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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

We have easy applications, fast decisions, and local loan servicing. A personal loan can help put your goals within reach! 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 with a one-time lump sum disbursement and flexible terms to meet your needs.

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

Ways to Use a Personal Loan

Personal loans can be used for a variety of purposes, including:

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

Types of Personal Loans

Unsecured Or Signature Loans

Term
APR
Monthly Payment

Understanding An Unsecured Loan

  • No collateral is needed for an unsecured personal loan
  • Simple to apply for and 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

  • This type of loan is secured by collateral like a vehicle, motorcycle, boat or RV
  • Funds in a Royal savings account or certificate can also be used as collateral
  • You may be able to use the equity you have in your vehicle as collateral in a vehicle equity loan
  • Rates for secured loans are lower than unsecured loans
  • If a secured loan isn't exactly what you are looking for, you may want to look at a home equity loan 

Helpful Tools

Need help with the numbers? Try one of these calculators below.

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