Peoples Security Bank & Trust offers a full range of lending products across Pennsylvania, New York, and New Jersey: personal loans, auto loans, mortgages including first-time homebuyer and low-to-moderate income programs, home equity lines of credit and home equity loans, credit cards, business loans including lines of credit and commercial real estate financing, private student loans, and Secured by Savings Loans that use your own PSBT deposit accounts as collateral.
The right loan depends on what you’re trying to accomplish. For debt consolidation, a fixed-rate personal loan or a home equity line of credit are common choices. For home renovations, a HELOC or personal loan fits best. For vehicle purchases, an auto loan offers the best rates. For college costs, a private student loan fills gaps left by federal aid. For credit building, a Secured by Savings Loan or a credit card is the standard starting point. A local PSBT lender can review your specific situation and match you to the right product.
You can apply for a PSBT loan in person at any of our 40 branches across PA, NY, and NJ, by calling
1.844.PSBT.NOW to reach a local lender, or by filling out a contact form online. Mortgage applications can also be started through the PSBT mortgage web center. Business loan applications typically begin with a conversation with a business banking relationship manager.
Most PSBT loan applications require proof of identity, proof of income such as recent pay stubs or tax returns, proof of residence, and information about existing debts and monthly expenses. Mortgage applications additionally require documentation for the property being purchased or refinanced. Business loans require business financial statements and tax returns. Your local PSBT lender will provide a complete document checklist for your specific loan type.
Approval timelines vary by loan type, loan amount, and the completeness of the application. Personal and auto loans typically move faster than mortgages or home equity products, which require appraisals and additional documentation. PSBT offers local decision-making, which generally speeds up the review process compared to national banks that route decisions through distant underwriting centers.
Prequalification typically uses a soft credit inquiry that does not impact your credit score, giving you an early indication of the loan amount, rate, and terms you may qualify for. A full application requires a hard credit inquiry, which may briefly affect your score. Contact a local PSBT lender to discuss prequalification options for your specific loan type.
A personal loan delivers a single lump sum with a fixed interest rate and a fixed repayment schedule, making it a good fit for one-time expenses with a clear total cost. A line of credit works more like a credit card: you have a borrowing limit, you draw from it as needed, and you pay interest only on what you use. Lines of credit are a better fit for ongoing or variable expenses where the final cost is not known up front.
A home equity loan delivers a lump sum with a fixed interest rate and a fixed repayment schedule, similar to a second mortgage. A home equity line of credit (HELOC) works as a revolving credit line secured by your home, with a draw period during which you can borrow repeatedly and a repayment period that follows. Home equity loans fit one-time expenses such as a specific renovation. HELOCs fit ongoing or staged expenses where the total need is uncertain.
Yes. PSBT offers several programs for borrowers whose household income does not exceed 80% of the county median as most recently published by HUD. The Community Lending Program offers reduced interest rates, flexible credit score requirements, low down payment options, and no private mortgage insurance for qualifying buyers. Peoples Select MTG waives origination, application, appraisal, and other bank fees for qualifying LMI borrowers. Home Possible and Freddie Mac Refi Possible provide additional income and credit flexibility for purchase and refinance transactions.
PSBT offers several forms of down payment and closing cost assistance. The FHLB First Front Door Grant matches eligible first-time homebuyer contributions toward down payment and closing costs when funding is available. The PSBT First Time Home Buyer Grant contributes toward closing costs for qualifying LMI borrowers, and the PSBT Mortgage Refinance Grant contributes toward closing costs for existing primary residence refinances. These programs can be combined with borrower funds and qualifying local or county assistance programs. Contact a PSBT lender for current grant amounts and eligibility requirements.
A secured loan is backed by collateral such as a home, vehicle, or deposit account. If the loan is not repaid, the lender can claim the collateral. An unsecured loan is approved based on credit history and income, with no collateral required, and typically carries a higher interest rate because the lender takes on more risk.
Borrowers with limited or damaged credit histories have options. A Secured by Savings Loan uses your own PSBT savings or certificate of deposit as collateral, which makes qualification easier and helps build credit through on-time payments. PSBT also offers credit-building resources through its Empowering Your Credit program, and secured credit cards can help establish a payment history. A local PSBT lender can review individual circumstances and recommend the right starting point.
A Bank On certified account meets national standards set by the Cities for Financial Empowerment Fund for safety, transparency, and affordability. Certified accounts include no overdraft fees, no minimum balance requirements, low or no monthly fees, and free online and mobile banking. PSBT’s Empower Checking is Bank On certified and serves customers in Pennsylvania, New York, and New Jersey.
Personal loans can be used for debt consolidation, medical expenses, home improvements, weddings, moving costs, vehicle purchases, adoption expenses, and other major personal expenditures. Funds are typically delivered as a lump sum after approval.
A balance transfer credit card with a 0% introductory APR can work well for smaller balances that you can pay off within the promotional period, which is typically 12 to 21 months. A debt consolidation loan works better for larger balances that require a longer repayment schedule and predictable monthly payments.
PSBT offers private student loans to help cover the gap between federal aid and the total cost of attendance for undergraduate and graduate programs. These loans can be used for tuition, room and board, books, and other qualified educational expenses.
Yes. Customers can begin a loan application at any of the 40 PSBT branches across Pennsylvania, New York, and New Jersey. Applicants can also get started online or call
1.844.PSBT.NOW to be connected with a local lender.