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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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Download Application

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
Minimum loan amount $2,500
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 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

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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
Minimum loan amount $2,500
24 months $2,500-$5,000
60 months $5,001 or more

Boats (Non-commercial) & Accessories

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Download Application

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 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

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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
 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
Rate Loan

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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

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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

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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

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Download Application

Minimum line amount $5,000 7 years

Personal Line of Credit - Secured

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Download Application

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

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Download Application

Minimum loan amount $2,500 12 months  $2,500-$7,500
24 months  $7,501 or more

 

Member FDIC Equal Housing Lender

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