Simple financing for everyday needs
Personal Loans
Get funds for special purchases other than a home or vehicle. Our personal loans are both cost-effective and flexible.¹
Take care of your immediate needs with a personal loan
Make a major purchase, consolidate debt or cover unexpected expenses with a Mountain America personal loan (also known as a signature loan). Get some of the best interest rates and terms to pay for short-term expenses like taxes, vacations or debt consolidation.
Personal loan features
- Terms up to 5 years²
- Personal loan interest rates as low as % APR
- No application fees
- No collateral required
Today's Rate
Personal Loan
36-month fixed
Personal loans signed, sealed, delivered
A personal loan could be yours in minutes. Log in to our free mobile banking app and follow these steps:
- Tap Loans / New Account on the main menu
- Tap Apply for a Loan, then tap Personal Loan
Don’t have the app? Download it now to get started.
App StoreGoogle PlayYou can also contact your nearest branch, call the service center at 1-800-748-4302, or apply online.
Apply nowPersonal loan FAQs
What is a personal loan?
A personal loan, often called a signature loan, or a good faith loan, is a type of unsecured personal loan offered by a financial institution. The primary requirement of these loans is the borrower’s signature and their promise to pay. Most institutions may also check a borrower’s credit score, and some require a loan cosigner. Like other loans, you'll make fixed monthly payments during your loan term until it's paid.
Personal loans are an unsecured term loan. This means that the loan isn’t secured by collateral, like a borrower’s car loan or home mortgage. The term requires that the loan is paid off during a predetermined timeframe, which is typically through monthly payments during the duration of the loan term.
What are common uses for a personal loan?
Personal loans can be used for a variety of purposes, including:
- Major expenses like medical bills, home improvements and emergencies
- Debt consolidation to pay off high-interest credit cards or loans
- Short-term expenses like taxes, vacations and weddings
Note: Many lenders restrict using personal loans for investments, down payments and business expenses.
Why choose a personal loan from Mountain America?
Mountain America offers flexible personal loans to help you finance your everyday needs. With competitive interest rates as low as % APR, our personal loans offer a cost-effective option for your expenses. Additionally, no collateral is required. Depending on your situation, we offer flexible repayment terms up to five years.
While rates for personal loans may be higher than rates for secured loans, you will almost always get a lower rate than a credit card with a personal loan.
You can apply for a personal loan at Mountain America here or in person at your nearest branch location.
Additional resources
Credit Score Pitfalls
Optimal Loan Strategies
- Loans on approved credit.