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P.O. Box 268 Wellston, OH 45692-0268
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The Milton Banking Company offers all types of consumer and commercial loans, with on-site approval and quick turnaround times. Contact our Lending Department at (740) 384 2116 for current rates and more information.

The Milton Banking Company has loan officers in each of its offices in Wellston, Jackson and Oak Hill. Call or visit our loan officers to discuss your lending needs.

Residential Mortgages
We offer a variety of mortgage loans. Rates are competitive and all paperwork is processed through our Bank. You work directly with us; we often have very quick closings. Click here to view our current rates.

Commercial Loans
We offer low competitive rates for all commercial and investment properties. We can offer low closing costs and quick closings. All loans are serviced by us. Click here to view our current rates.

Construction Loans
Interim construction loans are available. Terms match the expected construction period and rates are determined by credit score for residential and/or financial statements for commercial properties. Fees for loan costs and out of pocket costs apply.

Vehicle Loans
Vehicle loan products include new and used autos, trucks, motorcycles and boats. Vehicle loans are offered at competitive rates with terms up to six years (72 Months), depending on the age of the vehicle. If you have a Milton Bank checking or savings account you can receive one half percent (0.50%) rate discount with an automatic payment from your Milton Bank account per month. Click here to view current rates. Click here to view the value of a used vehicle.

Other Loans
We offer a variety of loans for, but not limited to, home improvements, mobile homes, and personal note loans. Contact a loan officer in any convenient location for more information. Click here to view current rates.

LOAN RATES EFFECTIVE 03-05-2008

LOAN RATES EFFECTIVE 03/05/2008

Auto's

Type

Rate as low as

APR as low as

Terms

NEW (08,07)

5.49%

5.78%

Up to 72 Months

USED 2007-2006

5.49%

5.78%

Up to 72 Months

USED 2005-2004

6.74%

7.12%

Up to 54 Months

USED 2003 – 2002

7.49%

7.91%

Up to 48 Months

USED 2001-2000

11.74%

12.24%

Up to 42 Months

OLDER

14.25%

14.83%

Up to 36 Months

Street Bikes

Type

Rate as low as

APR as low as

Terms

NEW (08,07)

5.49%

5.78%

Up to 72 Months

USED 2006-2000

10.00%

10.43%

Up to 48 Months

Dirt Bikes, ATVs, etc.

Type

Rate as low as

APR as low as

Terms

NEW (08, 07)

7.75%

8.18%

Up to 48 Months

USED 2006-2000

14.25%

14.83%

Up to 36 Months

Residential Real Estate

Type

Rate as low as

APR as low as

Amortized

3 Year Balloon

5.95%

6.03%

Up to 20 Yrs

5 Year Balloon

6.60%

6.66%

Up to 20 Yrs

5-10 Year Fixed

7.10%

7.15%

 

10-15 Year Fixed

7.85%

7.89%

 

Commercial Real Estate

Type

Rate as low as

APR as low as

Amortized

3 Year Balloon

7.10%

7.18%

Up to 20 Yrs

5 Year Balloon

7.60%

7.65%

Up to 20 Yrs

5-10 Year Fixed

8.10%

8.15%

 

10-15 Year Fixed

8.75%

8.79%

 

Commercial Note Loans

Up to 12 Months = Rate of 4.50% above current 12 Month C.D. Rate

Up to 24 Months = Rate of 5.50% above current 12 Month C.D. Rate

24 Month to 36 Month = Rate of 6.50% above current 12 Month C.D. Rate

Mobile Homes(Installment)

Type

 

 

 

New (Up to 12 Years)

12.50% APR

 

 

Used (3Yr / 10 Yr. Max)

13.75% APR

 

 

Other Used

17.00% APR

 

 

Home Improvement

Type

 

 

 

Up to 60 Months

10.25%

 

 

*Financial Statement must be provided if loan is greater than $5000.00

Personal Notes

Type

 

 

 

Over $1500.00

11.75% APR

12 Months

 

Under $1500.00

17.75% APR

12 Months

 

Installments (Unsecured)

Type

 

 

 

Over $1500.00

14.75%

 

 

Less than $1500.00

18%

 

 

 

Kelley Blue Book

NADA

EDMUNDS

Cartalk

CarFax

These links are provided without guarantee of suitability or accuracy. The bank does not warrant the validity or accuracy of these sites.

Equal Housing Lender and FDIC Logo

All rates are subject to other terms and conditions and are subject to change without notice. Vehicle Annual Percentage Rates (APR) are calculated on a loan amount of $20,000.00 for the term of the loan which includes the reduced rate of one half percent (0.50%) with an automatic payment from a Milton Bank checking or savings account. Mortgage Annual Percentage Rates (APR) are calculated on a loan amount of $100,000.00 for the term of the loan amortized for twenty (20) years.