Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Pilot Grove Savings Bank

Frequently Asked Questions (FAQ) on Loans

You've Got Questions, We've Got Answers.


The answers to many common questions are summarized below.

Frequently Asked Questions (FAQ) on Loans


What are the benefits of a Pilot Grove Savings Bank loan? Pilot Grove Savings Bank provides a personalized borrowing experience.  While many lenders assume all borrowers are the same, we strive to develop a personal relationship with each and every customer.  This helps us provide the correct product and loan structuring for each borrower.  Other benefits include low closing costs and options for down payment.

Best of all, our lenders are always available for a personal visit or phone call.  No phone trees and no 'Contact Us' only by email.

How do I know what type of loan to apply for?  Since every individual’s borrowing needs are different, Pilot Grove Savings Bank encourages people to call or set up a meeting with one of our knowledgeable lenders.

Can I apply for a loan online? Right now we are not taking online applications; however, a loan application can be securely emailed to you.  Please contact a loan officer to start the process.

What should you have ready to apply or get preapproved for a home loan?

  1. Completed loan application (don’t sweat it- just call or stop in and a friendly Pilot Grove Savings Bank loan officer will assist)
  2. Recent paystub, federal tax filing, or W2 form
  3. Tax return for self-employed individuals

How do I know how much I can afford to borrow? At Pilot Grove Savings Bank we realize there are no two situations alike.  While other lenders simply look at the numbers we go further by discussing you and your family's needs, goals, and future plans.  A conversation with one of our lenders can help provide guidance as to what is affordable for you.

How can I make a loan payment? You have a few options:

  1. In person at any Pilot Grove Savings Bank location.
  2. By a phone call to any Pilot Grove Savings Bank location.
  3. With the help of your loan officer, payments can be debited automatically from a deposit account.  
  4. Online by using the 'Transfer' function in NetTeller.
  5. By mail. In order to ensure prompt payments, please send them to:
Pilot Grove Savings Bank
341 Pilot Grove Road
Pilot Grove, IA 52648

Please discuss with your loan officer what is the most convenient way to make payments.  This will ensure you are provided the correct tools for fast and simple payment remittance.

Didn't Find the Answer to Your Question?