Personal Loan

Woodforest National Bank Personal Loans – Loan Types and Features

An unexpected expense should not put a strain on your monthly budget. There is always a help available when you need some financial aid to meet your needs.

Several banks and credit unions would be more than willing to offer you personal loans and lines of credit that will help you meet your financial goals.

 
 

Founded in 1980, Woodforest National Bank is a privately held bank based in The Woodlands, Texas. With assets of approximately $4 billion, the bank operates more than 788 branches in 17 different US states.

Woodforest National Bank employs more than 4800 people and it is the largest retail partner of Walmart.

Visit a nearest branch or call at 1-877-562-6962 and speak with a Woodforest representative for more information regarding loan products, fees and services.

Types of Personal Loans at Woodforest National Bank

In addition to a number of personal banking and business banking services, the bank offers a wide variety of consumer loan products such as the following.

Home Equity Loan

A home equity loan from Woodforest National Bank makes it easy for you to convert your home’s equity value into cash. You can use the funds to make home improvements, finance a major purchase, consolidate high-interest debts, or pay for child’s education.

The bank offers fixed interest rates and flexible repayment terms with its home equity loans. To complete your online loan application, you are required to provide the following information:

  • Outstanding balance and payment details on your existing mortgage (if applicable).
  • Total amount and frequency of payment for property insurance, property taxes, flood insurance, and homeowners association dues (if applicable).

Home Equity Line of Credit

A home equity line of credit allows you to convert your home’s equity to cash and provide instant access to funds when you need it. You can borrow little or as much as you need up to the established credit limit at the closing.

Woodforest National Bank offers variable interest rate and flexible terms with its home equity line of credit.

Use the funds to repair your home, plan a vacation, pay off bills, or to make a major purchase. You can make online application by providing the following information:

  • Outstanding balance and payment details on your existing mortgage (if applicable).
  • Total amount and frequency of payment for property insurance, property taxes, flood insurance, and homeowners association dues (if applicable).

Home Improvement Loan

If you are thinking to add a bedroom or build a porch on your home, the Woodforest National Bank offers home improvement loan that can help you accomplish your goal.

This loan comes with fixed interest rate and flexible repayment terms and you can enjoy the convenience of making online loan application.

Automobile or Recreational Vehicle Loan

Dreaming to purchase a new or used truck, car, boat, motorcycle, or a recreational vehicle?

Fixed-rate loans offered by Woodforest National Bank will allow you to realize your dream. The bank offers flexible terms with their auto loans and the interest rates are also very competitive.

Residential Mortgage & Construction Loans

Woodforest National Bank endeavors to serve the mortgage needs of low-income home buyers.

In association with Quicken Loans, Woodforest National Bank offers a number of mortgage lending options that include refinance loans, purchase loans, and cash out loans.

Some benefits that you can get as a Woodforest customer are:

  • Cash back of $500 after closing and a limited time appraisal credit at the time of closing
  • VIP treatment from an experienced team of home loan specialists at Quicken Loans
  • Complimentary mortgage reviews in order to compare your mortgage options
  • Online tools and mobile apps that allow you to track your mortgage account at any time

ReLi® – Unsecured Revolving Line of Credit 

An unsecured revolving line of credit from Woodforest is a great option to meet your short term borrowing needs. This line of credit is also a convenient way to protect yourself from expensive overdraft charges.

Interest charges will be applied only on the advanced amount and your repayment will be made through automatic debit out of your linked deposit account with the bank.

ReLi® – Secured Revolving Line of Credit

Secured by your Certificate of Deposit with Woodforest National Bank, a Secured Revolving Line of Credit offers you instant access to funds and allow you to establish a good credit history.

This revolving line of credit has a fixed interest rate and it is linked to your deposit account with Woodforest.

 

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