|
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. Try our Loan Calculator to help you determine the financing and payment options that are best for you. Or use our Loan Comparison Calculator to compare different interest rates, amounts and payments. |
| 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. |
| Personal Loan Options |
Printer Friendly Version |
| Loan | Maximum Loan Amount | Maximum Loan Term |
Airplane  |
New 80% Used 80% of purchase price or acceptable appraisal |
60 months $2,500-$25,000 84 months $25,001-$75,000 120 months $75,001 or more |
| Recreational Equipment to include ATV, Snow Machine, 4-wheeler |
New 85% of purchase price Used-not available |
24 months $2,500-$5,000 36 months $5,001-$7,500 48 months $7,501 or more |
| Auto & Light Truck - New |
New 90% of purchase price | 60 months under $20,000 72 months $20,001 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 |
36 months 5-7 years old 48 months 3-4 years old 60 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 Used 80% of appraisal (required) |
24 months $2,500-$5,000 36 months $5,001-$7,500 48 months $7,501 $10,000 60 months $10,001 or more |
| Boats (Pleasure) & Accessories |
New 85% of purchase price Used 80% of purchase price or acceptable appraisal |
36 months $2,500-$7,500 60 months $7,501-$15,000 84 months $15,001-$20,000 120 months $20,001-$50,000 144 months $50,001-$75,000 180 months $75,001 or more |
| Motor Homes/Recreational Vehicles |
New 85% of purchase price Used 80% of purchase price or acceptable appraisal |
36 months $2,500-$7,500 60 months $7,501-$15,000 84 months $15,001-$20,000 120 months $20,001-$50,000 144 months $50,001-$75,000 180 months $75,001 or more |
| Personal Real Estate Loans - Real Estate Loan applications may be picked up at any Northrim branch |
Back to top
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 acres36 months $2,500-$7,500
60 months $7,501-$15,000
Amounts $15,001 or more allow a 120 month amortization with a 60 month call
Home Equity Fixed
Rate Loan
80% of appraised value
Must be primary residence
1-4 family dwelling
36 months $2,500-$7,500
60 months $7,501-$15,000
84 months $15,001-$20,000
120 months $20,001-$50,000
144 months $50,001-$75,000
180 months $75,001 or more
Second Home Loan
80% of appraised value
Cabin or vacation home for owner use only36 months $2,500-$7,500
60 months $7,501-$15,000
84 months $15,001-$20,000
120 months $20,001-$50,000
144 months $50,001-$75,000
180 months $75,001 or more
| Personal Lines of Credit - Real Estate Line of Credit applications may be picked up at any Northrim branch |
Back to top
Loan
Maximum Loan Amount
Maximum Loan Term
Equity Access Line of Credit
80% of appraised value
Must be primary residence
1-4 family dwelling84 months $10,000-$25,000
Equity Plus Line of Credit
80% of appraised value
Must be primary residence
1-4 family dwelling120 months $25,001 or more
Northrim Home Equity Line of Credit
80% of appraised value
Must be primary residence
1-4 family dwelling120 months $25,001 or more
Personal Line of Credit - Unsecured
Minimum line amount $5,000
Open ended
Personal Line of Credit -
Secured
Minimum line amount $5,000
Contact us to discuss collateral optionsOpen ended
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 |
Mortgage Loans Through our Affiliate Residential Mortgage
Residential Mortgage is an Alaska-owned mortgage company with eight offices statewide. They are dedicated to superior professional real estate financing. Their goal is to provide customers with the support and personal attention they deserve. You can contact us and request a referral.
Notice to Northrim Bank Customers
We do feel it is important to disclose to you that Northrim Bank holds an equity position in Residential Mortgage. We do not receive a referral fee from Residential Mortgage if you choose to use their services. We can benefit indirectly, however, because of the investment we have in Residential Mortgage.
It is also important that you understand that, as a Northrim customer, you are not in any way obligated to use the services of Residential Mortgage. There are a number of other companies which also provide mortgage services. Selecting a mortgage lender is an important personal decision, and we encourage you to check out all your options before selecting one.
Download Printer Friendly Version
