Personal Loans

Personal Loan Options

You'll find that we offer flexible consumer loans made to fit a wide variety of needs. At Queenstown Bank, all loan decisions are made quickly and locally.

Some of our most requested consumer lending options are listed below. Please call (410) 827-8881, email our lending department or visit any of our convenient offices and one of our knowledgeable, experienced lenders will assist you in determining the best borrowing option for your circumstances.

• Real Estate Loans
• HELOC/Home Equity Loans
• Auto Loans
• Other Personal Loans

Dream Home Construction-Permanent Loans Program

Are you ready to build your Dream Home? Queenstown Bank offers its Dream Home Construction-Permanent Loan which allows you to build the house of your dreams with a convenient one-time closing for both the construction funding and the permanent mortgage. You can lock in your permanent mortgage rate up front, eliminating that worry while your home is under construction. Learn more about the construction-permanent process by reviewing our "Guide to Construction-Permanent Financing".

HELOC/Home Equity Loan

Queenstown Bank’s Home Equity Programs allow you to take advantage of the great rates and tax benefits that borrowing based on your home's equity may provide. Your credit line or fixed rate loan can be used for purposes such as home improvements, educational expenses, medical expenses, automobile repairs, debt consolidation or whatever you need. Queenstown Bank offers the following home equity options:

• Variable Rate Home Equity Lines of Credit (HELOC)
• Fixed Rate Home Equity Loans

For Home Equity Lines of Credit (HELOC), Queenstown Bank will agree to waive up to $2,000 of your closing costs (including your appraisal costs) at closing.* 

*To qualify for the waiver, the line must be kept open for three years from the date of your settlement.  If the line closes prior to three years for any reason, the Bank will collect the amount of the waived closing costs by including the amount in your payoff.  The Bank will collect a fee for the appraisal up front, which will be refunded at settlement as part of the waived closing costs.  Closing costs generally range from $1,775 to $8,980.  The HELOC is a variable rate equal to the Prime Rate published in the Wall Street Journal for a first lien or Prime Rate plus 0.50% for a second lien.  As of May 4, 2023, the Annual Percentage Rate (APR) was 8.25% or 8.75% respectively.  The APR can change as often as daily but will not exceed 24%.  Adequate property insurance is required.

Auto Loans

Searching for a new car or looking to refinance the car you have? We offer competitive rates on loans for both new and used vehicles for various terms. Credit decisions are made locally and delivered promptly. Stop by any branch location and an associate will be available to assist you.

Other Personal Loans

Customers can get the funds they need for a variety of reasons; debt consolidation, vacation expenses or other personal needs. We are committed to helping you with all of your credit needs. At Queenstown Bank, you will experience an easy application process, quick turnaround time and local loan decisions. Stop by any branch location and an associate will be available to assist you.