Looking for a new or used car? How about a first mortgage?
Sunshine Savings Bank offers several different types of loans. Variable rate fixed payment loans, signature loans, unsecured lines of credit, home equity loans and many more.
Loan Calculators
When it comes to financing, the most widely asked question is... “How much will I be paying per month?” Now you can figure monthly payments quickly and easily with Sunshine Savings Bank's loan calculators.
Lending Center Services
VARIABLE RATE LOANS
The variable rate (consumer) fixed payment loan (VRL) rate is tied to the yield on U.S. Treasury Securities. The VRL rate is lower than a fixed rate because the bank doesn’t have to hedge against future interest rate changes. Therefore, you have the opportunity to pay off the loan at a much lower interest rate! Our VRL is an open-ended loan program and is particularly attractive because your monthly payment will not change if rates go up or down. You also have the option to convert to a fixed rate at any time during the life of the VRL at no charge. VRLs are available on new & used cars, boats and signature loans.
New Car Loans
Low interest rate car loans are made to qualified customers for up to 100% of the purchase price, including tax, title and extended warranty, up to 84 months at a fixed or variable rate. Customers may request information which shows actual dealer cost, expected maintenance costs, expected insurance premiums, complaint ratings, etc. on new cars.
Used Car Loans
Low interest rate used car loans are made to qualified customers for up to 100% of the NADA average retail price.
Signature Loans
Customers may qualify for a signature loan up to $25,000 (or up to 25% of the customer’s gross household income) for most personal reasons. Call the bank for complete details.
Unsecured Lines of Credit
Qualified customers may establish a line of credit up to 25% of their gross income to a maximum of $15,000. Terms will be established in accordance with the line of credit authorized.
Recreational Vehicle Loans
For new vehicles including campers, trailers and motor homes, 100% of the purchase price, after discounts and rebates, will be loaned for up to 84 months at a fixed or variable rate. We also make loans for used RVs and motor homes.
Boat Loans
New boat loans will be made to qualified customers for up to 100% of the purchase price, including tax and title. Used boat loans are made for up to 100% of the NADA trade-in value.
First Mortgage Real Estate Loans
First mortgage loans for up to 95% of appraised value are now being made at low fixed or adjustable rates. Contact the bank Loan Department for details.
Quick Fix Loans
This is a closed-end loan with a maximum term of 20 years and a minimum amount of $5,000. Applicants may also qualify for our no closing costs option. Please contact the bank loan department for more information.
Home Equity Line of Credit
You can use the equity in your home for a home equity line of credit with a maximum term of 10 years and with a variable interest rate. Advances can be taken over a five-year period, and interest is paid only on the amount advanced. Applicants may also qualify for our no closing costs option. Please contact the bank loan department for more information. This type of loan may be the most desirable for those seeking tax deductions.
Travel Expense Loans
Customers may qualify for a travel loan to be repaid when your reimbursement check comes from your employer. Contact the bank Loan Department for details.
Important Information About Procedures For Opening A New Account.
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
