Lending Options
To make sure you choose the lending options that deliver the most benefits for you, talk to your Central Banker.
Personal Loans & Borrowing
With our help, you choose the loan that is right for your needs and your budget. And all decisions concerning your loan application are made locally.
Features
The benefits of Central Bank auto loans include:
Fixed payment amounts
Competitive rates
Flexible terms
Monthly repayment schedule
Automatic payment – your monthly payment can be deducted from your Central Bank account
$1,500 minimum loan
Consumer loan discounts of .50% for auto-deducted payments from Central Bank checking or savings accounts are available on certain consumer loan products. Contact your Central Banker for details.
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Features
Using our Platinum Equity Line is easy and convenient. You just write a check or use our credit card. But the rewards you earn every time you use the credit card are what make our Platinum Equity Line so special.
The Rewards Add Up Fast1
New customers earn 5,000 bonus points with first eligible credit card purchase
Earn one reward point for every dollar spent on eligible credit card purchases (Points do not expire for five years)
Redeem for gift cards, merchandise, travel and cash back
The Benefits Are Impressive
Access to your account with checks and Visa® Platinum Equity Card
Competitive interest rate
Up to 89% financing
CardManager Makes It Easy
With the Platinum Equity Line, you gain access to our online CardManager system at centralbank.com. CardManager allows you to track earned rewards points and manage your spending through viewable transaction history. Plus, you can make payments online, and you can redeem your points easily, too.
Apply
Apply in person or online
Approval based on combination of your income, credit history and equity in your home
Features
Fixed payment amounts
Competitive rates and flexible terms
Secured or unsecured loans
Monthly repayment schedule
Automatic payment – your monthly payment can be deducted from your Central Bank account
$1,500 minimum loan
Consumer loan discounts of .50% for auto-deducted payments from Central Bank checking or savings accounts are available on certain consumer loan products. Contact your Central Banker for details.
Apply
Home loan options
What loan option works for you?2 Well, we offer a variety of financing options – and we’ll be happy to walk you through every one of them. Ultimately, it comes down to working with you to find the loan that suits your present situation – and your future needs.
Conventional Loans (nongovernment loans)
Jumbo Loans (large-dollar-amount loans)
Rural Housing Service (RHS) Loans
Federal Housing Administration (FHA) Loans
Kentucky Housing Corporation (KHC) Loans
Veterans Affairs (VA) Loans
Affordable Housing Loans
Home loan resources
Buying a home shouldn’t keep you from reaching your financial goals. To help navigate this fluctuating economy, you need to know what’s happening today and how it could potentially affect your financial future. Here are some resources that can help.
Mortgage Calculator
If you’re going to have a monthly mortgage payment, you’ll need to make sure it works within your budget. Our Financial Calculators can help you find out how much you could be paying on your mortgage within minutes.
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Features
Total gross annual income for all applicants cannot exceed $65,519
For qualifying individuals with traditional or alternative credit
Borrow from $500 to $3,500
Learn more
Description
Whether you’re an undergraduate, career training or graduate student these flexible student loans are designed to meet your needs:
Competitive variable and fixed interest rates
No origination fee or prepayment penalty*
Multiple repayment options
Options
Undergraduate and career training students
Smart Option Student Loan® – Pay for your bachelor’s, associate’s, or certificate expenses at a degree-granting school or for a professional training and trade certificate courses (culinary, technical, etc.) at a non-degree granting school.
Graduate
Graduate School Loan® – Pay for expenses as you pursue your master’s and doctoral degrees.
MBA Loan® – Pay for your business school expenses as you pursue your Master of Business Administration degree.
Medical School Loan® – Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports and veterinary medicine.
Dental School Loan® – Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial surgery, orthodontics, pediatric dentistry, periodontics and prosthodontics.
Graduate School Loan for Health Professions® – Pay for your health professions degree expenses in allied health, nursing, pharmacy and other graduate-level health programs.
Law School Loan® – Pay for your school and associated expenses as you study for your law degree.
Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank or a lender partner. Central Bank is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Additional eligibility information about each product.
*Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
© 2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
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