Royal Member on his boat

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

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

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

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