Personal Loans for Life’s Planned and Unexpected Moments

Whether you’re buying a vehicle, covering an important expense, or making a special purchase, Somerset Trust can help you explore personal loan options with clear guidance and local support.

Man and woman in kayaks on a lake

Personal Loans Designed Around Your Needs

From vehicles and planned purchases to unexpected expenses and flexible access to funds, Somerset Trust offers personal loan options with clear guidance from local lenders who are ready to help.

Vehicle Secured Loan

Whether you’re buying a new or used vehicle or financing one you already own, our team can help you understand your options and choose a loan that fits your budget.

Best for

Customers who want to purchase or refinance a car, truck, motorcycle, RV, or other eligible vehicle.

View through windshield of man driving car and woman in passenger seat
Father teaching son to ride a bike on brick sidewalk with trees in background

CD/Savings Secured Loan

Use eligible Somerset Trust savings or CD funds as collateral while keeping your savings in place.

Best for

Customers who want access to funds while keeping eligible savings or CD balances intact.

Unsecured Installment Loan

Borrow for purchases or important expenses with a set repayment schedule and predictable monthly payments.

Best for

Customers who want a fixed repayment plan without securing the loan with collateral.

Man hugging dog at a park
Two young women looking at map and laughing with old buildings in background

Personal Line of Credit

Access funds as needs come up, with interest charged only on the amount you use.

Best for

Customers who want flexible borrowing access for ongoing or unexpected expenses.

How Personal Loans Work

  1. Tell Us What You Need

    Start with a conversation about what you’re borrowing for, how much you may need, and what kind of loan may fit.

  2. Review Your Options

    A Somerset Trust lender will walk you through available loan options, repayment details, and next steps.

  3. Move Forward With Support

    Once approved, we’ll help you complete the process and stay available for questions along the way.

Apply Now

Man shopping online on his phone and holding credit card

Looking for a Credit Card Instead?

For everyday purchases, travel, or added flexibility, Somerset Trust credit card options may be another way to support your financial plans.

Personal Loan FAQs

Borrowing can bring up a lot of questions. These answers can help you understand a few important details before you talk with a Somerset Trust lender.

The details may vary by loan type, but you’ll typically need to provide personal identification, income information, and details about what you plan to borrow for. A Somerset Trust lender can let you know what is needed for your specific application.

A secured loan uses collateral, such as a vehicle, savings account, or CD. An unsecured loan does not use collateral and is based on credit approval and other lending factors.

Some borrowers like the flexibility of paying a loan off ahead of schedule. Before you do, ask a Somerset Trust lender to explain any terms or conditions that may apply to your loan.

Timing can depend on the loan type, application details, and required documentation. Our team will help you understand the process, what to expect, and what may be needed to keep things moving.

Trusted by Our Neighbors

Somerset Trust Co. has been the only bank I have ever worked with that is on top of their game. The staff and management is always there to answer any questions that I have.
Charles Kennedy, Tri State Electric Inc.
Working with this team has been an exceptional experience from start to finish. The combination of responsiveness, expertise, and true customer care made all the difference, and we couldn't be more grateful for the experience.
Dave Mohnkern, Dynamic Metal Processing Corporation
Somerset Trust continues to demonstrate its commitment to our community by covering the cost of one course per semester for early college students at Allegany College of Maryland. This generous investment opens doors to educational opportunity for countless Somerset County students.
David Jones, President, Allegany College of Maryland
The team at Somerset Trust is very responsive which made our banking transition seamless. There is always support staff available when a question or problem arises. We couldn't be happier with our working relationship with Somerset Trust.
LaVale Sanitary Commission
STC has assisted the VFD with several loans to renovate our building and purchase a new fire engine, each time they were more than willing to finance our projects. The process was fast and easy with very competitive rates on the deposit side.
Meyersdale Volunteer Fire Department
Silhouette of family holding hands, backlit by a sunset

Let’s Move Forward, Together

Open an account, explore your options, or receive personalized guidance from a local expert.

Get Started