Personal Loans

Personal Loans and Lines of Credit

A personal loan or line of credit is a great way to help fund a dream vacation, make home improvements, pay off high interest credit cards, repair a vehicle, or take care of a wide variety of other needs. Bank of Clarke has great rates and flexible terms to fit your budget.

Unsecured Personal Loan
     Unsecured term loan with fixed principal payments.
                                                                                Apply Now

Interested in a Personal Line of Credit (LOC)? We can transfer funds right into your checking account, with no application fees or monthly payments until you utilize your Personal Line of Credit.

     Unsecured LOC
     Unsecured line of credit with a variable rate
                                                                                Apply Now


Personal Loan rates range from 7.74% to 17.99% APR.

Rates and offers current as of September 2023 and are subject to change.

*Your actual APR will be determined at the time of disbursement and will be based on your loan term and creditworthiness, which includes an evaluation of your credit history and the length of your PenFed membership. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Other eligibility requirements may apply.

Loan Payment Example: A $50,000 personal loan financed at 7.74% APR would amount to 36 monthly payments of approximately $1,560.83 each.

The initial inquiry will be a soft pull that will not affect your credit score. If you choose to initiate a loan application after checking your rates, you will be required to authorize a full credit report inquiry, which would be considered a hard pull and may affect your credit.

Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50.