Consumer Loans

Mortgage Loans

Commercial Loans

Repayment Methods

Credit Life and Disability Insurance




Personal Loans

Laona State Bank offers financing with competitive rates and terms for all types of loans. Contact a Lender for more details.

Auto Loans

We can put you behind the wheel of the vehicle of your dreams, whether new or used. Let us finance your next car, truck, van, or SUV. Contact a lender for terms and current rates.

Recreational and Equipment Loans

Let us help you enjoy the outdoors, pursue hobbies, or just have fun.

We finance:

  • Boats
  • ATVs
  • Snowmobiles
  • Lawn and garden equipment
  • Snow removal equipment
  • RVs and campers
  • Much More


Reserve Credit Line

Covert your good credit to cash.  When approved, this convenient credit plan becomes an advance personal, unsecured loan for emergencies, spontaneous purchases, or to cover your checking account to avoid overdraft complications and charges.  Know the comfort and freedom of having a reserve fund at your command.



Mortgage Loan Products




In House Mortgage Loans
Construction Loans
Secondary Market Mortgage Loans
Home Equity Loans
Home Equity Line of Credit


In-House Mortgage Loan

Laona State Bank is committed to helping people attain their dream. Whether it’s to own your own home, second home, cottage, investment property, or vacant land for hunting or recreation, we offer affordable loans with reasonable, competitive rates.

  • Simple Application Process
  • No Prepayment Penalty
  • No Escrow Requirements
  • Monthly, Bi-Monthly, or Weekly Payment Options – Breaking your monthly payment down can save you a significant amount in interest and allows you to pay your loan off early.
  • Serviced In-House – Talk to your loan officer at any time.

Ask one of our Loan Officers if refinancing your current mortgage or consolidating other debt onto your mortgage would lower the interest rate you currently pay. You can save big with just a small decrease in your interest rate or use the lower rate to shorten the term on your loan. Consolidating your debt into one payment could free cash for other things. Bring in a completed mortgage application and discuss what options are right for you. Contact a lender to discuss various rates and terms.

Construction Loan

A Construction Loan accrues interest only on the funds drawn and is paid on a monthly basis. The loan can be converted to a mortgage loan when construction is complete.

  • Easy Application Process
  • No Escrow Required

Secondary Market Mortgage Loans

Secondary Market Mortgage Loans are not held and serviced by Laona State Bank, but our lenders will help you through the underwriting process. The Secondary Market offers ARM's and long term fixed rate loans that may offer a lower rate or require less down. Contact a lender to discuss guidelines, rates and term options.

Home Equity Loan

Home Equity Loans allow you to make the equity you have built in your home go to work for you. Use it for whatever you like. Whether you need money for remodeling, a vacation, a car, or to pay off credit card debt, a Home Equity Loan gives you an attractive fixed loan rate. This loan option gives you a regular payment each month for a set amortized schedule to make budgeting easier and in many instances the interest you pay is tax deductible. Consult a tax advisor regarding tax advantages. The equity in your home can be one of your best assets, so why not use it.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit allows you to use the equity in your home to obtain a revolving line of credit to use for any reason and at any time. This loan option lets you draw from your home equity as you need to and then make payments on what you have borrowed based on the principle balance. They are easy to access and can be used again and again, like a credit card without the card. A HELOC is a renewable, variable interest rate loan that is subject to change at any time. The interest you pay is tax deductible in many instances. Consult a tax advisor regarding possible tax advantages. 



Commercial Loans

Laona State Bank is a rural community bank committed to meeting the financial needs of local businesses. We provide a variety of loans to help meet your business needs.

  • Commercial Real Estate Loans – Loans to purchase, improve, or refinance commercial buildings and investment property
  • Construction Loans - Loans for new construction or previously constructed buildings. These loans are evaluated on a case-by-case basis.
  • Loans for equipment, inventory, vehicles, etc.
  • Business Lines of Credit
  • Letters of Credit – Terms vary based on needs of the contract or beneficiary and are subject to a fee
  • Short Term Business Loans


Repayment Methods

  • Monthly payments – or break that payment into weekly or bi-monthly payments and save on the amount paid in interest or pay the loan off early. Ask a loan officer for details.
  • Automatic Transfer from a Laona State Bank checking or savings.
    SPECIAL: When you agree to use automatic transfers from your Laona State Bank account for loan repayment, we will deduct .25% off the regular loan rates for most installment consumer loans. (Excludes Mortgage and Business Loans and must be arranged by loan closing to qualify.) 
  • Internet Banking
  • Direct Deposit Payment/Payroll Deduction
  • In Person, by mail, or night deposit
  • 24 Hour Telephone Banking


Credit Life and Disability Insurance

Credit Life and Disability Insurance are available on most Consumer and Business loans (not consumer mortgage loans). This is an optional insurance that will protect you from the inability to repay a loan due to accident, illness, or death. Credit Disability Insurance would make your monthly payments should you be out of work and under a doctor’s care due to illness or injury after 14 days for most consumer loans. Credit Life Insurance can pay off the loan if the insured loses their life. Protect yourself and your family. Ask a loan officer for complete details.

Insurance products are not FDIC-insured.

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