Online Banking

Personal Loans

Small Personal Loans for Cars, ATVs, Boats & More

Looking for a personal loan to fund new wheels or another big-ticket purchase? Whether you need reliable transportation or want to buy a fun new toy, Honor Bank has you covered with a variety of personal loan options.  

Auto Loans 

Purchasing a new or used car doesn’t mean you have to finance the vehicle through the dealer. Finance your hot new ride or a reliable daily driver with Honor Bank. We offer competitive auto loan rates and the convenience of working directly with a local bank.

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Boat & RV Loans 

Get out and enjoy northern Michigan in a new boat, RV, or travel trailer with a loan from Honor Bank. Financing your dream adventure-mobile is simple when you work with a local community bank.

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Powersports Loans 

Feel the wind in your hair on the back of a new motorcycle, Jet Ski, snowmobile or side-by-side with a powersports loan from Honor Bank. Enjoying all of northern Michigan’s seasons doesn’t have to wait. Our personal loan department is ready to help.

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Personal Unsecured Loans 

Unsecured personal loans from Honor Bank offer flexible funding for personal expenses. Talk to our lenders today to find out if a personal loan is right for your financial situation.

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Redi-money lines of credit 

A Redi-Money personal line of credit gives you access to funds when you need them. You’ll be approved for a maximum loan amount based on your application but will only pay interest on the money you actually use. Find out more from our lending team today.

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Contact Us to Get Started 

 


Auto Loans

AUTOMOBILE & LIGHT TRUCK RATES

Term Rates As Low As APRs As Low As*
Up to 60 months 4.44% for 2014 thru New / 5.54% for Used 2013 and older 4.899% / 6.004%
Up to 72 months 4.89% (New Vehicles Only) 5.279%

*APR = Annual Percentage Rate based a $20,000 loan with a $225 loan processing fee. 60-month term: $376.51 / $386.70 payment. 72-month term: $324.70 payment. Rates based on an automatic payment from an Honor Bank account; increase rate by 0.25% without automatic payment. Your APR may be higher based on your credit qualifications, loan amount, repayment term, and model year. Subject to credit approval.

Boat, Pontoons, Motor Homes & Travel Trailers

BOAT, PONTOON, MOTOR HOME & TRAVEL TRAILER RATES

Maximum Term* Rates As Low As APRs As Low As*
120 months 6.69%

6.943%

*APR = Annual Percentage Rate based on a $20,000 loan with a $225 loan processing fee and a payment of $231.64. Rate based on an automatic payment from an Honor Bank account; increase rate by 0.25% without automatic payment.  Your APR may be higher based on your credit qualifications, loan amount, and repayment term. Subject to credit approval.

Motorcycles, Snowmobiles & Jet Skis

MOTORCYCLES, SNOWMOBILES & JET SKIS

Maximum Term* Rates As Low As APRs As Low As*
60 months 6.19%

7.121%

*APR = Annual Percentage Rate based on a $10,000 loan with a $225 loan processing fee and a payment of $198.59. Rate based on an automatic payment from an Honor Bank account; increase rate by 0.25% without automatic payment.  Your APR may be higher based on your credit qualifications, loan amount, and repayment term. Subject to credit approval. 

** New Motorcycles, Jet Skis & Quads may be financed over 60 months. The maximum terms for used Motorcycles, Jet Skis & Quads is 48 months.


Personal Unsecured Loans

UNSECURED PERSONAL LOAN RATES

Maximum Term* Rates As Low As APRs As Low As*
36 months 9.99% 10.254%
60 months 10.49%

11.330%

*APR = Annual Percentage Rate and assumes a $5,000 loan with a 36 month term and $195 loan processing fee. Rate based on an automatic payment from an Honor Bank account; increase rate by 0.25% without automatic payment.  Your APR may be higher based on your credit qualifications, loan amount, and repayment term.  Subject to credit approval. 

Redi-Money Lines-of-Credit

The next time you need cash, just write yourself a loan. All you need is Redi-Money, our unsecured personal line of credit. Once you’re approved, we’ll give you a book of checks. Then, you can activate your credit line by writing one of these checks any time you need cash. Your check looks like any other personal check, so only you know you’re writing yourself a loan instead of a check.

PERSONAL LINES OF CREDIT RATES

Draw Period Rates As Low As APRs As Low As*
120 months Prime + 3.49% 9.11%
*APR = Annual Percentage Rate and assumes a $7,500 loan with a $195 loan processing fee. Your APR may be higher based on your credit qualifications, loan amount, and repayment term.  Prime currently at 3.25%. Floor rate of 7.00%. $25 annual fee (waived for the first 12 months). Subject to credit approval. 

 

 

 

 

 
 
 

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