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Personal Loans Made Simple

Whatever is important in your life, First Palmetto Bank is here to help you finance it. Our personal loan options are tailored to meet your needs with competitive rates and friendly terms. Give us a call today or visit a local branch if you have any questions about a personal loan from First Palmetto Bank. Our knowledgeable loan officers are ready to help.

Personal Loan Choices

Home Equity Line of Credit (HELOC)

Our HELOC is a revolving line of credit secured by your home. Once approved, you can write yourself a loan simply by writing a line of credit check. When you pay down your outstanding balance, that amount again becomes available to borrow. You get convenient financing with potential for it to be tax deductible (please consult your tax adviser). A HELOC is commonly used for home improvements, debt consolidation, college tuition and unexpected expenses.

Junior Lien

For customers who want a predictable monthly payment of principal and interest, we also offer the traditional fixed rate second mortgage loan with terms as long as fifteen years. Bridge loans are also available to assist homeowners who are buying a new house when their current home has not sold or if sold, has not yet closed. This short term financing method allows you to leverage the equity in your existing home.

Other Collateralized Loans

If you pledge stocks, bonds, savings accounts or certificates of deposit as collateral, you can enjoy a lower rate on your loan and keep earning on your investment. We can respond to your loan request quickly and offer terms and rates to suit your needs with collateralized loans.

Overdraft Protection

First Palmetto's overdraft protection offers you convenient access to credit when you need it. The unsecured line of credit is linked to your checking account which allows you to manage your cash flow and avoid unexpected overdrafts. There are no annual fees and low minimum payment requirements.

Unsecured Loans

First Palmetto Bank also offers unsecured loans. Although the terms and conditions are normally not as favorable as loans with collateral and the underwriting criteria is more stringent, an unsecured loan may be the correct solution to a financing need.

Residential Lot Loans

This loan is specifically designed to finance the purchase of a residential lot for future construction. Five year fixed rate balloon loans as well as variable rate products are available for terms generally not exceeding fifteen years.