Personal – Loans

 

Auto Loans

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Personal Loans

If you are planning to purchase a new or used vehicle or are refinancing your existing auto loan, we offer very competitive loan programs.

  • 90% financing is available on new cars.
  • On used automobiles, we can lend up to 80% of the value of the car or purchase price, whichever is lower.
  • Terms range from 24 to 72-months.
  • Pre-arranged financing is available.
  • Automatic payments from your Park State Bank & Trust account may be arranged.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

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Proof of Insurance for Loan Collateral

Construction Loans

You are building a home and need financing for construction. We have several loan types to consider.

  • Lot Loans
    You want to build your dream home and you need to buy the land. Park State Bank & Trust offers a variety of programs to help you buy land for future development. We’ll help you in every phase of the transaction, from land acquisition through construction to your permanent loan.
  • Consumer Construction Loans
    At Park State Bank & Trust, you can borrow up to 80% of the costs associated with building your new home. The loan is structured as a draw down line of credit with interest only payments, keeping your monthly payments as low as possible. Call one of our loan officers today to discuss a custom designed construction loan to help you build your dream.
  • Single Close Construction Loans
    This product allows you to construct and permanently finance your new single family, owner occupied primary or secondary residences with just one loan. You save money by avoiding two loan closings and the associated duplication of loan fees, closing costs, appraisals, etc… In addition, the uncertainty and interest rate risk incurred with two loans is eliminated since you are fully qualified and the interest rate is locked prior to beginning construction.

At Park State Bank & Trust, we understand that each loan applicant has different needs. We do not have a “one-size-fits-all” loan structure. Instead, we focus on listening to your ideas and coming up with a solution. We provide one-on-one customer service that you cannot get at larger institutions.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.

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Overdraft Protection

Ready Reserve

Protect your account from overdrafts, make purchases, or obtain cash when you need it with a Ready Reserve from Park State Bank & Trust.

The Cash Reserve is a personal line of credit attached directly to your checking account. If your checking account runs short of available funds to cover transactions, funds are automatically advanced from the available credit in your Ready Reserve.

In addition to avoiding service charges on returned checks, your Ready Reserve gives you increased purchasing power and greater flexibility. You can write checks or use your Park State Bank & Trust Debit Card to make purchases or withdraw cash with the funds in your account plus the credit available on your Ready Reserve.

Interest only accrues on outstanding Ready Reserve balances. If there is an outstanding balance, minimum monthly payments will be automatically deducted from your checking account. Please contact us for current interest rates.

For more information please contact us, or visit our Woodland Park location to apply. We are happy to come to you by appointment.