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Personal Loans

We offer both secured and unsecured personal loans with flexible terms to meet your needs and keep your budget balanced

Call us at 800-341-9911 or visit an office

Our personal loans include easy applications, fast decisions, and local loan servicing. You can use personal loan funds for a variety of purposes, from replacing a home appliance to going on a trip. A personal loan can keep your budget on track when you have unexpected expenses.

Royal offers both secured and unsecured personal loans. You'll get the funds you need as a one-time lump sum disbursement, with flexible repayment terms.

We can also provide secured and unsecured consolidation loans. A consolidation loan combines multiple debts from another financial or Royal into a single loan with one payment. Consolidation loans can reduce your monthly payments or lower your interest rate compared to your current debts.

Ways To Use A Personal Loan

Personal loans can be used for:

  • Consolidating multiple loans into a single new loan
  • Emergency expenses or medical bills
  • Home improvements or other large purchases
  • Education costs
  • Weddings, vacations, or travel expenses

Unsecured Or Signature Loans

Term
APR
Monthly Payment

Understanding An Unsecured (Or Signature) Loan

  • No collateral is needed for an unsecured personal loan
  • Unsecured loans are simple to apply for
  • Unsecured loans may be used for a range of purposes
  • This type of loan is also called a signature loan

Secured Loans

Term
APR
Monthly Payment

Understanding A Secured Loan

  • A vehicle, motorcycle, boat, or RV is the collateral securing this type of loan
  • Royal savings account or certificate funds can also be used as collateral
  • Your equity in your vehicle (the amount it is worth minus the amount you owe on it) may be able to be used as collateral in a vehicle equity loan
  • Rates for secured loans are lower than unsecured loans
  • A similar loan option that uses your home as collateral is called a home equity loan 

Helpful Tools

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