Finish your to-do list with the aid of a personal loan. With the help of a consumer loan from Bank Michigan, you can purchase a vehicle, consolidate your debts, or pay for unanticipated expenses. A personal loan can be a helpful tool to accomplish a variety of tasks, but for those extra challenging ones, we offer our home equity loan.
Do You Own Your Home?
If you are a homeowner who is looking to fund an upcoming project or purchase, you should consider applying for a home equity loan. By using the equity you’ve built in your home, you can get a loan with lower interest rates, a higher borrowing limit, and more favorable repayment terms. Receiving a home equity loan might also give you an advantage during tax season. Home renovations paid for with an equity loan may qualify you for tax deductions*.
How to Get Started
At Bank Michigan, we make applying for a loan easy. Simply bring the following documents to your local branch to get started today.
- A completed consumer loan application (PDF)
- Two most recent consecutive paystubs for all applicants covering the last 30 days
- Two prior years of W2 forms
- Two prior years’ full tax returns with schedules (if self-employed)
- Social Security or Pension Award Letter (if applicable)
Interested in applying for a personal or home equity loan? Learn more about our loan programs at your nearest branch, or contact us to connect with someone from our lending team.
*Consult your tax advisor on the possible benefits of using your home equity as purchasing power.