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Personal

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.

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Personal Loan Options

Personal Secured Loans

Loan Maximum Loan Amount Maximum Loan Term

Airplane

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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
to include ATV, Snow Machine,
4-wheeler

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New 85% of purchase price
Used - not available
24 months $2,500-$5,000
36 months $5,001 or more

Auto & Light Truck - New

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New 95% of purchase price Up to 72 months $2,500 or more

Auto & Light Truck - Used

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Used 80% of purchase price
(no more than the clean retail value less the required down payment as outlined 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

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100% of balance
Minimum loan amount $500
Term to match CD or savings

Motorcycle

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New 85% of purchase price
Used - not available
24 months $2,500-$5,000
60 months $5,001 or more

Boats (Non-commercial) & Accessories

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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

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Download Application

New 85% of purchase price
Used 80% of current appraisal, NADA value or dealer purchase invoice. Whichever is less.
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

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70% of appraised value for improved lots with utilities under 5 acres
50% of appraised value for unimproved lots or over 5 acres
No Remote Property/No Road Access
$2,500-$25,000 60 months
$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
Rate Loan

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80% of appraised value
Primary Residence or Rental Property
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

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75% of Loan-to-Value
50% of Loan-to-Value without public power and on site sewer
No Remote Property/No Road Access
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

Home Equity Line of Credit

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80% of appraised value
Must be primary residence
1-4 family dwelling
120 months $10,000 or more

Personal Line of Credit - Unsecured

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Minimum line amount $5,000 84 months

Personal Line of Credit - Secured

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Minimum line amount $5,000
Contact us to discuss collateral options
120 months


Personal Unsecured Credit

Loan Maximum Loan Amount Maximum Loan Term

Personal Loan Unsecured

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Minimum loan amount $5,000 24 months                                     

 

Member FDIC Equal Housing Lender

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