Washington Trust Bank has a variety of lending products with flexible payment options, terms and competitive rates. We underwrite and service all our loans locally (except for home loans) which means quick turnaround time for our customers. With our online banking tool, you have the ability to monitor your loan and make monthly loan payments at your convenience. Our lines of credit can also be considered for Overdraft Protection on your Washington Trust Bank checking account.
Here are a few of our loans that may be helpful for you.
Personal Loans & Personal Lines of Credit
If you don't own a home or prefer not to tap into your home equity, a personal loan or personal line of credit could be an option. A personal loan provides the predictability of a fixed monthly payment for a defined length of time, and can be used for a variety of purposes. You can also benefit from variable interest rates and convenient access to the funds you need.
We can put you in the driver's seat with an auto loan that is tailored for you. New or used, short or long term, dealer or private party – take your pick. We offer great rates and terms, and in some cases we can finance 100% of your vehicles value based on credit approval.
Boats, motorcycles, motor homes and more
If it has an engine, chances are we can finance it. We offer a wide variety of loans that can help you have fun. Ask a representative about the different options available for your new toy.
Home Equity Loan / Home Equity Line of Credit
Use your home's equity to finance a kitchen remodel, a vacation, a new car or anything you choose. Our Home Equity Advantage gives you the benefits of a home equity line of credit with the advantage of a fixed rate loan option. You can establish as many as five fixed-rate loan options during your draw period, using any or all of your credit line. As you make payments, your credit line is replenished to use again. Flexible and predictable—the perfect combination. Plus, home equity loans and lines of credit can offer advantages over other forms of borrowing, including low interest rates, flexible payment options and in some cases, the interest is tax deductible.* Our home equity line of credit also comes with a Home Equity Advantage (HEA) debit card with ScoreCard® Rewards. It's more convenient than carrying checks—and every time you use your HEA card, you earn points for all kinds of great merchandise, travel, music and more.
Stop by a branch today and apply for a personal loan.FIND A LOCATION
All loans based on credit approval. Personal loans and personal lines of credit are not eligible for student expenses.
*Consult your tax advisor regarding the deductibility of home equity interest and the current tax law as it applies to you.