Chattel Loans

Whether you are buying a mobile home, new furniture, a lawn tractor, or other movable item, you can use that item as collateral when taking out a Chattel loan.

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Loan Summary

A Chattel Loan is used when you wish to offer the item being purchased as collateral. This is useful when you do not have an asset of sufficient value to offer as collateral, or when you do not wish to put another asset at risk should you default on your loan.

Loan Rules And Features

  • Item being purchased is used as collateral.
  • Terms up to 36 months.
  • No penalty for early payoff.

Rates

Contact our office for current rates

Application Process

  • Fill out our general application, and submit it online, fax it to us, or bring in a printed copy.
  • Bring in documentation as to the value of the item being purchased.
  • Your loan can usually be approved during your visit to our office.