State Bank of Richmond was launched to be a trusted financial partner in the communities it serves. We are always of service to our customers in solving their money problems by providing progressive financial solutions with exceptional customer service. The Bank gladly offers various loan options to give you the key to fulfilling your dreams or handling financial stress.

Personal Loans

Solve your unexpected financial problems without any stress, even if you do not have enough money in your savings account to cover your current needs. In State Bank of Richmond, we are here to provide you with the best loan options on the market.

We offer:

  • Fixed competitive rates from 8% APR;
  • Terms up to 60 months;
  • A loan amount up to $50,000;
  • Fast and easy application process;
  • Equal monthly installments during the loan lifetime;
  • No late fees and prepayment penalties.

Apply now or contact our loan officers for more details.


Don’t let temporary conditions get in the way of your dream. Your new house is closer than you think with our mortgageā€™s terms, as convenient as your new home is.

We offer:

  • Flexible terms up to 30 years;
  • No interest rates surprises;
  • No down payment option for certain population groups;
  • Predictable monthly payments;
  • Rates from 5.5% APR.

Use our mortgage calculator as a self-help tool, or call us for a detailed explanation.

Vehicle Loans

Choose the product that suits you most according to your vehicle type, year, and value.

We offer:

  • Options for both new and used vehicles;
  • Up to 100% financing;
  • Terms up to 60 months;
  • Low interest rates from 4.5%;
  • No prepayment penalties.

Fill out our online application form or visit one of our stores to get a free qualified consultation.

Home Equity

Consider your home as the key to various financial opportunities it hides. Use the money to refinance your debt, go on vacation, improve your home, pay for education or any other major expenses.

We offer:

  • Low interest rates from 4.9% APR;
  • Loan terms up to 15 years;
  • No hidden fees.

State Bank of Richmond
Richmond, Minnesota

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