Highland Park Public Library Local Newspapers Site

Wilmette Life (Wilmette, Illinois), 20 Oct 1966, p. 2

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

WHAT'S SO PERSONAL ABOUT A PERSONAL LOAN? A "personal" loan is a loan which is not secured by collateral. Often it is called a "signature" loan, since the lender accepts the borrower's promise to p a y - a s evidenced by his signatLire on the loan agreement. Unsecured loans are called personal; secured loans are usually called collateral loans. The feature our customers particularly like about personal loans is convenience, T h e borrower is not required to have collateral. H e merely completes a loan application form at the bank, and if his record of meeting financial obligations is a good record, the loan is paid to him without delay. Bank interest rates are reasonable and the borrower may take up to 24 months to repay. People use personal loans for a variety of reasons. Usually an unexpected expense . . . an illness in the family . . . a need to replace old furniture. . . . A personal loan can be a most useful tool in managing your family's finances. It is, of course, a private transaction handled quickly and efficiently by a trained lending officer. Please call Mr. Shumway or Mr. Megran . . . or stop in at your convenience. You'll like the treatment you receive at The Wilmette State Bank. DRIVE-IN BANKING FREE PARKING EARLY A N D LATE HOURS: M O N D A Y S T H R U F R I D A Y S 7 : 5 0 A . M . - 2 : 0 0 P.M. F R I D A Y S 5 : 0 0 P.M. - 8 : 0 0 P.M. · C L O S E D S A T U R D A Y S THE NORTH SHORES BANKING CENTER -- FOR OVER 60 USEFUL YEARS THE0WILMETTE 1 2 0 0 CENTRAL A V E N U E WILMETTE. ILLINOIS ALPINE 1-8100

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