Consumer Loans

Home Equity Lines and Loans
Personal and Automobile Loans
Student Loans

Home Equity Line of Credit and Home Equity Loans

YOU'VE WORKED HARD FOR YOUR HOME. NOW LET YOUR HOME WORK HARD FOR YOU.

Renasant Bank's home equity loans and lines of credit can help you make the most of your home's increasing value by taking advantage of the equity that has been building in your home since you purchased it.  Ask us how we can transform your equity into a loan or line of credit to help you consolidate debt, make home improvements, acquire a vehicle or satisfy a variety of financing needs.

• Flexible terms
• Competitive interest rates
• Conveniently draw on the line anytime by writing a check
• Control how you make loan payments - pay in full or by monthly installments
• Borrow a fixed amount with a set monthly payment
• Interest may be tax deductible - a big advantage over other forms of debt!*

We'll work with you to help decide which type of loan best suits your needs.  It's that easy.  Home equity loans and lines of credit from Renasant Bank are smart money-management tools.  Put your home equity to work.  Renasant Bank wants to help you reach your goals.

*Consult your tax advisor regarding the deductibility of interest.

For more information call a Loan Specialist at one of our convenient locations

Personal and Automobile Loans

Buying a car?
Planning home improvements?
Getting ready for the holidays?
Just found out your youngest needs braces?

We all have different needs. That's why Renasant Bank provides a full range of personal loans with flexible terms and competitive rates. Our loans offer convenient, friendly service from knowledgeable professionals.  Whether you need money to improve your home, consolidate debt, send a child to college, buy a vehicle, or sail to distant shores, we have a loan that is right for you.

In need of cash? We offer:

• Easy application process
• Fast approvals
• Competitive rates
• Flexible repayment terms
• Automatic payment option

For more information visit a Loan Specialist at one of our convenient locations

Student Loans

Know any students who are ready for college but short on money?  Renasant Bank offers an affordable way to help pay for college with student loans that fit any budget or plan.  Our student loans have flexible repayment terms. 

Federal Stafford Loans

Federal Stafford Loans are low-interest options made to undergraduate or graduate students attending school on at least a half-time basis. These loans are made in the student borrower's name. All borrowers must complete a Free Application for Federal Student Aid (FAFSA). Awards may not exceed the cost of education minus other awarded financial aid.

The subsidized Federal Stafford Loan is awarded on the basis of financial need. Interest for the subsidized loan is paid by the Federal government until the student ceases to be enrolled at least half time at an eligible institution.

The unsubsidized Federal Stafford Loan is not awarded on the basis of need. This program enables students, regardless of income, to obtain a low-interest student loan. Interest for the unsubsidized Federal Stafford Loan is not subsidized by the Federal government, and therefore, the borrower is responsible for all interest payments. Interest and principal may be deferred during in-school periods of at least half-time enrollment. The student has the option of making interest payments while in school or having the interest deferred. If deferred, interest will accrue and be capitalized no more frequently than quarterly.

Interest rates and fees for Stafford Loans

On the unsubsidized loans, interest begins to accrue on the day the loan is disbursed and continues to accrue until the loan is paid in full. The current rate is fixed 6.8%.   For subsidized loans, interest begins to accumulate when the student enters the repayment period.  The current rate is fixed 6.8%.  Effective July 1, 2008 the rate will be fixed 6% for undergraduates.

There is a 1% origination fee and 0% - 1% default fee charged for subsidized and unsubsidized Federal Stafford Loans which are deducted proportionately from each disbursement of the loan.

