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:
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.
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 loans. Apply Now.
Unsecured 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.
Investment 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.