Consumer Loans Built Around Your Life
Local Lending You Can Trust
Life doesn’t always wait, and neither should your financing. If you’re planning a major purchase, handling an unexpected expense, or simplifying debt, a personal loan from Farmers Trust and Savings Bank gives you flexible funding with local service you can count on.
As a family-owned community bank serving Earling, Harlan, Woodbine, and southwest Iowa, we offer competitive personal loan rates, clear terms, and fast, local decisions. You’ll work directly with a friendly loan officer who takes the time to understand your financial goals and explain your options in plain language.
Apply in person and get real answers, right here at home
What Is a Personal Loan?
A personal loan, also called a consumer loan, is a flexible way to borrow a set amount of money and repay it over time through predictable, fixed monthly payments. Unlike a mortgage or dedicated auto loan, personal loans can be used for many everyday needs, not just one specific purchase.
Most personal loans are repaid over a period of one to five years. This helps make monthly payments predictable and manageable. At Farmers Trust and Savings Bank, we help you choose between secured and unsecured personal loans based on what works best for you.
How Personal Loans Work
When you take out a personal loan, you agree to:
- Loan Amount – The money you borrow
- Interest Rate – The cost of borrowing the money
- Loan Term – How long you have to repay it
- Monthly Payment – A predictable payment that stays the same
Because payments are fixed, you always know what to expect, so there are no unpleasant surprises.
Types of Personal Loans We Offer
Secured Personal Loans
- Backed by an asset, such as a vehicle or certificate of deposit
- Often come with lower interest rates
- Great for larger purchases
Debt Consolidation Loans
- Combine multiple high-interest debts into one payment
- May lower your interest rate
- Simplifies monthly budgeting
Specialized Installment Loans
- Auto, RV, boat, and recreational vehicles
- Home improvement projects
- Education-related expenses
Our loan officers will help you choose the option that fits your goals. We won’t push you into something you don’t need.
What Can You Use a Personal Loan For?
Personal loans are designed to be flexible. Common uses include:
- Large Purchases – Appliances, furniture, electronics
- Home Projects – Remodeling, repairs, landscaping
- Vehicles – Cars, motorcycles, ATVs, repairs
- Debt Management – Credit cards, medical bills
- Life Events – Weddings, vacations, holidays
- Education Costs – Tuition, books, housing
- Unexpected Expenses – Medical or emergency needs
If you’re unsure whether an expense qualifies, our team is always here to help.
FTSB: Where Personal Loans Feel Personal
- Local Decisions – Loans approved close to home
- Competitive Interest Rates – Designed to save you money
- Fixed Payments – Easy budgeting with predictable terms
- No Hidden Fees – Clear, honest lending
- Personal Service – Talk to real people, not a call center
- Quick Processing – Faster access to the funds you need
We combine modern banking tools with the care and trust of a true local bank.
The Personal Loan Process Made Simple
Step 1: Visit or Call Us
Meet with a local loan officer to discuss your needs.
Step 2: Apply
Complete a simple application with minimal paperwork.
Step 3: Review & Approval
We review your information and make a fast, local decision.
Step 4: Get Your Funds
Approval is fast, and your funds follow just as quickly.
What You’ll Need to Apply
To keep things moving smoothly, bring:
- Government-issued photo ID
- Social Security Number
- Recent pay stubs or tax returns
- Bank statements (last two months)
- Information on current debts
- Collateral details (for secured loans)
Applying with a co-borrower? Bring their information too.
Personal Loan FAQs
How much can I borrow?
Loan amounts depend on your income, credit, and ability to repay. We’ll help find a comfortable amount.
What interest rate will I receive?
Rates vary based on credit score, loan type, and term. Our rates are competitive—contact us for current options.
How fast can I get approved?
Many personal loans are approved quickly thanks to local decision-making.
Do personal loans require collateral?
Not always. We offer both secured and unsecured options.
Personal Lending, Right Here at Home
For over 130 years, Farmers Trust and Savings Bank has helped local Iowa families turn plans into progress. From personal loans to debt consolidation and beyond, we’re here to support your goals—today and tomorrow. Visit a branch or call today to speak with a local personal loan expert.
