Personal Loans

You're the One™ we want to help reach your goals

MidWestOne Bank offers competitive interest rates on a variety of retail loan products. Take a look for yourself:

Home Equity Loans and the Rate Lock Option

No matter what you’d like extra cash for, MidWestOne has one of the smartest financial tools for you ever – our Home Equity Line of Credit with Rate Lock Option. You’ll get the convenience of a flexible line of credit, an attractive rate, plus you can lock in a fixed rate so that your payments stay the same. In addition, your interest may even be tax deductible.* You’re the One™ our Home Equity Line of Credit with Rate Lock Option is designed for.
*Consult your tax advisor regarding deductibility of interest.

Personal Loans

Whether you're buying your dream car or you need emergency funds, MidWestOne has several personal loan 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 either be fixed or variable. Contact Us for more information, or calculate the loan of your choice on our Loan Calculator.

Auto Loan

Need a new set of wheels? You’re the One™ we can help with our auto loans. 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!

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, visit NADA Guides. You will enter a Web site separate from www.MidWestOne.com. MidWestOne is not responsible for the content of this site, nor does the bank endorse it.

Contact Us about current interest rates and terms available.

Loan Term Options

When it comes to personal loans from MidWestOne Bank, You’re the One™ who can choose. 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, include 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.