Dependent undergraduates:

• $5,500 if you are a first year student (at least $2000 of this amount must be unsubsidized)
• $6,500 if you have completed your first year (at least $2000 of this amount must be unsubsidized)
• $7,500 if you have completed two years (at least $2000 of this amount must be unsubsidized)

Independent undergraduate students or dependent students whose parents are unable to get a PLUS loan:

• $9,500 if you are a first year student (at least $6,000 of this amount must be unsubsidized)
• $10,500 if you have completed your first year (at least $6,000 of this amount must be unsubsidized)
• $12,500 if you have completed two years (at least $7,000 of this amount must be unsubsidized)

A graduate student can borrow up to $20,500 each academic year (at least $12,000 of this amount must be unsubsidized). Aggregate limits for Stafford Loans are:

• $31,000 for dependent undergraduate students (only $23,000 of this amount may be subsidized)
• $57,500 for independent undergraduate students (only $23,000 of this amount may be subsidized)
• $138,500 for graduate or professional students (only $65,500 of this amount may be subsidized)

Three Easy Steps to Paying for College:

1. Fill out the FAFSA (Free Application for Federal Student Aid). The FAFSA is available from your high school counselor, college financial aid office, public library or online at http://www.fafsa.ed.gov/. Need assistance? Contact  College Planning Program at 1-800-986-4322.
2. Check the results. The Federal Department of Education will determine your Expected Family Contribution (how much you and your family are expected to contribute to your education costs) and send you a Student Aid Report (SAR) for your review. Notify them immediately of any inaccuracies.
3. Choose Renasant Bank as your lender. Your college will send you a financial aid award letter detailing how much and what types of funding you may receive. Notify your college that you have chosen Renasant Bank - Lender #806723 to provide your federal loan.

Each school determines the method by which loans will be processed. You will need to complete a Stafford Loan Master Promissory Note (MPN) which is a legal document that must be signed to obtain a loan. It will include information about your interest rate, deferment and cancellation provisions and other information. It's very important to read and understand this document because by signing it you promise to repay the loan.

If your school directs you to your lender to complete a Stafford Master Promissory Note, please click on the link below which will take you to a secure site to complete your MPN. You may choose to electronically sign and submit your application or you may print out the completed copy to sign and submit. Please check with your school for their policy on submitting an MPN.

Apply Now

If you need assistance, please call 1-877-349-4347.

Federal Parent PLUS Loan

The Federal Parent PLUS Loan is a low interest loan made to parents or legal guardians of dependent undergraduate students attending school on at least a half-time basis. Eligibility is not based on demonstrated financial need. The amount the parent may borrow under the PLUS program will depend on the financial aid award established by the institution the student is attending. This loan may not exceed the student's cost of attendance minus other financial aid, but it can be used to replace the "Expected Family Contribution" (EFC).

GradPLUS Loan

The GradPLUS Loan is a low interest rate loan available for graduate and professional students to borrow, up to the cost of attendance minus other estimated financial assistance. The FASFA (Free Application for Federal Student Aid) must be completed to be eligible. Not all schools participate in this loan program - please check with your school to see if they are participating in the FFELP GradPLUS Loan Program.

Federal PLUS disbursements are sent directly to the financial aid office in at least two (2) equal payments. These funds may be forwarded to the school either by electronic funds transfer (EFT) or by check.

A credit check is required for PLUS Loans. Check with your school to see if pre-approval is required.

Interest begins to accrue immediately after disbursements and repayment begins within 60 days after the final loan disbursement.  In some cases, a parent borrower may be eligible for a deferment of payment.  The first payment on Grad Plus Loans is due immediately after 6 months grace.

Interest rates and fees for Federal PLUS Loans

On the Federal Plus loans, interest begins to accrue on the day the loan is disbursed and continues to accrue until the loan is paid in full.  The current rate is fixed 8.5%.
There is a 3% origination fee and 0%-1% default fee* deducted proportionately from each disbursement of the loan.  A credit check is required for PLUS Loans.  Check with your school to see if pre-approval is required.

*Default fee amount based on guarantor of loan

Renasant Bank now offers convenient online preapproval for PLUS Loans.

If your school directs you to your lender to complete a Parent PLUS Loan Master Promissory Note, you may choose to electronically sign and submit your application or you may print out the completed copy to sign and submit. Please check with your school for their policy on submitting an MPN.

Please review our Privacy Policy below. If you agree to its terms, you will be taken to the secure site of our servicing agent, ESF Loan Servicing, to submit your PLUS Loan Pre-Approval request.

