Loans

We're ready when you are. With Salem Five, loan approvals take less time, allowing you to take advantage of opportunities as they arise.

• 15 Year APR or 30 Year APR
• Construction and Renovation
• Jumbo Loans
• Reverse and VA loans
• Specialty lending
• Loan Operations Fee Schedule

You invest time and money into your home. Now with a Star Home Equity Line of Credit you can leverage those investments for personal cash flow. The Star HELOC features an annual percentage rate (APR) of 4.99% fixed for the first 6 months and then prime - ½% with a floor of 2.75% after the 6-month introductory period.  

• Bill consolidation
• Home maintenance
• Education expenses

Salem Five Automobile Loans offer many term and rate options to meet your needs. Whether you're buying a vehicle or you need to lower your monthly payments, we want you to get the vehicle you want with the financing that meets your needs.

• Financing for new and used automobiles
• 36, 48, 60 month repayment plans
• Apply online

Prevent returned checks and avoid overdraft fees with Salem Five Overdraft Protection.  It's not just convenience, it's peace of mind.

• Enjoy a credit line on your Salem Five Checking Account
• Automatically access funds up to your available credit limit whenever there are insufficient funds in your checking account
• Eliminate the complication and expense of returned checks

For Borrowers Attending Degree-Granting Institutions

The Smart Option Student Loan^® for Salem Five by Sallie Mae^® is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.

• No origination fee and no prepayment penalty
• Great repayment options
• Competitive rates and more

No matter which card you choose, you'll enjoy important features like EMV smart chip technology, mobile purchasing, and more.

• A range of cards and benefits
• 24/7 account access
• Account alerts and balance transfers

Salem Five's Online Loan Payments is an electronic loan processing system which allows you to make a one-time loan payment to your Salem Five loan via our secure website on a desktop computer, tablet or mobile device.