Bank of New Orleans

Loan Products

Commercial Loans

Bank of New Orleans provides some of the most attractive financing terms available to businesses in the area. We offer a Commercial Real Estate Loan with a LOW FIXED RATE for up to 15 YEARS! We deliver great service and a simple process. For more information about the services of our Commercial Lending Division, Contact Jack Lyons.

Consumer/Installment Loans

Bank of New Orleans offers various types of loans to fit your needs! If you are looking to buy a new car, to finance purchases such as home improvements, to pay for education, or to take a well-deserved vacation, you’ll want to check out our installment loan options. Contact Mike Dardis for more information.

Home Equity Loans or Equity Lines of Credit

You’ve worked hard for your home. Isn’t it about time that your home worked for you? By using the equity in your home to finance the major expenses in your life, you’ll not only save money by borrowing at a comparatively low interest rate, but the interest you pay could be tax deductible.* Whether you need money for home improvements, debt consolidation, education expenses, or a well-deserved vacation, a Home Equity Loan or Line of Credit could be the answer you’ve been searching for.

The benefits of a BNO Home Equity Loan or Line of Credit are as follows:

Low interest rates
Interest may be tax-deductible*
NO origination fee
NO closing costs**

Contact Mike Dardis for more information.

* Tax deduction may vary among individuals, consult your tax advisor first.
** Maximum line of credit covered under “no closing costs” feature is $100,000. Closing costs paid by BNO do not include Orleans Parish documentary tax.

Consumer/Personal Loans or Lines of Credit

Looking to consolidate your high interest credit card charges? A BNO consumer loan could be your solution! This particular loan may be used for a variety of needs. Contact Mike Dardis for more information on the benefits of BNO consumer loans. Lines or loans may be secured by your BNO Certificate of Deposit.

Auto Loans

Buying a new or used car is easy with BNO! Auto loans are now available for new cars with terms up to 6 years! You can even earn a rate discount when payments are automatically debited from a BNO account.

HUD Title 1 Home Improvement Loans

You may be eligible for a Home Improvement Loan up to $25,000 even if you have no equity in your home or investment property. Loan proceeds must be used for permanent home improvements. This product is ideal for new homeowners who need to upgrade their home.

Reverse Mortgages

Seniors aged 62 and older can enjoy financial freedom by obtaining a Reverse Mortgage from Bank of New Orleans.

Monthly Income
NO LOAN REPAYMENTS as long as you live in your home
Money is TAX FREE
Does NOT affect your Social Security benefits
No restrictions on how the money is spent
Distribution options: monthly payments, lump sum, line of credit, or a combination

For more information on Reverse Mortgages, contact Sue Vrbaskovich, BNO’s Reverse Mortgage Professional.

For Reverse Mortgages (except Louisiana and Mississippi)
call American Reverse Mortgage at 888-370-6620.

Student Loans

College-bound? Full of questions? BNO has a Student Banking Center to help you plan. Learn more about financial aid, find a checklist of steps you should take to prepare for college, and find tools to help you search for colleges and scholarships. Click here to visit our Student Banking Center!

Need money for college? BNO participates as a Student Loan Lender at your school. We participate in Sallie Mae® approved programs, such as the CashBack® and Louisiana Lagniappe® programs.

How the process works:

You will need to fill out your financial aid application at the University or College of your choice. During the process you will be asked to choose a lender. This may seem unimportant, but it is what determines when and how you receive your funds. Choosing BNO will allow you to receive the personal attention you deserve. No automated answering services. When you have a question about the status of your loan, you may contact Mike Dardis directly at (504) 834-1190. He’ll provide you with the information you need to get your answers. Your school should have our lender code handy, but just in case they don’t, make a note of our lender code: 824192

Choose Bank of New Orleans as your Lender
Receive Personal Service and Prompt Attention
Lender Code: 824192

For more information on student loans, contact Mike Dardis today! Click here to start your loan application and manage your student loans.

Sallie Mae, CashBack, and Louisiana Lagniappe are registered service marks of Sallie Mae, Inc. Manage Your Loans is a service mark of Sallie Mae, Inc. Sallie Mae, Inc. is a wholly owned subsidiary of SLM Corporation. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Overdraft Line of Credit

Now you can stop worrying about costly NSF fees. Protect yourself in case a check presented for payment exceeds the balance of your account. The Overdraft Line of Credit will allow you to be prepared for those unexpected emergencies. Now at BNO you can obtain the financial flexibility you need, while extending the available protection of your checking account through our Overdraft Line of Credit.

Features of the Overdraft Line of Credit include:

Increased financial security
Use only the amount you need
Avoid costly NSF fees
Lines up to $2,000
$25.00 origination fee
$12.00 annual fee

For more information on the Overdraft Line of Credit, contact Mike Dardis.

Are you looking to purchase or refinance a home?

Visit our Mortgage Loan Center today for detailed information on the various financing options available to you, or contact Rob Chauvin.

For more information about the products and services offered by Bank of New Orleans please contact us at any of our four convenient locations, or email us at info@bnoinfo.com.

Bank of New Orleans Corporate Office
1600 Veterans Blvd. ♦ Metairie ♦ Louisiana ♦ 70005
(504) 834-1190 ♦ 1-888-834-1190 ♦ info@bnoinfo.com