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Consumer Collateral Loan Closing

Ready To Take The Next Step On Your Loan?

In order to close your loan, we need more information from you. Please email the information requested below to

For A Dealership Purchase:

  • We require a purchase agreement from the dealership to proceed.
    • The purchase agreement must list Royal Credit Union (or Royal CU) as the lien holder on the collateral.
  • Once we receive and process the purchase agreement, we will contact you to finalize your loan within 2 business days.
  • Please ask your dealership if they are part of Royal’s Indirect Lending Network. If they are, let them know you are pre-approved at Royal Credit Union. Depending on the dealership, you may be asked to provide another application.

For Private Party Purchases Or Refinancing:

  • We will need the information listed below to proceed. You may copy and paste this list into an email to
    • Seller information (if applicable):
      • First & last name of seller
      • Address
      • Phone number
      • Agreed upon purchase price
      • Date of birth – For sellers that are WI residents (this is a WI DMV requirement to perform vehicle inquiries in the WI DMV Database)
    • Collateral/vehicle info:
      • VIN
      • Year
      • Make
      • Model
      • Body style
      • Trim level
      • Vehicle color
      • Mileage
  • If there is a lien on the collateral, we need the following payoff information:
    • 10 or 15 day payoff amount
    • Per diem (daily interest amount)
    • Account number for the loan at the lending financial institution
    • Name of lending financial institution & payoff address
  • If there is no lien, the title will be required before closing the loan.
  • Once we receive and process the needed information, we will contact you to finalize your loan within 2 business days.