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Personal Loans

A new or used vehicle, home improvements, a boat or RV, credit cards --- whatever your borrowing needs might be, we're ready to help! One of our experienced loan officers will be happy to put together a financing plan that fits your budget and helps you enjoy the finer things in life. Information on applying for credit and our most popular types of consumer loans is provided below.

Auto Loans

Auto Loans-New and Used

  • Fixed rate of interest and repayment in convenient monthly installments
  • Usually, same day credit decision
  • Flexible terms enable you to stretch out payments monthly to fit your budget
  • Quarter-point rate discount if you sign up for automatic payments from your F&M Bank checking account
  • Also consider loan requests for antique, classic and special interest vehicles

Indirect (Dealer) Auto Loans

  • On-the-spot financing right at the dealership through F&M Bank
  • Nearly every local auto dealer has an agreement with us which enables them to take applications and make "indirect" loans on our behalf
  • Simply ask the finance officer to process your loan through F&M Bank
  • After you've completed your purchase, we'll be in touch with you to handle the details of your repayment plan

Home Equity & Improvement Loans

Fixed Rate Home Equity Loans

  • Borrow for a wide variety of purposes --- home improvements, an auto, or wedding expenses, and more
  • Use the equity in your home as collateral
  • Interest payments may be tax deductible (consult your tax professional for details)
  • The interest rate is usually less than on other types of consumer loans
  • The interest rate is fixed and repayment is in convenient monthly installments which makes it easy to budget

Home Equity Line of Credit

  • Apply only once, then you can borrow money anytime the need arises and in any amount up to your pre-established credit limit
  • Interest payment is due monthly; you decide when and how much to pay against the principal balance
  • Interest payments may be tax deductible (consult your tax professional for details)
  • The interest rate is variable and is adjusted periodically based on changes in the prime rate
  • A monthly billing statement is provided that shows all account activity and the minimum payment due

Special Loans

Boat, RV & Motorcycle Loans

  • Competitive fixed interest rate
  • Repayment is in convenient monthly installments which makes it easy to budget
  • Quarter-point rate discount if you sign up for automatic payments from your F&M Bank checking account

CD Loans

  • Borrowing against a F&M Bank certificate of deposit is often one of the lowest-cost loans available
  • Make loans against all non-IRA/retirement CDs at extremely competitive rates of interest
  • Repayment can be in the form of monthly installments or a single payment due when your CD matures
  • Another advantage is this type of loan keeps your investment program intact