New Hampshire is located in the northwestern state of US. This region is known for its sprawling landscapes and natural formation of granite. It is also home to some of the most popular skiing mountains on the eastern coast. Skiing is an important recreational activity for the visitors and tourists alike. Many outdoor enthusiasts visit New Hampshire for mountaineering and winter sports.
The region enjoys stable and healthy economy, ranking 6th in the US in 2014 on the basis of median household income at $64,712 but this does not mean much when you are taxed so highly. The primary economic sectors in New Hampshire include agriculture, tourism and industry trade of rubber, plastic, machinery, and electric equipment.
Even though New Hampshire is a rich state, its residents require financial assistance from time to time to meet their interim expenses. In this situation, personal loans are readily available to the residents as New Hampshire enjoys an above average credit score of 711 which is significantly higher than the country average of 680 but this does not mean anything since this state does not have one major city and it is not enticing any businesses to relocate here.
Personal Loans for Renovation
If you are looking to renovate your home, reconstruct or just revamp the architecture as per latest designs, you can consider taking unsecured personal loans for home improvement. As the name suggests, these loans do not require collateral and are advanced to people based on their creditworthiness. People with low credit scores can also apply for personal loans. However, they would be required to pay a higher rate of interest.
A typical personal loan can be spread across 2 to 5 years. They are far less complicated than the home equity loans and require less approval time and fewer documents.
These days, applicants can either choose traditional financial institutions or apply via online lenders that allow you to complete the process within minutes and disburse the amount within a week. The loan amount can be used for any purpose, from home renovation to meet the immediate financial requirement.
Personal loans provide borrowers access to funds when they need it the most and also give them ample of time to pay it back in easy monthly installments. Some of the premier personal loan websites are making the task easier for consumers to pick the best possible options for their personal loans.
Best Banks for Personal Loans in New Hampshire
Among all the bank serving the area, here are the best places to get a personal loan in the state:
Dedicated to making a real difference to lives and to the community, Northway Bank is a great option not only for personal loans but also for SBA loans.
Meredith Village Savings Bank
Having been in operation since 1869, the Meredith Village Savings Bank has managed to keep up with the times and the competition by remaining true to its roots as a community bank.
Granite State Credit Union
With the Granite State Credit Union, you don’t have to beg for larger amounts. Because their loans are highly-specialized, they already predetermined the range of loan amount for different purposes.
Union Bank has a variety of secured and unsecured loans, most of which focus on its expertise in mortgage.
Bank of New Hampshire
Bank of New Hampshire may not offer online application like most banks, but it more than makes up for it with quick approval time and funding.
Bellwether Community Credit Union
With almost a century of service, the Bellwether Community Credit Union has seen it all. Thus, it is able to process your applications and provide rates lower than the state average.
Christine has a solid background in personal finance as she spent the last eight years working at one of the biggest banks in the US. She managed her own team of financial advisors that helped hundreds of people with their financing needs. Her innate understanding of different financial products and loans helped her move up the ranks quickly after graduating with a degree in Business Administration.