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Personal Loans

Take the next step in reaching your goals with personal loans from Midland States Bank.

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What Is a Personal Loan?

A personal loan is an agreement where a bank or lender lets you borrow a set amount of money and pay it back through fixed installments with interest. You may want a personal loan if you're working on renovation projects, car repairs, moving or need funds for other reasons.

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About Personal Loans Through Midland States Bank

We’re ready to help you reach the next milestone in your life with a personal loan. When you choose us, you take advantage of the following benefits:

  • Loans starting at $1,000
  • Competitive rates
  • Digital tools that allow for end-to-end customer support.
  • Convenient access to online personal loan information.
  • An easy application process with quick approvals
  • Online and mobile banking that gives you 24/7 insights into your banking and loan situation

Start an Online Application Today

Types of Personal Loans

You can use a personal loan for various expenses, such as remodeling or upgrading your home, taking a vacation or paying for a wedding. Personal loans are particularly useful and popular for consolidating high-interest debts and allowing you to pay them off at a more reasonable rate. Midland States Bank offers the following types of personal loans:


home loan imageHome Loans

Midland States Bank offers personal loans for home improvements or other expenses using your home as collateral. This is done through home equity loans and home equity lines of credit. Whether you need major renovations or need to pay for medical expenses, we're ready to support you with flexible underwriting criteria and no appraisal necessary.

Looking to start your home ownership journey? Check out our mortgage resource center for details on purchasing or refinancing your home. Whatever your lending needs, our bankers can help you get started today. 


car iconVehicle Loans

When you're looking to finance a new or used vehicle, we will put you in the driver's seat and give you various auto loan options. Our vehicle loans are easy to apply for with a straightforward application and speedy approvals. Midland States Bank offers car loans and recreational vehicle loansApply Now.


a handshake with a dollar sign above itUnsecured Term Loan

You can use an unsecured term loan for just about anything, and the best news is – approval is based on your credit history rather than your assets. Collateral, such as your vehicle or home, is not needed to receive funds if you have great credit. With a simple loan process, you could see funds in no time. Our unsecured term loan also provides fixed, consistent payments for easy budgeting. Apply Now.


a bar graph with an arrow pointing to a dollar signInvestment Secured Line of Credit1

Borrow against your Midland Wealth Management investment portfolio or your investment account held elsewhere. Using your eligible investments as collateral allows you to borrow at a competitive rate and maintain your investment, so you can prevent liquidating them for access to funds and potentially affecting your long-term strategies. In other words, you can use the value of your investments without selling them. Avoid disrupting your investment strategy and enjoy access to cash when you need it at lower interest rates than an unsecured loan. Midland States Bank offers loan amounts up to $500,000 with advances available through online transfer, telephone, in-branch transactions, and checking overdraft. There are endless ways you can use your line of credit, such as home renovation, vehicle purchases, short-term cash flow needs and more. Apply Now.

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Why Choose Midland for Personal Loans?

At Midland States Bank, we're a strong, diversified financial service company dedicated to building a sense of community and culture with our members. We're more than a bank — we offer financial services for every season of your life, from mortgages and wealth management to business and equipment financing. Our team has our eyes fixed on the future. We're committed to economically developing the communities we serve and making an impact in your everyday life.

How Do I Get Started?

Begin your application online or make an appointment with us today to start the application process with Midland States Bank as your personal loan lender. We can connect you with a loan specialist to help you sign your loan and get your money as soon as possible.

Apply Online Today

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All lending products are subject to application and credit approval. Home equity loans and lines also subject to acceptable appraisal and title search.

1 Investment products and services are: Not A Deposit; Not FDIC Insured; May Lose Value; Not Bank Guaranteed; Not Insured By Any Federal Government Agency or Midland States Bank. The Investment Secured Line of Credit is a marketable securities or cash based line of credit from Midland States Bank. Assets cannot be purchased on margin. There cannot be any other holds on the investment account. The investment account cannot be deemed retirement funds. Securities-based financing involves unique risks and is not for everyone. When considering a securities-based loan, thought should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectations and investment time horizon. Midland States Bank may demand full repayment at any time. Some restrictions may apply and not all managed accounts are eligible as collateral. All loans and collateral are subject to credit approval.


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