Personal Loans

Money Doesn't Grow on Trees...That's Why We're Here!

Because money doesn't always multiply as fast as your ideas and needs, MidWestOne Bank offers competitive interest rates on a variety of retail loan products. Take a look for yourself!

Personal Loans

Whether you're buying your dream car or you need emergency funds, our loan officers are happy to offer several options and plans for your needs. Debt can either be secured or unsecured. A particular loan can have a fixed term or revolving line of credit and the applicable rate can be either fixed or variable. Read on for more information, or calculate the loan of your choice on our Loan Calculator.

Auto Loan

Need a new set of wheels? We can help! Whether you're looking at a brand new car or thinking about purchasing a quality used vehicle, we have a loan plan that will put you in the driver's seat. We can also pre-qualify you for a loan, so when you find that perfect car, you can act fast!

Please contact our Loan Center at 1-800-247-4418 for current rates and terms. Rates are subject to change daily.

To find the book value of your vehicle, click here. You will be entering a website separate from www.midwestone.com. MidWestOne is not responsible for the content of this site, nor does the bank endorse it.

Home Equity Loans

Whether you're thinking of buying a new car, adding that new deck, or remodeling your kitchen – MidWestOne offers a full range of home equity loan products to fit your every need! Contact us about current interest rates and terms available.

Loan Logistics

When it comes to personal loans from MidWestOne Bank, you’ve got choices! Take a look at the term options we provide…

Secured Loans: Loans are secured if a specific asset is used as a backup source of loan repayment. Examples of this backing, or collateral, would be cars, homes, certificates of deposit and stocks. If there is a failure to pay on schedule, we can repossess the collateral and sell it to pay off the loan. Our two most popular types of this loan are car loans secured by the car and home equity loans.

Unsecured Loans: Loans that are unsecured do not have any collateral backing the loan. Examples of unsecured loans are credit cards and signature loans.

Term Loans: Term loans, or installment loans, require a specific time period for loan repayment and a specified payment schedule (monthly, quarterly, semiannually or annually). Each payment is applied toward accrued interest and the principal. At the end of the specified time, the loan will be paid off.

Revolving Lines of Credit: Credit cards and home equity lines of credit are examples of revolving lines of credit. You can borrow as much or as little as you need, up to a pre-approved credit limit. Instead of a payment, you choose to pay any amount above the minimum payment. You may use your line of credit at any time and reuse it once you've paid down what you owe and have available credit to use.

Term loans and revolving lines of credit can be either secured or unsecured. Most of our retail loans have a fixed rate, meaning that the interest rate will not change over the term of the loan. Our home equity line of credit is a variable rate loan. If you have questions or comments about our loan services, please contact us.