Consumer Loans

The best auto loan is the one that offers the most competitive rate, terms, and monthly payment for your situation. Because dealerships may offer financing from multiple lenders, including credit unions, it can be a good idea to get preapproved before you shop. Getting pre-approved from Royal Credit Union gives you a financing offer to compare against any options available at the dealership, helps you understand your budget, and allows you to focus on negotiating the vehicle price separately from the financing. Current auto loan rates are published on Royal's rates page.

Yes, Royal Credit Union refinances auto loans. Refinancing means replacing your existing loan with a new one, usually get a lower rate or a different term. It can make sense if rates have fallen since you bought the vehicle, if your credit has improved, or if you want to change the monthly payment. Royal Credit Union offers auto loans for refinancing as well as for purchases, and current rates are on the rates page.

A personal line of credit is a revolving credit limit you can draw from repeatedly, paying interest only on the amount you use. A personal loan gives you a single lump sum up front with fixed payments over a set term. A line of credit is great for unexpected or ongoing expenses, whereas a personal loan is better for a single, one-time expense. Royal Credit Union offers both.

Yes, Royal Credit Union offers small business loans, startup and expansion loans, business lines of credit, capital and term loans, commercial real estate and construction financing, and business credit cards. Royal also has a business banking team and a commercial lending team that work directly with business Members to find them the right loan to meet their needs. Business Members can apply online or schedule a conversation before applying.