Consumer Loans:
Simple interest loans are available for the purchase of cars, trucks, RV's, motorcycles, boats, vacation or just to help you through a hard time. These loans may be single pay or installments. Our terms and interest rates are always competitive.
Credit Cards:
The Byron Bank's Community Card is available as either VISA or Mastercard. Each time you use your charge card a donation is made by Byron Bank to community organizations. These change from year to year, but include groups such as People Helping People, Ogle County Hospice, Byron Recreational Path and several others. Our interest rates are very reasonable, and we allow up to a 25-day grace period on purchases only. So choose one of these cards and help our community by simply using your card!
Personal Credit Line (PCL):
A personal credit line can be attached to your checking account so you have funds available for payments or ATM withdrawals even though your balance actually would be negative. You need never worry about being embarrassed because your account is overdrawn. Just stop by the bank to sign up and let your PCL kick into action!
Mortgage Loans:
The Byron Bank has been one of the leading mortgage lenders in Ogle County for many years. We have made mortgages our specialty and it shows! Our loan department has organization, expertise and friendly service that other mortgage lenders cannot match. Just ask around and you will find our best advertising-satisfied customers. We have many types of loans available and our knowledgeable loan officers can help you decide which one is best for you.
- Fixed Rates
- Up to 100% financing, including Guaranteed Rural Housing
- Balloon with reset option to a fixed rate
- Lot & Construction Package
- Adjustable Rates
- First Time Homebuyer programs & grants
- Bridge Loans
Because we are a locally owned bank, we can look at each request individually and help you make the best choice for your needs. We are very creative and can often help people who feel they can't afford a home. Some of the other features we offer are:
- Free pre-qualification
- Automatic Payment
- Quick turn around & closings
- Competitive Rates
- Mortgage Life Insurance
- Streamlined Refinancing
- Tax Escrow
- Experienced Staff
- Loans serviced at Byron Bank.
Junior Mortgage:
Using the equity in your home is a quick and easy way to borrow extra funds. A junior mortgage may be for home improvements, college costs, auto purchases or for many other reasons. It can be set up with a repayment plan that fits your budget. And, the interest is usually tax deductible. (check with your tax advisor)Home Equity:
A home equity line of credit differs from a junior mortgage because the interest rate is variable and the principal is not due until maturity. You only need to pay the interest each month. This loan is convenient for large or small purchases. You do not need to reapply each time you need money. The credit line offers flexibility and is continually available to you. This is an excellent way to pay off high interest rate credit card debt. The interest is usually tax deductible. (check with your tax advisor)Student Loans:
To assist in the financing of a post secondary education, Byron Bank has information on the Federal Stafford and Federal PLUS loans available to qualified individuals.