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Personal Loans & Lines of Credit

Finance a large purchase, free up cash for investing or consolidate debt with flexible borrowing options and competitive rates.

Easy access to the funds you need.

Borrow up to $1 million with a secured or unsecured loan or line of credit.1 Plus, enjoy interest rate discounts and service and support from a dedicated Relationship Manager.

Loans
Take advantage of competitive rates and various term options with a secured or unsecured loan.

BORROW UP TO

$1 Million*
  • Secured or unsecured financing²
  • Predictable, fully amortized monthly payments
  • 0.25% rate discount when payments are made with a City National checking account

*Subject to credit approval. Secured loans may allow for higher loan amounts.

Lines of Credit
Borrow the money you need, repay it, and borrow again with a revolving line of credit.

BORROW UP TO

$1 Millon*
  • Secured or unsecured financing²
  • Only pay interest on the amount you use
  • 0.25% rate discount when payments are made with a City National checking account

*Subject to credit approval. Secured lines of credit may allow for higher credit lines.



The Benefits of Borrowing

A Dedicated Relationship Manager

All lending accounts are supported by a Relationship Manager who will guide you through the application process and any other banking needs.

Rate Discounts

You'll receive a 0.25% interest rate discount when you make automatic payments with a City National Bank checking account.3

Secured Loans & Lines

Borrow against cash, stocks and bonds to access lower interest rates.

 

Easy Access to Funds

Access funds from your loan or line of credit through checks, City National Online or telephone transfer.

 

Overdraft Lines of Credit

Connect your City National checking account with an overdraft line of credit to automatically cover transactions that exceed your account balance. Visit a branch or call us to learn more about your overdraft protection options.

FAQs

Personal loans allow you to borrow money to pay for large expenses, such as home remodeling, medical fees, wedding expenses and more. You can also use a personal loan to consolidate high-interest debt at a potentially lower rate.

Personal loans are either secured or unsecured. With a secured loan, you can pledge collateral, such as cash, stocks or bonds, in the event you may not meet underwriting requirements for an unsecured loan.

Unsecured loans are the most common type of personal loan and do not require collateral. However, late or missed payments may negatively affect your credit score.

Once approved, personal loan funds are disbursed to your City National bank account in a lump sum. Payments are made monthly at a fixed or variable interest rate for a predetermined term.

Applicants must complete and submit an application in addition to providing proof of income and assets. You may be asked to provide current pay stubs, tax returns and/or entity documents (if applicable). Find your local City National Bank branch to get started.

Unlike an auto or mortgage loan, personal loans can be used for most large purchases such as home repairs or remodeling, medical fees, wedding expenses, debt consolidation and more.2

Interest rates on personal loans are generally lower than credit cards and are fixed or variable for a set period of time. Once approved, you can choose a repayment plan best suited for you.

And, with an unsecured personal loan, you are not required to provide collateral (e.g. real estate or stocks) in case you are unable to make payments.

With an unsecured personal loan, you are not required to provide collateral (e.g. real estate or stocks) in case you are unable to make payments. Instead, unsecured loans apply interest to the amount of your loan. Factors like income and credit score help determine your approved interest rate. A lower rate helps you pay less in the long run.

With a revolving line of credit, you will have access to a specific credit limit that you can use for any permissable purpose. You can access as much of the credit line as you need, as long as you don't exceed your credit limit, and you will pay interest only on the amount that you use. You can repay the loan and borrow again, up to your credit limit.


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1. Subject to credit approval. Secured loans and lines may allow for higher loan amounts or credit limits. 

2. Secured loans may not be used to finance post-secondary (after high school) education expenses (such as, for example, tuitions and fees, books, supplies, miscellaneous personal expenses, room and board, and an allowance for any loan fee, origination fee, or insurance premium charged to a student or parent for a loan incurred to cover the cost of the student's attendance). A secured line of credit, equity line of credit or other open-ended revolving line of credit may be used for financing such education expenses. 

3. If you have a City National Bank checking account and elect the automatic payment feature, you will receive a 0.25% interest rate discount. If automatic payments are discontinued, we reserve the right to increase the client's interest rate by 0.25%.

§

City National Bank App requires that you download the City National Bank App and is only available for select mobile devices. Requires setup in City National Online®. Message and data rates may apply.