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 Loan Products

Commercial Loans

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

Contact Mike Dardis for more information.

* Tax deduction may vary among individuals, consult your tax advisor first.

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.

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

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 Holly Callia.

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