Laona State Bank offers financing with competitive rates and terms for all types of loans. Contact a Lender for more details.
We can put you behind the wheel of the vehicle of your dreams, whether new or used. Let us finance your next car, truck, van, or SUV. Contact a lender for terms and current rates.
Let us help you enjoy the outdoors, pursue hobbies, or just have fun.
Laona State Bank offers Federal Stafford Loans for students and Federal PLUS Loans for parents. Every student who has been accepted at a postsecondary school is eligible to apply.
To apply for financial aid from the federal government, including subsidized and unsubsidized Stafford, Parent PLUS, and Perkins Loans as well as Pell Grant and work study, you should:
Covert your good credit to cash. When approved, this convenient credit plan becomes an advance personal, unsecured loan for emergencies, spontaneous purchases, or to cover your checking account to avoid overdraft complications and charges. Know the comfort and freedom of having a reserve fund at your command.
Laona State Bank is committed to helping people attain their dream. Whether it’s to own your own home, second home, cottage, investment property, or vacant land for hunting or recreation, we offer affordable loans with reasonable, competitive rates.
Ask one of our Loan Officers if refinancing your current mortgage or consolidating other debt onto your mortgage would lower the interest rate you currently pay. You can save big with just a small decrease in your interest rate or use the lower rate to shorten the term on your loan. Consolidating your debt into one payment could free cash for other things. Bring in a completed mortgage application and discuss what options are right for you. Contact a lender to discuss various rates and terms.
A Construction Loan accrues interest only on the funds drawn and is paid on a monthly basis. The loan can be converted to a mortgage loan when construction is complete.
Secondary Market Mortgage Loans are not held and serviced by Laona State Bank, but our lenders will help you through the underwriting process. The Secondary Market offers ARM's and long term fixed rate loans that may offer a lower rate or require less down. Contact a lender to discuss guidelines, rates and term options.
Home Equity Loans allow you to make the equity you have built in your home go to work for you. Use it for whatever you like. Whether you need money for remodeling, a vacation, a car, or to pay off credit card debt, a Home Equity Loan gives you an attractive fixed loan rate. This loan option gives you a regular payment each month for a set amortized schedule to make budgeting easier and in many instances the interest you pay is tax deductible. Consult a tax advisor regarding tax advantages. The equity in your home can be one of your best assets, so why not use it.
A Home Equity Line of Credit allows you to use the equity in your home to obtain a revolving line of credit to use for any reason and at any time. This loan option lets you draw from your home equity as you need to and then make payments on what you have borrowed based on the principle balance. They are easy to access and can be used again and again, like a credit card without the card. A HELOC is a renewable, variable interest rate loan that is subject to change at any time. The interest you pay is tax deductible in many instances. Consult a tax advisor regarding possible tax advantages.
Laona State Bank is a rural community bank committed to meeting the financial needs of local businesses. We provide a variety of loans to help meet your business needs.
Credit Life and Disability Insurance are available on most loans. This is an optional insurance that will protect you from the inability to repay a loan due to accident, illness, or death. Credit Disability Insurance would make your monthly payments should you be out of work and under a doctor’s care due to illness or injury after 14 days for most consumer loans. Credit Life Insurance can pay off the loan if the insured loses their life. Protect yourself and your family. Ask a loan officer for complete details.
Insurance products are not FDIC-insured.
Home Mortgage Protection Insurance will reduce or pay off your Laona State Bank mortgage should you or your co-borrower die. For an additional charge, disability protection is available if you are gainfully employed on a full time basis. Contact a loan officer for more information on eligibility, rates, and underwriting.