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Personal Loans

Loans to help you meet your personal needs

Whether you want to consolidate debt or fund a major purchase, a Lake Elmo Bank Personal Loan can give you quick access to funds for your one-time financing needs.

Auto & Motorcycle Loans
When you're ready to start shopping for a vehicle contact one of our Personal Bankers to discuss our competitive rates and flexible payment options. A quick call could save you a lot of hassle and money.  

Recreational Loans
Ready to get outside and enjoy the outdoors?  Dreaming about riding  through the woods on a snowmobile or skipping across the water in a boat?  We can make those dreams come true.

Home Equity & Home Improvement Loans
Whether you're renovating, remodeling, or repairing your home let Lake Elmo Bank help you with your project needs. 
 
Consumer Lines of Credit
Attaching a pre-approved line of credit to your checking account makes it possible for you to make that special purchase just by writing a check.

We offer competitive rates and a range of terms to fit your individual needs.


Community Fix-Up Loans

Lake Elmo Bank is pleased to partner with the City of Oakdale and Minnesota Housing to provide home improvement financing to Oakdale residents*.

Replace the roof. Update electrical or plumbing systems. Save on your energy bill with new heating or central air. From small projects to larger remodels, a Community Fix Up Loan will help you achieve your vision and stay on budget.

  • You can tackle your to-do list. Loans range from $2,000 – $15,000 and many types of projects are eligible, including foundations, siding, roofs, HVAC, electrical, plumbing and more. Additions including garages and porches are not eligible.
  • It won’t break your monthly budget. Low fixed interest rate and repayment terms up to 15 years.
  • It’s available to more homeowners than you may think. Income limits go up to $100,000 for households of two or fewer people and $115,000 for households of three or more.
If you currently own and occupy a 1-4 family home in Oakdale, contact Jenni Blank (NMLSR ID 553038) at jblank@lakeelmobank.com or 651.748.2288 to learn if your project is eligible.

*Applicants must meet qualifying criteria and all requests subject to credit review and approval. Your loan term is determined based upon the amount borrowed. Funds are not available for mobile homes. Payment example for a $10,000, 10-year loan at an annual percentage rate of 2.10% would be $92.02/month. Property insurance required and flood insurance may be required. Fees ranging from $313 to $400 apply. Limited funds available.