Loan Products
Consumer Loans
Considering the purchase of a vehicle or just need a personal loan? Bank of Salem has flexible repayment terms and competitive rates are available to new and existing customers.
Agriculture Loans
The area farming industry is important to us. Bank of Salem offers loans to purchase equipment, livestock, or improvements to existing farming operations.
Residential Loans
Buying or refinancing a home is one of the biggest financial decisions you will ever make. With long term financing available, Bank of Salem’s knowledgeable and friendly staff can help you find a loan that is most suitable for your needs.
Construction Loans
Ready to build your dream home? Bank of Salem can provide the financing you need to get started. Our lending department offers fast, friendly service to assist with your financial needs.
Home Improvement Loan
Looking to update your home or planning a new addition? Bank of Salem can help finance your home improvements through a variety of loan types. You may choose from a personal loan (secured by an existing asset), home equity loan, or refinancing your existing home loan.
Commercial Loans
Funds to improve your business are available at Bank of Salem. Loans may be structured to suit your business needs, including lines of credit that allow you to advance and repay funds as needed.
Ask a Bank of Salem loan representative for details. To apply for lending services, contact Bank of Salem at 870-895-2591 to speak to a member of our loan team.
USA Patriot Act Notice
Important information about procedures for opening a new account:
To help the government fight the funding of terrorism and money laundering, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, physical address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license and/or other identifying documents.