Our Loan Management Team
You can contact our Loan Office at (918) 479-5225. There you’ll be able to speak with one of our loan officers who are dedicated to helping you reach your financial goals.
At All Capital Bank, we’re here to help provide any financial support you may need. We offer both business and personal loans to help get you the money you need today for whatever you may need it for.
Types of Loans Available at All Capital Bank
Loan Terms You Need to Know
While everyone on our loan team is there to help you understand the terms and conditions of your loan, the more you know, the better you’ll feel about your financial future. The following loan terms are common in both business and personal lending services, so take the time to familiarize yourself with each one before starting the loan process.
Secured Loan
A secured loan involves using your assets as collateral, meaning the lender can seize them if you fail to repay the loan. This adds security for the lender but puts your assets at risk if you default.
Unsecured Loan
Unsecured loans don’t need collateral, but due to the higher risk for lenders, they come with higher interest rates. Since no assets are pledged, lenders offset the risk by charging more interest.
Installment Loan
A term loan, commonly used, involves fixed monthly payments over a set time period. These predictable payments ensure you pay off the loan gradually, with no fluctuations in payment amounts.
Revolving Credit
Revolving credit lets you make minimum payments without clearing the full balance. At the end of the billing cycle, the remaining balance is carried over, provided you stay within your credit limit.
Interest Rate
Lenders profit by charging interest on your loans. Each billing cycle, if you carry a balance, they add a percentage of that amount as interest, which you’ll need to pay on top of the original balance.
Fixed Rate Loan
Fixed-rate loans guarantee one interest rate for the life of the loan. Regardless of credit score changes or other factors, your rate is stable, providing consistent, predictable payments.
Variable Rate Loan
Variable rate loans adjust their interest rates based on the prime rate each billing cycle. While initial rates are lower, the risk lies in potential future rate increases, making payments less predictable.