PRIVACY POLICY

At Renasant Bank, our mission is to meet the desires of our clients. As financial services professionals entrusted with sensitive financial information, we respect the privacy of our clients and are committed to treating client information responsibly. Our client information privacy principles serve as standards for all Renasant Bank employees for collection, use, retention, and security of individual client information.

Collection and Use of Personal Information

At Renasant Bank, we believe the confidentiality and protection of client information is one of our fundamental responsibilities. And while information is critical to providing quality service, we recognize that one of our most important assets is our clients' trust. Thus, the safekeeping of client information is a priority for Renasant Bank. Information about clients is accumulated from a variety of sources. Some information is provided to Renasant Bank directly by clients themselves through a variety of methods. Other data is developed by Renasant Bank as a function of providing a product or service to a client. Still other information is obtained from outside sources. We will limit the use and collection of information about our clients to that which is necessary to administer our business, provide superior service, and offer opportunities that we think will be of interest to our clients. This means that we will use information to help us identify and mitigate potential risks for loss to Renasant Bank. We will use information to help identify additional products or services that we believe clients might want to know about.

We will use this information only in accordance with the principles set out in this policy.

One of the methods used to collect customer information is through the completion of visitor registers and surveys on our web site. To help us better identify online visitors to this site, we use information you furnish when you complete the visitor register and/or surveys. We also collect information from cookies. A cookie is a piece of data passed to your browser. Internet Banking uses cookies inside the secure banking environment to keep track of your session data. Basically, it tells our system that you've already logged on as a valid user. Without this cookie data, you would have to log on every time you wanted to move to another banking screen. When you hit the Exit button to leave the bank, the cookie data is flushed from your system. If, however, you do not wish us to have this information, do not complete the registration form and/or surveys. The collection of cookies can be prevented by making the appropriate selection in your browser options; however, doing so can impede the performance of your Internet browser.

Maintenance of Accurate Information

Renasant Bank has established procedures to ensure that your financial information is accurate, current, and complete, in keeping with reasonable commercial standards. We also pledge to respond to requests to correct inaccurate information in a timely manner.

Employee Access to Personal Information

Each Renasant Bank employee is required to follow our company's "Code of Conduct," which states that all client information is considered privileged and is to be held in the strictest confidence. It is to be used solely for the purpose of providing our clients with the finest service available.

Renasant Bank is committed to the security of our clients' financial and personal information. All of our operational and data processing systems are in a secure environment that protects our clients' account information from being accessed by third parties. We maintain and grant access to client information only in accordance with our internal security standards.

Third-Party Disclosure Restrictions

When it comes to sharing client information with unaffiliated companies, Renasant Bank places strict limits on who receives specific information about client accounts or other personally identifiable data. Renasant Bank may share information with such companies if they provide a product or service that may benefit our clients. Whenever we do this, we carefully review the company and the product or service to make sure that it provides value to our clients. We share the minimum amount of information necessary for that company to offer its product or service.

We may also share information with unaffiliated companies when: They assist us in providing our products and services to our clients; in the normal course of our business operations (for example, with consumer reporting agencies and government agencies); it is legally required or permitted in connection with fraud investigations and litigations; in connection with acquisitions and sales; and at the request of or with the permission of a client.

When we do provide information to a third party, we will insist-through a written agreement-that the third party adhere to privacy principles similar to those of Renasant Bank for keeping this information confidential.

Online Banking

With Renasant Bank's Internet Banking, we use a full range of Internet security measures, including cryptography, routers and firewalls, as well as a trusted operating system to complete our overall security architecture.

Security on the Internet begins with your browser. In order to utilize Internet Banking, you must us a browser that supports the Secure Sockets Layer (SSL) protocol. SSL allows you to securely send and receive encrypted data over the Internet.

Your account information is protected by a series of filtering routers and firewalls that act as a barrier between the outside world and the internal bank network. Much like a security guard, the router is responsible for determining who has access to what components of Internet Banking. The firewall is the next security component that you pass through. The firewall provides a higher level of security and authentication of a client request. Each one of these items is used to determine whether the user is granted access to the requested destination and protects the internal bank network from outside access.

