A consumer loan can help you take control of your finances. We offer secured or unsecured loans to help you with large or small purchases like taking that dream vacation, or paying off credit card debt. Interest rates and terms vary depending on the collateral used for the loan.
Unsecured Line of Credit1
An unsecured line of credit gives you flexibility to access funds for planned (or unplanned) expenses when you need it! An unsecured line of credit is an open-end unsecured loan that you can access for just about anything - overdraft protection, home improvements, paying off debt, covering an unexpected expense, you name it! In the event you use your Severn Savings Bank debit card to pay for something, and you don't have enough money in your account to cover the transaction, you can set up your unsecured line of credit to automatically transfer the funds into your account to avoid your card getting declined.
In addition to our unsecured line of credit, we also offer an unsecured premier2 line of credit for customers who have higher personal liquidity needs.
Boat Loans
Have you always dreamed of owning a boat? Are the seas calling your name to set sail on a new adventure? Maybe it’s time to talk to a lender about financing that boat purchase! Working with a lender allows you to buy a new, or used, boat now and pay it off over time. Just think, you can escape reality sooner than you think without having to save your pennies for a long-time. If you’re tired of dreaming of a boat, and you’re ready to be the proud owner of one, give us a call! We are here to make good things happen.
Vehicle Loans
We know that purchasing a new, or used, vehicle by simply signing a check and driving away isn’t how most people go about it. If you need help financing a vehicle purchase, we might just be the perfect partner to help you make that happen! At Severn Savings Bank, we love helping make our customers dreams come true. So whether you’re looking to buy that brand new shiny sports car or your next family SUV, we can help you get behind the wheel! Call one of our experienced, and professional lenders today to get started.
Find your local branch to apply
1Unsecured lines of credit are subject to credit approval.
2Unsecured premier lines of credit requires a personal financial statement to be submitted with the loan application.
