loans have a speedy approval process, no prepayment penalties, flexible terms, and local and reliable personal service.

Here are some of the benefits of Peoples Bank's personal loans:

If you're facing unexpected costs or big expenses, personal loans can be a lifesaver. You can get a personal loan from The Peoples Bank to cover funeral costs or medical bills.

Their speedy approval process ensures you get the money you need quickly. This can be a huge relief when you're dealing with unexpected expenses.

No prepayment penalties mean you can pay off the loan early without incurring extra fees. This can save you money in the long run.

You can choose from flexible terms that fit your budget and financial situation. This flexibility can help you manage your debt and stay on top of your finances.

The Peoples Bank also offers local and reliable personal service, which can be a big plus if you need to work with a lender in person.

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Peoples Bank offers a variety of lending products to help you achieve your goals.

Whether you're looking to purchase a new home, buy a vehicle, or cover unexpected expenses, Peoples Bank has a lending product that fits your needs.

You can explore their auto loans, credit cards, mortgages, and more to find the perfect fit.

Peoples Bank credit cards are great for earning cashback on everyday purchases or consolidating debt.

Their Mastercard offers rewards and benefits to help you manage your finances.

If you're a business owner, Peoples Bank can help you finance your equipment needs with customizable funding options.

From heavy-duty machinery to vehicles or technology, they'll work with you to find a solution that suits your business.

You can also consider their Credit Builder Loan, which helps improve your credit history while you strengthen your finances.

This loan allows you to borrow a small amount, which Peoples Bank then funds in a savings account in your name.

For healthcare professionals, Peoples Bank offers practice finance solutions tailored to their business needs.

Their lenders will work with you to find the right solution for your practice.

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At Peoples Bank, they understand that home financing can be a complex and overwhelming process. They offer a range of mortgage and home equity loan options to help you purchase your first home or refinance and leverage your home's equity for major expenses.

Their experienced mortgage consultants are here to guide you every step of the way, making the process as smooth as possible.

One-time closing is available on their construction-to-permanent loan, allowing you to get started quickly. This loan also offers up to 85% Loan-to Value.

The construction-to-permanent loan allows you to draw funds stage-by-stage to cover construction costs as needed, and you only pay interest on what you use. This can be a huge advantage when building or renovating your home.

You can turn the equity in your home into ongoing, affordable financing with Peoples Bank's Home Equity Lines of Credit (HELOC). This can be a great option for several ongoing or seasonal needs.

With a HELOC, you can access funds anytime without reapplying, and the interest paid might be tax deductible. Quick, local decision-making and processing are also available, making the process as easy as possible.

Here's a summary of the key features of Peoples Bank's construction-to-permanent loan and HELOC:

At Peoples Bank, they understand the importance of having the right financing in place to help your business thrive. Their commercial underwriters will walk you through customizable funding options like business lines of credit and business loans with fixed rates.

With Peoples Bank, you can get the funding you need for expansions, equipment, and other important business needs. Their experienced team will guide you through the process to ensure you get the right financing for your business.

Peoples Bank offers a range of commercial lending solutions to businesses of all sizes, including traditional small businesses, middle-market companies, and large corporations in Iowa. They're also an SBA Preferred Lender, which means they have a strong track record of processing SBA loans efficiently.

Here are some ways Peoples Bank can help your business:

Peoples Bank lenders are experts in commercial real estate and can help you find the most attractive real estate loan package. Whether you're looking to purchase, refinance, or renovate a property, they have the knowledge and expertise to guide you through the process.

At Peoples Bank, they offer a range of loan options for individuals and businesses. They provide financing for auto purchases, allowing customers to drive away in a new car with a low monthly payment.

For those in the construction industry, Peoples Bank offers loans to help cover the costs of new equipment, vehicles, or even real estate purchases. These loans can provide the necessary funds to get projects off the ground.

Peoples Bank's construction loans can be tailored to meet the specific needs of their customers, whether it's a small renovation or a large-scale development project.

Peoples Bank offers equipment finance options for businesses, including financing for heavy-duty machinery, vehicles, and technology.

Our lenders take the time to understand your business situation to provide a customized recommendation.

Whether you need to finance or lease equipment, Peoples Bank has the right solution for your business.

The decision to finance or lease equipment presents a variety of pros and cons, but our lenders will work with you to find a solution that meets your business needs.

With Peoples Bank, you can count on a customized recommendation that will work toward your business' expansion.

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At Peoples Bank, you can get the funding you need to purchase a new or used vehicle with the help of their experienced lenders and network of local auto dealers.

Their auto loans offer financing for new and used models, as well as pre-approval, competitive rates, and flexible repayment terms to get you on the road faster.

Peoples Bank's auto loans can help you achieve your goals, whether it's buying a new car or replacing an old one.

You can explore their lending products, including auto loans, credit cards, mortgages, and more, to find the perfect fit for your needs.

A construction-to-permanent loan is a game-changer for those looking to build their dream home or make significant construction improvements.

You can get started quickly with a one-time closing, which allows you to begin construction right away.

Up to 85% of your home's value can be borrowed, making it easier to finance your project.

Draw funds as needed to cover construction costs, and pay interest only on the funds used – starting at the first draw.

This type of loan offers a convenient and cost-effective way to finance your construction project, with professional and personal service from lenders like Peoples Bank.

Here are some key benefits of a construction-to-permanent loan at a glance:

To get approved for a loan, Peoples Bank lending takes into account six key factors.

Income is one of the most important factors, as it determines how much money you have coming in each month.

We examine all sources of income to get a clear picture of your financial situation.

As a general rule, it's a good idea to spend no more than 28% of your gross income on your monthly house payment.

Your debt obligations are also taken into account, including any money you owe to others.

Your credit history is evaluated to see how you've managed credit in the past.

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A good credit rating can make a big difference in getting approved for a loan.

The amount you've set aside for a down payment is also important.

If you're using a gift for the down payment, we can help you explore other options if needed.

Your net worth is affected by the down payment and closing costs, and we consider this when evaluating your application.

A certified appraiser may also evaluate the house you're interested in buying to determine the maximum loan amount.

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