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Independent Banker

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. By Howard Schneider. who oversees 32 loan officers dedicated to providing the loans.

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Finova Financial Review: Secured Personal Loans With Your Car

MyBankTracker

To qualify, though, you must live in one of the following states: Arizona Florida California South Carolina Tennessee New Mexico Finova is unique because you’re able to unlock the cash or equity in your car. When applying for a personal loan, most banks and credit unions require applicants to provide some sort of collateral.