When you need to borrow, rely on Philo Exchange Bank. We offer a full line of loans, including personal, vehicle, real estate, agriculture and business. All of our loans feature competitive interest rates, along with a choice of terms and repayment methods, plus the convenience of local approval.

  • Contact a loan officer at either our Allerton or Philo location for assistance
  • Use our calculators to estimate monthly payments

Click Here to Apply for Any Loan 

Ag Services

East central Illinois is home to some of the world’s most valuable farmland. We understand the needs of agriculture professionals and offer flexible approaches to all types of lending services.

Farm production loans, operating loans and lines of credit

When you need seasonal or cyclical funds for expenses during the growing season, we have a variety of ways to help. For your convenience, funds can be deposited directly into your checking account and the loan or line of credit repaid with proceeds from the sale of the commodity produced.

Machinery and equipment loans

See us for the financing to purchase farm machinery, equipment and vehicles needed to operate your farm business. Terms range from 1 to 5 years, and our loan officers will work with you to structure the payment schedule around your specific cash flow needs.

Real estate loans

Long-term financing structured to match the cash flow of your farm is available for purchases of additional farmland, building structures and homes on your property.