Personal/Business Loans

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Installment Loans 

Features:

  • Rates and terms are competitively priced
  • Payments may be automatically deducted from a TSB checking or savings account, or may be paid with cash or check
  • No penalty for early repayment
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Home Equity Line of Credit 

Features: 

  • Variable rate as low as Prime +1.5%.  The index is the Prime Rate as published in the Wall Street Journal.  The annual percentage rate can change daily.  There is no limit on the amount by which the rate can change in any one-year period.  The maximum ANNUAL PERCENTAGE RATE that can apply during the plan is 18%.
  • Property insurance is required.
  • Consult your tax advisor to determine tax deductibility of interest. 
  • Loan is subject to credit approval.
  • Primary residence is used as collateral.
  • An early termination fee will be assessed if the customer closes the credit line during the first three years. The early termination fee is comprised of all fees paid by the Bank to third parties on your behalf associated with loan closing. Fees to third parties generally total between $200 and $1,200 and may include fees for appraisals, credit reports, flood determination, government recording, and attorneys. The Bank will provide you with an itemization of fees paid to third parties at closing.

Please contact one of our friendly lenders for complete details and full account disclosure.

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Real Estate Loans 

Features:

  • Competitive rates
  • Variety of terms to fit your needs
  • Payments may be automatically deducted from a TSB checking or savings account, or may be paid with cash or check
  • Funds may be used for home purchase or refinancing, lot or land acquisition, residential construction or home improvement
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Business Loans 

Tennessee State Bank has a variety of credit options to meet the needs of your business. They include:

  • Term Loans
  • Lines of Credit
  • Letters of Credit
  • Real Estate Loans
  • Business Credit Cards
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Please contact any of our branches and ask for a lending specialist. They are available to meet you whenever and where ever it is convenient for you. To locate the branch nearest you please click here.