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
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Frequently Asked Questions (FAQ) About Loans

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


This Loans FAQ page provides clear, helpful details about borrowing options available through Pilot Grove Savings Bank. Each question below reflects common topics discussed during the loan process, with straightforward answers designed for clarity and confidence. Our focus remains on personal service, local decision-making, and guidance tailored to individual financial goals.

What are the benefits of a Pilot Grove Savings Bank loan?

 

Pilot Grove Savings Bank offers a personalized borrowing experience built around relationships, not transactions. Every borrower receives individual attention, allowing lenders ample time for understanding financial goals, family needs, and long-term plans.

Key advantages include:

  • Multiple loan options supporting home, agricultural, business, and personal need
  • Low closing costs and flexible down payment options
  • Direct access to knowledgeable lenders by phone or in person
  • No automated phone systems and no email-only communication

This approach helps ensure each loan structure aligns properly with the borrower’s situation.

What types of loans are available, and how do I choose one?

 

Pilot Grove Savings Bank provides a wide range of loan products, including home loans, agricultural loans, business loans, and personal loans. Since every borrowing situation differs, the best way forward involves a conversation with an experienced lender. A short discussion helps identify the loan type that fits current needs and future plans.

Can I apply for a loan online?


Online loan applications are not currently available. A secure loan application can be emailed upon request. Contacting a loan officer starts the process quickly and securely.

 

How does the loan application process work?

 
Qualifying for a loan typically involves three simple steps:
 
  • Completion of a loan application with help available at any branch
  • Proof of income, such as a recent paystub, W2, or federal tax filing
  • Tax returns for self-employed applicants
Guidance remains available throughout each step.
 

How do I know how much I can afford?

 

Every financial situation remains unique. Instead of relying only on numbers, lenders discuss household needs, goals, and future expectations. This personal conversation provides practical insight regarding affordability.

How can I calculate loan payments?

 

Loan calculators help estimate monthly payments, interest costs, and principal balances.

Available tools include:
 
 
These tools offer helpful estimates for planning purposes.
 

How can I make a loan payment?

 

Several convenient payment methods are available:

  • In-person visits at any bank location
  • Phone payments handled by bank staff
  • Automatic payments are debited through a deposit account
  • Online Banking transfers
  • Payments by mail addressed as follows:

Pilot Grove Savings Bank
1341 Pilot Grove Road Pilot Grove, IA 52648

Discussing preferred payment options with a loan officer ensures smooth and timely processing.

Still Have Questions?


If additional details are needed, our lending team stands ready with clear answers and personal guidance. Contact Pilot Grove Savings Bank today and schedule a conversation with a lender who understands your goals and values long-term financial relationships.