Village Bank’s approach to lending makes borrowing easy. Pay off high-interest credit cards, pay tuition, get new furniture or finally take that dream vacation. We offer Mortgages, Home Equity Lines of Credit, car loans and personal loans.
Village Bank offers several types of Personal Loans:
Looking for the new or used vehicle of your dreams? Village Bank can help get you behind the wheel quickly and easily.
Enjoy the great outdoors with RVs, ATVs, boats and more!
From major purchases to unexpected expenses, Village Bank can accommodate your individual needs. Repayment terms and rates will depend on the type and amount of the requested loan.
It works like a credit card. Borrow what you need, when you need it.
The Home Equity Line of Credit is a revolving line of credit that has a 5 year draw period. During that time, you can borrow as much as you need whenever you need it as long as you don't exceed your credit limit. Your monthly payments during that period are interest-only payments with an option to pay down the principal at your convenience. As the line balance is repaid, that money becomes available to you over and over again.
Whatever your payment arrangements during the life of the plan—whether you pay some, a little, or none of the principal amount of the loan—when the plan ends, you may have to pay the entire balance owed, all at once. You must be prepared to make this “balloon payment” by refinancing it with the lender, by obtaining a loan from another lender, or by some other means. If you are unable to make the balloon payment, you could lose your home.
Home Equity Loan
Get one lump sum with a fixed rate and consistent monthly payments.
Once a Home Equity Loan is funded, you receive all of the money. Make consistent payments for principal and interest at a fixed rate throughout the life of the loan.