Phone: (419) 426-3641

Installment Loans

Summary

Perfect for buying a vehicle and other personal needs. Installment loans are written with monthly or weekly payments. Allows customers to spread out the cost of major purchases and leave their savings intact. We offer both fixed and variable rates that are lower than most credit cards.

• Repayment period of 6 to 72 month
• Minimum loan of $1,000
• Get a .25% rate reduction with automatic payment transfers from a Sutton Bank deposit account
• Payment grace period of 10 days, $35 late charge assessed on 11th day
• Credit life and disability insurance available
• Can use savings as collateral
• Minimum interest charge of $10
• Document preparation fee of $150*

* Borrower must pay all applicable closing costs, such as recording fee and title search.

Sample Scenario:

A $10,000 loan with a rate of 8% would have a corresponding APR of 8.430%, with a monthly payment of $203.29, based on a term of 60 months. Other restrictions may apply.

Sutton Bank, Member FDIC, Equal Housing Lender