An unsecured personal loan is a term loan with a fixed rate and fixed monthly payments. However, unlike other term loans such as equity loans, auto loans, mortgage loans, and recreational loans, unsecured personal loans require no collateral. Known for their quick and easy application process, borrowers can typically receive their funds quicker than most other types of loans and borrowers are able to use the funds for financing any type of personal purchase. The loan amount is determined based on a variety of factors – including credit, income, and employment history.
Please contact one of our Consumer Lending Team to discuss your unsecured personal loan options.
For more information on additional types of Personal Loans, choose one of the links below: