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Buying a new car? Improving your home? Or just consolidating your higher-interest debt? Whatever your needs, a loan from First National Bank Omaha provides you with both savings and simplicity.

When you mention the word "loan," most people think of a home mortgage. They are, without a doubt, the loan of choice for most Americans, thanks to their tax advantages and relatively low rates.

However, if you need quick access to cash and aren't a homeowner, or don't want to touch the equity in your home, an unsecured, or personal, loan is a viable option. If you have good credit and need a moderate amount of money, a personal loan can be a very attractive alternative to a credit card or asking friends or family to help you out.

Good Credit, Better Personal Loan Rates

The financial world tends to smile upon people who have good credit. Unsecured loans are no different. Because a lending institution doesn't have the luxury of using your property as collateral for an unsecured loan, they must use your credit score as the criteria for their lending decisions. Thus, the better your credit, the better your interest rate and monthly payment will be. They'll also look at your income and debt, to make sure you aren't overextending yourself.

Personal Loans

Allows consumers to obtain financial products from a multitude of lenders. Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. ... Choose both a state and city below to see loans available in your location.

Loans - Personal Loans

Borrow with confidence Because we want you to be completely satisfied, our resources offer a Satisfaction Guarantee.

What Is Loan?

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the ' and the '. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.

US interest only mortgages

In the United States, a five or ten year interest-only period is typical. After this time, the principal balance is amortized for the remaining term. In other words, if a borrower had a thirty year mortgage and the first ten years were interest only, at the end of the first ten years, the principal balance would be amortized for the remaining period of twenty years. The practical result is that the early repayments (in the interest-only period) are substantially lower than the later repayments. This enables a borrower who expects to increase their salary substantially over the course of the loan to borrow more than they would have otherwise been able to afford. Interest only loans were popular in the 1920s. Due to the economic downturn and lack of work for the average person, there were many foreclosures during the Great Depression of the 1930s.

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