Personal Loans

Personal loans are those loans which are needed for any legitimate personal, family, or household purpose. Examples are:

  • Vehicle/boat/RV purchases.
  • Debt consolidation.
  • IRA/retirement funding.
  • College tuition.
  • Home equity lines of credit.
  • Home improvement/repair.

Loan Rates, Terms & Fees

Interest rates, terms and fees are based on various underwriting criteria, including (but not limited to) the type of personal loan requested, the credit worthiness of the borrower, and the collateral securing the loan. For the most current information on rates, terms and fees, please call one of our nine convenient banking offices.

*Note: Please take advantage of our easy to use financial calculators for your payment & amortization calculations.

Automatic loan payment options from your Shelby State Bank account are also available which may offer a discount on the interest rate. In addition, competitive credit life and disability insurance may be available if you so choose (see disclosure below)

Information Requested

A completed and signed consumer loan application (and any other disclosures your lender may require based on the type of personal loan applied for) is necessary in order to give each consumer loan request the consideration it deserves. Other information that may be necessary includes, but is not limited to: income/employment information, description of collateral, and proof of collateral insurance.

Lender Contacts

Please contact a Shelby State Bank office near you should you have questions or need assistance with a specific personal loan need.

Important Information About Insurance Products Offered in Connection with Extensions of Credit