Get a personal loan tailored to your specific needs
The right loan can make all the difference. It can get you a more reliable vehicle, a weekend toy to get away, financing to take on that long-awaited house project or money that can serve as a safety net during difficult times. When you borrow from KodaBank, you work with people who know this is more than just a transaction. We'll help you find the loan that fits your budget and goals with friendly assistance from experienced lenders.
- Attractive rates
- Flexible repayment terms
- Easy application process
Auto Loans
Get the financing you need when purchasing a new or used car, truck, SUV or van. You can also work with us to refinance your current auto loan with another financial institution and possibly enjoy some significant savings.
RVs, ATVs & More
When it's time to get away and play, it's time for a loan from KodaBank. Flexible repayment terms help you find room in your monthly budget for a boat, snowmobile, motor home or other recreational vehicle, saving you more money for your adventures ahead.
Ready Reserve
Sometimes you lose track of your balance and you overdraw your checking account. It happens to everyone. But you don't have to deal with the declined transactions and fees. With a Ready Reserve, you have a backup line of credit that automatically fills the gap anytime you may need it. Stop in and visit with your loan officer to learn more.
How to Apply
Get started today by filling out a credit application | Consumer Credit Application
Bring your application to any of our KodaBank locations to apply.
Furloughed Federal Employee Relief Program
The Furloughed Federal Employee Relief Program assists both North Dakota residents who are federal government employees and members of the armed services stationed in North Dakota. It provides funds if they experience financial hardship due to the federal government shutdown on October 1, 2025. Bank of North Dakota (BND) is partnering with local lenders to provide short-term, low-interest loans to eligible borrowers.
Disbursements of the individual’s base net pay for up to three months will be provided unless the federal government reinstates pay before that time. The loan program will not be available after federal government pay is reinstated.
Applications will be accepted October 10, 2025, through January 2, 2026, or until the federal government shutdown ends, as determined by the Office of Personnel Management (OPM), whichever occurs first.
For more information visit: Furloughed Federal Employee Relief Program (FFERP) - Bank of North Dakota
To download an application: Furloughed Federal Employee Relief Program Loan Application
Eligibility
All of the following parameters must be met:
- The borrower must be a North Dakota resident or a member of the armed services stationed in North Dakota who is impacted by the current federal government shutdown.
- Borrower must be a federal employee, a member of the armed services stationed in North Dakota, or an individual employed as a federal government contractor who is paid directly by the federal government and will resume work with it.
- Eligibility extends to both excepted and non-excepted employees.
- Due to the federal government shutdown, the borrower is not receiving a paycheck.
- The borrower is a current customer of the lead lender and has or will have their federal paycheck directly deposited with the financial institution. The lead lender must have at least one physical location in North Dakota.
Loan amount/limit
- The loan amount is limited to the equivalent of up to three months’ base net pay for the eligible borrower.
- The loan is a non-revolving line of credit structured to allow the borrower to draw funds in multiple advances that align with their regular pay schedule.
Participation requirements
- BND will purchase 100% of the loan.
Interest rate and fees
BND Interest Rate: Interest rate will be fixed at 2.00%.
Lead Lender Service Fee: BND will pay a one-time service fee
to the lead lender of $250.00.
BND Interest Rate: Interest rate will be fixed at 2.00%.
Lead Lender Service Fee: BND will pay a one-time service fee
to the lead lender of $250.00.
Collateral
The loan is unsecured.
Loan terms
- The maximum term is five months.
- Loan will be structured as a non-revolving/closed-end line of credit with a maximum loan amount equal to three months’ base net pay. Borrowers will be eligible for multiple advances that align with their regular pay schedule. Loans will be available and disbursed only as long as the government fails to pay eligible borrowers.
- The loan shall be repaid in three equal consecutive monthly installments of principal and interest, amortized over three months, with the first installment due three (3) months after the initial advance date.
- Payments must be applied to interest first, then principal, and then any outstanding fees.
- Loan will not have a prepayment penalty.
- Loan will not have a default interest rate.
- Promissory note must include “Right of Setoff” verbiage.
Required documentation
- Most recent paystub
- Furloughed Federal Employee Relief Program (FFERP) application submitted by a local lender, which must have at least one physical location in North Dakota.
KodaBank is a full-service financial institution with branches catering to customers in Northeast North Dakota and Northwest Minnesota. You can find those branches in Drayton, Grand Forks, Fargo, Neche, Walhalla, Minto, Hamilton, Cavalier, and Pembina, ND, and Bemidji, Kennedy, and Stephen, MN.
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