The entire Internet Banking application resides within a trusted operating system. The trusted operating system acts much like a firewall by protecting sensitive and proprietary information from the outside world.

At Renasant Bank, we value our client relationships. We want our clients to understand how we use the information that our clients provide and our commitment to insuring the personal privacy of our clients. If you have questions about how Renasant Bank protects your confidential information, please contact us using the e-mail reply function located on our web page at http://www.renasantbank.com/ or call us at 1-877-367-5371.

If you need assistance, please call 1-877-349-4347.

I AGREE                                       I DISAGREE

Not all schools participate in the Federal GradPLUS program.  Please check with your school.

Federal PLUS Loan Master Promissory Note

If your school directs you to your lender to submit a Federal PLUS Loan Master Promissory Note, you may access our Federal PLUS Loan Master Promissory Note in either of two ways:

• Click here to complete the MPN online - you may then either sign and submit it electronically or print it out, sign and mail.
• Click here for a blank form and then simply print it out, complete it, sign and send to us at:
  Education Services Foundation
  Student Loan Division
  P. O. Drawer 55909
  Jackson MS 39296-5909

If you need assistance, please call 1-877-349-4347.

Tracking your Loan
You can track the status of your loan online anytime by accessing LoanTracker, a secure user-friendly web-based program provided by ESF Loan Servicing, the servicing agent of Renasant Bank. You can check to see when your application is approved, when your funds are disbursed, and what your loan balance is.

Simply click here to move to the LoanTracker site. To return to this site, just close out the LoanTracker window

Loan Entrance and Exit Counseling

Federal regulations require that students complete a student loan entrance counseling session prior to obtaining a Federal Stafford student loan. The federal government also requires that you complete student loan exit counseling prior to graduating or ceasing at least half-time attendance.

Stafford Online Student Loan Counseling enables you to complete student loan entrance and exit counseling requirements anytime, anywhere.

Click the appropriate link below to access online counseling services. It's the quick and easy-to-use method to complete student loan entrance and exit requirements.

Entrance Counseling                             Exit Counseling

*Mapping-Your-Future is the provider of this web-based counselng service.

What you need to know about repayment.

Educational loans are like any other loans and must be repaid whether you complete your education or not, even if you can't find a job it's obviously important to carefully consider your decision. And don't borrow more than you realistically think you'll be able to repay.

Maintaining all your loan records together in a convenient place will make the job of managing your student loan debt a lot easier. Keep these items on hand:

• Copies of all loan applications/promissory notes
• Copies of all loan disclosure statements
• Copies of all correspondence with your school, lender, servicer, or secondary market (including a record of all telephone calls)

You can track the status of your ESF loan anytime with our online LoanTracker service.

Repayment Tips:

Repaying your loan on time has great advantages. Timely payments reported to credit bureaus give you a favorable credit rating, which can open doors to borrowing for that new home or car you've dreamed about.

If you don't repay your loan and it becomes evident to your loan holder that you don't intend to honor your obligation, your loan goes into default. Your loan can default from a lack of paperwork as easily as from a lack of payment. For that reason, it's important to keep your loan holder informed of any changes in your status, as well as your current address and a daytime phone number.

You can avoid default by communicating with your loan holder. If you're temporarily unable to make your payments, call your loan holder. Forebearance, deferment, or other repayment options may be available. You may also qualify for a consolidation loan.

The consequences of default can be far-reaching. A default becomes part of your credit record and can restrict your ability to borrow money for items such as a home or an automobile. It may also prohibit you from obtaining future student aid. Your state and federal income tax refunds can be withheld and your wages garnished to repay your debt. Any additional charges associated with collecting your defaulted loan - attorney fees, collection agency charges, and court costs, for instance - may be passed on to you and become part of your loan debt. Develop a budget and keep it realistic.

Repayment Schedule:

Use our payment calculator to estimate your monthly payment. Remember, this is only an estimate. Your actual payment amount may vary. Check with your loan holder to determine your actual payment amount.

For help calculating repayment terms, click the link below then use the Enhanced Loan Calculator.

Loan Repayment Calculator