Personal Loans

With a Personal Loan, customers can finance their next vacation, consolidate debt, pay education expenses, and much more. At Peru Federal Savings Bank, the terms and limits for Personal Loans are based on each individual’s credit worthiness. Our Personal Loans are unsecured at a fixed interest rate and must be $1,000.00 or greater.

Share Loans

Looking for a low interest rate loan? Then a Share loan might be the right option for you. Share loans require the loan amount to be secured by a Savings or CD account at Peru Federal Savings Bank. This type of loan is an excellent way to build credit. The balance of the loan must continually be matched in the secured account.

One of the nice things about a Share Loan is that your accounts will continue to earn interest. Peru Federal Savings Bank's Share loans are always at an interest rate of 2% above the account rate.

For Example: Joe comes in and would like to borrow $10,000.00 off of his $40,000.00 Certificate of Deposit. The interest rate on the CD is 4.75%. Peru Federal Savings Bank would be able to lend the money to Joe at an interest rate of 6.75%. The CD would have to continue to keep a balance equal or greater than the amount of the loan balance for the duration of the loan.

Use the Loan Calculator to Estimate your Loan Payment.

Check Out Our Loan Rates Here