Loans + Credit Lines
Northrim Bank offers a wide variety of personal loan products and services. We respond to your financial needs quickly and professionally. Every credit decision is made locally so there is no delay in service. Please review our loan options below.
Loan Applications may be downloaded online or picked up at any Northrim branch.
Completed applications may be returned to any Northrim branch or mailed to Northrim Bank, P.O. Box 241489, Anchorage, AK 99524.
Printer Friendly VersionPersonal Loan Options
Personal Secured Loans
| Loan | Maximum Loan Amount | Maximum Loan Term |
|
Airplane
|
New 80% Used 80% of purchase price or acceptable appraisal |
36 months $2,500-$10,000 84 months $10,001-$50,000 120 months $50,001 or more |
|
Recreational Equipment
|
New 85% of purchase price Used - not available |
24 months $2,500-$5,000 36 months $5,001 or more |
|
Auto & Light Truck - New
|
New 95% of purchase price Minimum loan amount $2,500 |
Up to 72 months $2,500 or more |
|
Auto & Light Truck - Used
|
Used 80% of purchase price (No more than the average loan value as published in the NADA car/truck guide.) Minimum loan amount $2,500 |
48 months 5-7 years old 60 months 3-4 years old 72 months 1-2 years old |
|
Cash Secured - Savings or CD
|
100% of balance Minimum loan amount $500 |
Term to match CD or savings |
|
Motorcycle
|
New 85% of purchase price Minimum loan amount $2,500 |
24 months $2,500-$5,000 60 months $5,001 or more |
|
Boats (Non-commercial) & Accessories
|
New 85% of purchase price Used 80% of purchase price or acceptable appraisal Minimum loan amount $2,500 |
36 months $2,500-$10,000 84 months $10,001-$50,000 120 months $50,001 or more |
|
Motor Homes/Recreational Vehicles
|
New 85% of purchase price Used 80% of purchase price (No more than the average loan value as published in the NADA car/truck guide.) Minimum loan amount $2,500 |
36 months $2,500-$10,000 84 months $10,001-$50,000 120 months $50,001 or more |
Personal Real Estate Loans - Real Estate Loan applications may be picked up at any Northrim branch
| Loan | Maximum Loan Amount | Maximum Loan Term |
|
Residential Lot Loans - road access
|
70% of appraised value for improved lots with utilities under 5 acres 50% of appraised value for unimproved lots or over 5 acres |
60 months $2,500-$25,000 $25,001 - $50,000, 60 month term with 84 month amortization (results in balloon payment) $50,001 or more, 60 month term with 120 month amortization (results in balloon payment) |
|
Home Equity Fixed
|
80% of appraised value Must be primary residence 1-4 family dwelling |
60 months $2,500-$25,000 84 months $25,001-$50,000 120 months $50,001 or more |
|
Second Home Loan
|
75% of appraised value on properties with public power and on-site water and sewer. 50% of appraised value on properties without utilities. Cabin or vacation home for owner use only |
60 months $2,500-$25,000 84 months $25,001-$50,000 120 months $50,001 or more |
Personal Lines of Credit - Real Estate Line of Credit applications may be picked up at any Northrim branch
| Loan | Maximum Loan Amount | Maximum Loan Term |
|
Northrim Home Equity Line of Credit
|
80% of appraised value 70% of appraised value for amounts over $500,001 Must be primary residence 1-4 family dwelling Minimum line amount $10,000 |
120 months |
|
Personal Line of Credit - Unsecured
|
Minimum line amount $5,000 | 7 years |
|
Personal Line of Credit - Secured
|
Minimum line amount $5,000 Contact us to discuss collateral options |
10 years |
Personal Unsecured Credit
| Loan | Maximum Loan Amount | Maximum Loan Term |
|
Personal Loan Unsecured
|
Minimum loan amount $2,500 | 12 months $2,500-$7,500 24 months $7,501 or more |
