Personal Loans and Lines of Credit 

You’ve decided you need a loan but, like most people, you’re not sure what loan is best. Talk to one of our Product Specialists and let us help you make the decision that’s best for your specific need.

Ready to talk?

What's my best option?

By understanding the basic differences between Personal Loans and Personal Lines of Credit, you can easily determine which type of loan you need.

PERSONAL LOAN

PERSONAL LINE OF CREDIT

I know exactly how much I want to borrow

I am not sure of the exact amount I need

I would like a fixed interest rate

I would prefer to have a variable rate

I want a fixed monthly payment

I want the flexibility of taking multiple advances over time

I need all of the funds up front

I have expenses that will occur over a period of time


Finance almost anything with a personal loan

If you’re looking to finance a large purchase, pay down high-interest debt, take a special vacation or pay for an unexpected expense, a Personal Loan – also called an unsecured loan – is what you’re looking for.

  • It does not require collateral, which makes it a perfect option if you do not have equity available in your home or car.
  • It offers competitive rates and flexible payment options.
  • It is a good choice if you need your funds quickly. Without collateral to evaluate, the overall process is generally shorter.

Get cash faster with your personal line of credit

What's the fastest way to get a loan? Write yourself a check from your own Personal Line of Credit! If you have excellent credit, a Personal Line of Credit is a great way to get quick access to cash when you need it.

  • Get a one-time approval, so there's no need to reapply each time you need additional funds.
  • Easily make an advance through our Mobile App, Online Banking, via phone, or in person at one of our convenient Banking Centers.
  • Set up your line of credit for Overdraft Protection*, so you’re protected if your checking account balance falls too low.

You've got options

Sometimes there are better options for achieving your goals than a Personal Loan, and our team will always advise you if we believe there is a better solution for your specific need. Personal Loans may carry higher interest rates, so it may be less expensive for you to borrow money by using collateral like your home or your car. In such cases, we may recommend a Home Equity Loan or Line of Credit (HELOC), or an Auto Loan to help you get the best possible rate and terms.

How to Apply

Visit one of our Banking Centers or call our ExpressBank at (800) 888-4579. Once you've finalized your loan, you can start using your Personal Loan or Line of Credit right away to pay down higher interest debt, make a big purchase or finally take that dream vacation.

Get the Simple Guides

Our simple guides provide useful information about each of our lending products in an easy-to-follow format.

Download our Simple Guide to Personal Installment Loans

Download our Simple Guide to Personal Lines of Credit

*Overdraft Protection

With Overdraft Protection*, you never need to worry about overdrafting your checking account. Once you’re enrolled in Overdraft Protection*, we will automatically transfer available funds, to the extent they are available, from your linked Bank of Arkansas money market account, or Personal Line of Credit into your checking account at the end of any business day on which your available balance is less than zero.