Personal Banking Services:

Consumer Loans

You may be able to borrow up to $50,000 to fix up your own home with a Michigan State Housing Development Authority (MSHDA) loan.

Interest rates range from 4% to 8% for owner-occupied properties (with household income limits). The Annual Percentage Rate (APR) will be higher. For example, a loan of $10,000 with an interest rate of 4% would have an APR of 4.46%. With an interest rate of 8%, the same loan would have an APR of 8.49%, based on a 10-year amortization.

MSHDA loans at 8% are also available to landlords wishing to improve their 1 to 4 unit rental properties.

Planning a dream vacation? Shopping for a new car? Thinking about making some home improvements? Wondering if you'll be able to afford your child's college tuition?

Every person's needs are different -- Chemical Bank can help with the financing. Not only do we offer competitive interest rates and convenient payment options, but personalized service throughout the loan process to ensure a "pleasant" borrowing experience for you.

At Chemical Bank, we make loans for a variety of purposes. Some examples include:

New or used auto, truck, boat, and recreational vehicles
Personal loans
Home improvement loans, including Michigan State Housing Development Authority (MSHDA) loans to qualified borrowers
Home equity loans
Home equity lines of credit
Student loans

Let our knowledgeable and professional lenders design a loan to fit your specific needs and budget, with competitive rates and payment terms. We offer both fixed and variable rate loans.

We also offer convenient payment options. Your loan payments can be made as follows:

In person at any of our Locations
By mail
Automatically deducted from your account at Chemical Bank or any other financial institution
At any Chemical Bank ATM
Electronically through e-Banking

Loan Payment Calculator

To assist you in estimating how much your monthly payments would be on a loan, use our Loan Payment Calculator as a guide.

For more information, stop by or visit one of our Locations to learn more about our consumer loan programs.

Chemical Bank
333 East Main Street, P.O. Box 569
Midland, Michigan 48640-0569
Telephone (800) 867-9757
Email: CustomerServiceCenter@chemicalbankmi.com