Personal Loans

Welcome to our bank's personal loan page. We understand that sometimes you need financial assistance to achieve your personal goals or overcome unexpected expenses. That's why we offer personal loans to help you with your needs.

What Is a Personal Loan?

A personal loan is a type of loan that allows you to borrow money for personal use. Unlike a mortgage or auto loan, a personal loan is typically unsecured, which means that the borrower does not need to provide collateral or security to obtain the loan. Personal loans can be used for a variety of purposes, such as consolidating high-interest debt, making a large purchase, financing a home renovation project, or covering unexpected expenses.

Personal loans have fixed interest rates and are repaid in equal installments over a set period of time. Personal loans are a good option for borrowers who need to borrow money for a specific expense but do not have the cash on hand to pay for it upfront.

Our personal loans come with competitive interest rates and flexible repayment terms to suit your needs. Whether you need a loan for a small expense or a major purchase, we have loan options to fit your requirements.

How To Qualify For A Personal Loan

To qualify for a personal loan with us, we require the following:

  • Good Credit Score: A good credit score is important to demonstrate your ability to manage your finances and repay the loan. At REO Real Estate Bank, we typically require a credit score of 700 or higher.
  • Proof of Income: We require proof of income to ensure that you have a steady source of income to repay the loan. This can include pay stubs or tax returns.
  • Debt-to-Income Ratio: We consider your debt-to-income ratio to ensure that you can manage your debt and repay the loan. A lower debt-to-income ratio is preferred.
  • Employment History: A stable employment history is important to demonstrate your ability to repay the loan.
  • Citizenship or Residency: You must be either a citizen or legal resident of the country where you are applying for the loan.
  • Age: You must be of legal age, which is typically 18 or older, to apply for a personal loan.
  • Loan Amount: We may have minimum and maximum loan amount requirements that borrowers must meet.
  • Purpose of Loan: We require you to indicate the purpose of the loan, which must be for personal use only and cannot be used for business or investment purposes.

Terms And Rates

At REO Real Estate Bank, we offer personal loans with competitive rates and flexible terms to meet your borrowing needs. Here's what you can expect when you apply for a personal loan with us:

Interest Rates

Our interest rates are competitive and vary depending on the loan amount, loan term, and your creditworthiness. You can expect to pay lower interest rates if you have a good credit score and meet our other lending criteria.

Loan Amounts

We offer personal loans with a range of loan amounts to fit your specific borrowing needs. Our loan amounts typically start at $5,000 and can go up to $100,000, depending on your creditworthiness and your needs.

Loan Terms

Our loan terms range from 12 to 60 months, giving you the flexibility to choose a repayment term that works best for your budget and financial goals.


We may charge an origination fee, which is a one-time fee charged at the beginning of the loan, to cover the costs of processing your loan application. This fee is typically a percentage of the loan amount and is included in your monthly loan payments.

Prepayment Penalty

We do not charge a prepayment penalty, which means you can pay off your loan early without any additional fees or charges.

Automatic Payment Discount

We offer a 0.25% interest rate discount if you set up automatic payments from a REO Real Estate Bank account.

It's important to note that our rates and terms are subject to change and may vary depending on your creditworthiness and other factors. We encourage you to contact us or visit one of our branches to learn more about our specific rates and terms and to find a loan option that works best for you.