Loans

The challenge that the coronavirus (COVID-19) represents to us, our families and communities is like nothing that we have ever experienced before. All of us find ourselves having to process this uncertainty, anxiety and heightened risk together. What is most important now is that we all focus on staying safe and healthy.

 

As a Family Owned Community Bank for over 75 years, we know customers value our commitment to provide financial solutions in uncertain times. Effective immediately, we are offering a three-month deferral on all Highland Bank consumer loans to our customers that have been affected. Please ask your Banker for paperwork to apply for this deferral, or simply click HERE to print the paperwork, and return it to a Banker at one of our drive-thrus: LOCATIONS.

 

The loan will continue to accrue interest at the original rate during the extension period until it is paid in full. For example, by skipping the 7th, 8th and 9th payment on a $10,000 loan with 60 monthly payments at 5.50% you will pay an additional $166.53 in interest over the life of the loan. Skipping loan payments will increase the term of your loan and increase the total interest paid. Any type of security agreement on the loan will now be extended in accordance with the terms and provisions of this modification. Eligibility Requirements: Original loan term of 180 months or less; Loan payment cannot be skipped if the monthly due date has already passed.

Applying for a personal loan is easy, convenient, and takes just a few minutes.

Cash emergencies happen. Life moves fast and doesn’t slow down when money is tight. Highland Bank understands that sometimes you need cash in a hurry; get the loan application process started from the comfort of your own home 24/7.

Whether you’re ready to buy a new car or just need a few extra dollars to make improvements to your home, our friendly and knowledgeable staff can find the right loan for you.


Home Equity Loans and Credit Lines

Use the equity in your home to make home improvements, purchase a new vehicle or finance a college education. It is a smart way to borrow and interest may be tax deductible (consult your tax advisor).

We offer fixed and variable interest rate loans with several options to meet your needs. Consult with one of our qualified lenders and they will recommend the best home equity loan or line of credit product for you.

Estimate your rate

APPLY NOW


Auto & Recreational Loans

We offer financing with competitive rates and payment options that fit your budget. You will like the ease and convenience of applying for a personal loan online anytime, any where and skip the trip to the bank.

APPLY NOW


Highland Reserve Line of Credit

Our low-cost credit line linked to your Highland Bank checking account, may be the answer for those emergency situations or short-term needs. We offer:

  • Credit limits from $500 to $5,000
  • A minimum monthly repayment schedule equal to 5% of the current balance or $25 a month, whichever is greater

APPLY NOW


Consumer Loan Rates Effective: May 26, 2020

TERM/MONTHS AUTOMATIC PAYMENT FROM HIGHLAND CHECKING ACCOUNT REPAYMENT TERMS AUTOMATIC PAYMENT FROM NON-HIGHLAND CHECKING ACCOUNT REPAYMENT TERMS
NEW VEHICLES, BOATS, RV’s, MOTORCYCLES, SNOWMOBILES, ATV ANNUAL PERCENTAGE RATES(APR)
36 4.25% APR $4.52 per $1,000 4.75% APR $4.84 per $1,000
48 4.25% APR $4.07 per $1,000 4.75% APR $4.41 per $1,000
60 4.50% APR $4.02 per $1,000 5.00% APR $4.39 per $1,000
72 4.75% APR $4.09 per $1,000 5.25% APR $4.48 per $1,000
USED VEHICLES, BOATS, RV’s, MOTORCYCLES, SNOWMOBILES, ATV ANNUAL PERCENTAGE RATES(APR)
36 4.75% APR $4.84 per $1,000 5.25% APR $5.16 per $1,000
48 5.00% APR $4.58 per $1,000 5.50% APR $4.94 per $1,000
60 5.25 APR $4.57 per $1,000 5.75% APR $4.95 per $1,000
HIGHLAND RESERVE ACCOUNT
N/A 18.00% Interest Only Payments N/A N/A


Loan Application Questions?

Call Customer Service: 952-858-4888, or email us at Customer Service.