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Consumer Collateral Loan Closing

Congratulations on your recent loan approval!

While your loan is in processing we will need a few pieces of information in order to move your application to the closing stage. Here’s what we will need next. Please send the following information to

Next Steps:


For a dealership purchase:

  • We require a purchase agreement from the dealership to proceed.
  • 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 a private party purchase or refinance:

  • We will need the following information to proceed:
    • 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
      • 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.

Please send the above information to