Loans
State Bank of Park Rapids wants to help you realize your dreams! Look to us when you want to start a new business, purchase a new home, automobile, ATV, or boat. We’re here to serve your financial needs with fast, friendly professional service and competitive interest rates and repayment options!
Credit life and accident and health insurance on your consumer and real estate loans will provide additional financial security. Ask your personal loan officer for more information.
Sharon Weaver | State Bank of Park Rapids is experienced in writing many types of mortgages. We process conventional, VA, FHA, FMHA, First-time home buyers, and home construction loans. We offer fixed rate long-term mortgages in addition to variable interest rate and balloon payment mortgages. HOME EQUITY LOANSUse the equity in your home to remodel, build that addition, landscape, build a garage, or even purchase a vehicle! You could benefit from tax advantages with a home equity loan. Consult your tax advisor for tax benefit information. HOME IMPROVEMENT LOANSWe will service your home improvement needs using MHFA Home Improvement & Energy loans or through conventional in-house lending. Calculate your loan... check out our calculators!Looking for a Realtor?
Looking for a Contractor?Disclaimer: State Bank of Park Rapids is not responsible for information contained in website links provided. If you click on a link provided, you will no longer be in the State Bank of Park Rapids website.
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Dawn Landstrom |
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Consumer LoansINSTALLMENT LOANSLook to State Bank of Park Rapids for purchases of:
PERSONAL CREDIT LINESFreedom FundsFreedom Funds is a loan that automatically advances money to your checking account in $100 increments to cover checks that overdraw your account. Because this is a loan, an application is required. A loan officer will assist you in determining what the total amount available for your Freedom Funds loan should be. You'll pay interest only on the amount you use, not the total amount available on the loan. Repayments are made monthly. Freedom Funds are a great way to avoid overdraft fees when you find yourself a little short of cash. Calculate your loan... check out our calculators! |
Jim Heeren
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Jerry Janz President/CEO
Jon Smythe Vice President | Commercial LoansState Bank is experienced in processing both conventional and SBA commercial loans. Talk to one of our commercial loan specialists to see what will work best for you!
BUSINESS MANAGER ACCOUNTWouldn’t it be nice to receive immediate cash for your receivables? Wouldn’t it be nice to get out of the billing business and back to the business at hand? We have the answer.
AGRICULTURAL LOANSState Bank services many area farmers with their borrowing needs, from crop loans to major farm expansion loans, we can help you. Calculate your loan... |
James Harding Vice President Commercial Loan Officer
Rose Higgins |
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State Bank of Park Rapids offers Visa and Mastercard credit card accounts.
Please come in and fill out an application or contact us and we'll mail one to you. |  Get your State Bank of Park Rapids Credit Card balance and activity online!
Calculate your deposits... |
This calculator will give you an accurate amortization of the financial data you supply.
Using the Amortization Calculator:
Under Principal, enter the amount of the loan with cents (no dollar sign) ie. 61924.95
Under Interest, enter interest rate using decimals (no interest sign) i.e. 7.25
Under Payments, enter the number of payments remaining OR under Number of Years, enter years remaining. Note: When entering your information, enter the "Number of Payments" OR the "Number of Years." If both fields are filled out, your amortization will use the "Number of Years" for calculation.
Choose how the mortgage is compounded. i.e. monthly, bi-weekly, etc. Usually when/how often you make your payments.
Disclaimer: Use of this application constitutes acceptance of any and all risk associated with the resultant data. While every precaution has been made to minimize and/or eliminate errors, State Bank of Park Rapids, and all associated parties shall not be held liable or accountable for any damages resulting from its use.
Amortization calculator
| Have a mortgage? Looking for a mortgage? This calculator will help you determine what you need to know. You'll need to fill in four of the five fields for the information you're looking for.
This Pricer is for approximating loans only, please check with your friendly State Bank Loan Officer for exact information. |
Mortgage calculator
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| HIGHER LEARNING FUND | ||
| APY | Interest Rate | |
| 4.06 % | 4.00 % | |
| CERTIFICATES OF DEPOSIT | ||
| APY | Interest Rate | Term |
| 2.37 % | 2.35 % | 6 Month |
| 2.78 % | 2.75 % | 12 Month |
| 2.88 % | 2.85 % | 24 Month |
(APY=Annual Percentage Yield)
