Whether you’re planning a wedding, consolidating debt, or covering unexpected expenses, personal loans can be a smart way to take control of your finances. At GRB, we tailor solutions to fit your life.
When it comes to personal loans, there are many options. Understanding how loans work and how to make them work for you is essential to making confident financial decisions. Here’s a breakdown of what personal and secured loans can offer.
Unsecured Personal Loan
This is a loan characterized by a lump sum of money borrowed without collateral.
Used for:
- Debt consolidation
- Medical expenses
- Major purchases (e.g., furniture, electronics)
- Vacations or family events
Benefits:
- Fixed monthly payments
- Predictable interest rates
- Fast access to funds
GRB Advantage: GRB’s unsecured personal loans offer competitive fixed rates and flexible repayment terms — with the option to receive a reduced rate when you open a GRB checking or savings account
Secured Personal Loans
Secured loans are backed by collateral — such as a deposit account or marketable securities.
Used for:
- Lower interest borrowing
- Building or repairing credit
- Emergency financial flexibility
Benefits:
- Lower interest rates than unsecured loans
- May be easier to qualify for
- Helps build credit responsibly
GRB Advantage: GRB secured loans are tied to your existing relationship with the bank and includes flexible terms and competitive rates.
Why Choose GRB for Personal Lending?
We’re more than just a bank — we’re a financial partner rooted in the local community. Whether you need the simplicity of an unsecured loan or the lower rate of a secured one, GRB offers:
🌟 Personalized Service
Every GRB borrower has a dedicated Retail Banker who listens, explains, and helps them make the right decision for their goals.
🏦 Local Decision-Making
Unlike national lenders, loan decisions at GRB are made locally. That means quicker turnaround and lending policies that reflect our region’s realities, not a national algorithm.
đź’ł Borrowing Benefits
- Reduced or no closing costs
- Rate discounts for existing GRB accountholders
- Convenient repayment from your GRB checking or savings account
- Access to our mobile app, which includes credit score monitoring and other personal finance tools
Ready to Learn More?
At GRB, we believe lending should be simple, transparent, and tailored to you. Whether you’re planning ahead or handling life’s surprises, we’re here to help.
Connect with our Retail Banking Team to explore the lending solution that fits your future.
