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Simplify and Save with a personal loan!
Wayne Bank offers a personal lending solution for nearly every need.

personal loans

Personal loans can be unsecured.

Meaning that holding collateral,
like your home, in exchange for lending you the funds is not required.

Therefore, if you’re not a homeowner or don’t have the equity in your home needed for a home equity loan or HELOC, this may be a good option for you. Approval for a personal loan is typically based on your credit score and history, and interest rates are usually lower than most credit cards.

Apply for a Personal Loan NOW!
  • We offer a simple online prequalification process that makes it easier to take that first step.

  • Wayne Bank is always ready and capable of offering expert personal assistance throughout the lending process.

  • Wayne Bank offers a variety and depth of lending options for financing a diverse range of purchases and activities.

  • Fast, local decisions and loan processing.

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Cash Reserve

When your checking account comes up a bit short, Cash Reserve provides an extra “cushion” via an unsecured personal revolving line of credit, which provides overdraft protection on your checking account. Credit lines from $1,000 to $10,000 are available upon approval of your credit application. The annual fee for this service is just $50.

Coin Stack and 4.99% APR*

*Annual Percentage Rate (APR) is limited to loans between $1,500 – $5,000 with a cost of $18.87 per $1,000 borrowed. Cost per thousand is per month and based on a maximum term of 60 months. Rate is based on a credit score of 720 and higher and subject to Wayne Bank’s credit policy. Rate assumes monthly payment is drafted from a Wayne Bank checking account. Rates are accurate as of 10/1/2021 and are subject to change. Other rates and terms are available. NMLS # 462082.

Personal Loans Unsecured Rates

Amount Maximum Term (Months) Premium Rate* Annual Percentage Rates Monthly Payment per $1000 Borrowed
$1,500 – $5,000* 60 4.99% 4.99% $18.87
$5,001 – $10,000* 60 5.99% 5.99% $19.33

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. Other rates and terms available. Minimum amount is $1,500 and maximum amount is $10,000.

Annual Percentage Rates are effective as January 20, 2022 and are subject to change without notice.

Other terms and rates are available. Please contact any local community office for additional information.

Rate assumes monthly payment is automatically drafted from a Wayne Bank checking account.

Automobile Loans

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Whether new or used vehicles, Wayne Bank’s low rates and generous term of up to 60 months, help keep your payments affordable.

Automobile Loans Rates

New / Used Term Premium Rate* Annual
Percentage Rates
Monthly Payment
per $1000 Borrowed
New 72 Months 4.25% 4.39% $15.76
Used  60 Months 4.50% 4.91% $18.65

*Based on a minimum credit score of 720 and subject to Wayne Bank’s credit policy. **Some restrictions apply. Minimum & maximum amounts may apply. Additional information such as terms, restrictions, fees & closing costs available.

Annual Percentage Rates are effective as of January 20, 2022 and are subject to change without notice.

Final rate and APR will be determined based on review of credit application.

Rates and APRs for 72-month new auto loans range from a rate of 4.25% with an APR of 4.39% as disclosed above to 5.75% with an APR of 5.90% and a monthly payment of $16.46 per $1,000 borrowed.

Rates and APRs for 60-month used auto loans range from a rate of 4.50% with an APR of 4.91% as disclosed above to 6.25% with an APR of 6.68% and a monthly payment of $19.45 per $1,000 borrowed.

Annual Percentage Rate calculations include a $100 loan documentation fee and are based on $25,000 loan for new autos and $10,000 loan for used autos.

0 – 10% down payment may be required. Restrictions may apply.

Other terms and rates are available. Please contact any local community office for additional information.