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Consumer Loan Rates

Auto Loan Rates

Interest As Low As APR Max Term
Auto Loan Rate 3.24% 3.49% 84 MOS.

*APR is Annual Percentage Rate. Subject to credit review and approval. All other loan terms and conditions apply. Rate based on automatic withdrawal of payment from ChoiceOne account. APR based on $20,000 loan with 72 monthly payments with a monthly payment of $313.31.

Home Equity Term Loan & Lines Of Credit

Interest As Low As APR
Fixed Term 5.250% 5.369%*
HELOC Variable Term 2.99%** N/A

*APR is Annual Percentage Rate. Subject to credit review and approval. All other terms and conditions apply. APR based on $20,000 loan with 180 monthly payments. Combined loan to value ratio must be 80 percent or less. Rate applies to home equity loans $5,000 up to $100,000 with a maximum of 180 month term. Consult a tax advisor regarding the deductibility of interest. Check with your local ChoiceOne Bank representative for more information. Loans are subject to credit review and approval.

**APR = Annual Percentage Rate. Introductory rate of 2.99% begins on date of closing and is effective for 12 months. After the 12-month period, the maximum APR that may apply is 18% and is disclosed in your Home Equity Line of Credit Account Credit Agreement and Disclosure Statement. Variable rate based on credit. Minimum loan amount of $5,000. Payments will be interest only for a 10-year period, with a balloon payment of all outstanding principal due at maturity.  Example loan for $20,000, rate 2.99% for a term of 12 months, with a monthly payment of $49.83. After 10 years, a balloon payment of $20,000 would be due.

Closing costs typically include title insurance, recording fee and range from $350 to $1,200. These costs are initially waived by ChoiceOne Bank. Property insurance required. Programs, rates, terms and conditions are subject to change without notice. Introductory APR offered on new ChoiceOne Bank Home Equity Line of Credit. Customers who currently have a Home Equity Line of Credit through ChoiceOne Bank are not eligible. Offer valid on owner occupied property only where collateral loan to value is 80% or less. Proof of income required, subject to normal underwriting guidelines. Other restrictions may apply. Introductory APR offer good January 1, 2022 through June 17, 2022. Subject to credit approval.

Variable rates based on Prime plus or minus a margin (margin identified at time of application, is defined as the number of percentage points the lender subtracts or adds to the index rate to determine the annual percentage rate to be charged).

Recreational Vehicle & Equipment Loan Rates

Interest As Low As Max Term Up To $24,999 Max Term Over $25,000 Max Term Over $50,000
Boats, Motor Homes, Campers, Trailers and Lawn & Garden 5.24% 60 MOS.
APR: 5.53%
120 MOS.
APR: 5.32%
180 MOS.
APR: 5.29%

*APR is Annual Percentage Rate. Subject to credit review and approval. All other loan terms and conditions apply. Rate based on automatic withdrawal of payment from ChoiceOne account.

Unsecured Consumer Loan Rates

Interest As Low As APR Max Term
Unsecured Up To $15,000 8.99% 9.49% 60 MOS.

*APR= Annual Percentage Rate. Subject to credit review and approval. Rate based on automatic withdrawal of payment from ChoiceOne account. All other loan terms and conditions apply. Unsecured: APR based on $15,000 loan with 60 monthly payments with a monthly payment of $307.62.

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  1. Your Social Security Number or Individual Tax Identification Number (ITIN)
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What this means for you:
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Online Applications are available for residents of our service area including Kent, Newaygo, Muskegon, Ottawa, Montcalm, Oceana, Osceola, Ionia, Mecosta, Lake, Allegan, and Barry Counties in Michigan.