Vectra Bank Colorado - Personal Banking

Personal Banking
Loans

Whether you need a new car, debt consolidation, new kitchen, or computer, Vectra Bank Colorado has a consumer loan to help you. Review our loan options and rates below and learn more with our FAQ. Use the financial calculators to calculate an estimated payment. If you need assistance in deciding which loan is right for you or if you prefer to apply over the phone, please call our TeleLoan line at 1-888-294-7838 or visit one of our personal bankers at a branch near you.

Loan Types

Home Refinance
Home Equity Credit Line
Home Equity Loan
New/Used Automobiles
Recreational Vehicles
Personal Signature Loan
Vectra Bank Credit Cards

Lower Interest Rates
You'll find our rates to be among the lowest around. And you can make your rate even lower by having your payment automatically deducted from your Vectra Bank checking account (excludes promotional rates). Customers who use the AutoPay feature will receive a discount on the loan rate.

Apply Online Now
Vectra now offers the ability to apply online for your consumer loan. The loan application process is very quick. Depending on the type of loan and whether you have a co-applicant, the application process can take between 10 and 15 minutes. We will respond to your application as quickly as possible. In some cases, this may be within a few minutes of applying, in others it could take up to one business day. To apply, simply click on the apply button under each section.

How Does This Process Work?
After you choose the financing that fits your needs we'll ask you some questions. We'll ask you to tell us about the type of collateral you would use, your home, your car, a RV. If you choose to apply for a credit card or a personal loan this information would not be necessary. We then ask you to tell us about yourself and about your co-applicant if there is one. We need to know where you and your co-applicant live and where you work. We will ask about your income, your assets, your debts and any payments you are making. In some cases we are required to ask government reporting questions about race, gender and marital status, which you may choose not to answer. If you accept the terms of the application, and you have answered all the required questions, Vectra Bank will process your application and provide you with a loan status. Loan disclosures will be sent to you in the mail where applicable. If your loan is approved, we will notify you of the next step. There may be some additional information required, such as proof of valid identification, evidence of employment, tax returns, automobile title, property tax notice, trust documents, etc. Rest assured, this process is quick and we will walk you through every step. We then will set up a time where you can go to the branch of your choice to close the loan. If your loan cannot be approved, we will immediately inform you by mail of the reasons.

Credit Life and Disability Insurance
If you would like to include Credit Life or Disability Insurance with a loan, please call 1-888-294-7838.

Home Refinance
What makes our Home Refinance Loan so special? You pay no fees or closing costs* and you still get a great fixed rate! You lock in record-low interest, lower your payment, and still finish paying off your mortgage fast. Or if you prefer, we have an adjustable rate mortgage with an even lower rate and monthly payment. Check out our 5/5 Adjustable Rate Mortgage with no fees or closing costs by calling your personal banker today.**

No Set-Up Fees: When we say "no fees," we really mean it. With a Home Refinance Loan from Vectra Bank you'll avoid paying origination fees, points, closing costs, title insurance fees and appraisal fees*.

Tax Advantages: When you use your Home Refinance Loan to finance something, you can usually write off 100% of the interest you pay. Make sure you consult your tax advisor about the tax deductibility of interest.

How Much Can You Get? The amount of your loan depends on your income and debt levels, your credit history and the property value of your home***. The maximum loan-to-value ratio for a home refinance loan is 80%. To estimate your loan-to-value ratio, simply divide the expected loan amount by the value of your home.

Rates
Please call our TeleLoan line at 1-888-294-7838 or visit one of our Personal Bankers at a branch near you for information on the latest rates.

*Subject to credit approval. No fees or closing costs on loans from $25,000 up to $250,000. **The APR on Adjustable Rate Mortgage is subject to increase after consummation. The 5/5 ARM application is not available online.
*** Property value to be determined by the bank.

Home Equity Credit Line
For most homeowners, a Home Equity Line of Credit is one of the easiest and most economical ways to borrow. You can use the equity in your home to consolidate high bills into just one low monthly payment. Or finance major expenses such as college tuition, home remodeling and renovation - even vacations, new vehicles and more!

With a Home Equity Credit Line, you apply only once and then you may use your credit line whenever you want. To access your line, simply write a check. Repay and your credit line is replenished. You may use your credit line over and over, so it's great for recurring bills like college tuition paid quarterly, or expenses that will occur in stages, such as home remodeling. It also gives you peace of mind if you simply want to have extra cash available whenever you need it. Naturally, you pay interest only on the amount you actually borrow.

Because your residence secures your line of credit, your interest is almost always lower than with other forms of borrowing. It's usually tax deductible - but of course you'll want to consult your tax advisor for full details about the tax advantages.