Helping Hands Loan
BOL Brief: Community Banking Month
As a community bank, we make decisions locally, allowing us the freedom and flexibility to help our friends and neighbors when they need it most. Hear directly from Bank of Luxemburg President Tim Treml about our history as a community bank and how it has helped us swiftly respond to the COVID-19 crisis.
Apply for our new consumer loan with no payments for 90 days.
Bank of Luxemburg understands the financial hardships many of our friends and neighbors are facing during this unprecedented time. Unexpected expenses and loss of income are making it difficult to make ends meet. To provide relief to our valued customer offering a limited-time Helping Hands consumer loan:
Amount: Up to $10,000/household with no payments for 90 days
Term: Up to 36 months
Rate: 5.99% APR (with no origination fee)*
Collateral: Not required
To qualify, you must be an existing Bank of Luxemburg customer in good standing and must be affected in some way by the COVID-19 crisis.
*APR=Annual Percentage Rate is not an interest rate but a measure of the cost of credit which includes the contract interest rate, fees, etc. which may be higher than the contract interest rate. Example $10,000.00 with an interest rate of 5.99% with a corresponding annual percentage rate of 5.99%. Principal and interest payments of $307.14 for 36 months. First payment is due 90 days after consummation. No origination fee.